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Listing Description
Listed: Tue, 2 Dec
Investor Opportunity - Dual Income on RMD Land
1 and 2/25 Hills Road, Edgeware, Christchurch City, Canterbury
Asking price $989,000
Details
Other Features
| Attribute | Value |
|---|---|
| Property type | Unit |
| Parking | 2 garage spaces |
| Agency reference | FH23448 |
| Broadband in the area |
Description
With clear instructions from our owners, both of these homes must be SOLD. Viewings are available right through the holiday period by appointment.
Unlock the potential of one of Edgeware's strongest investment offerings. 25 Hills Road presents two well-maintained 2-bedroom units, each with off-street parking and individual garages. Positioned on valuable Residential Medium Density (RMD) land-making this a rare dual-income AND future-development play.
Boasting Strong Existing Income Both units are appraised between $520-$560 per week unfurnished for long term tenancy. Based off a conservative $540 per week, they could deliver a combined $1,080 per week-that's $56,160 in annual rental income. With stable tenant demand in this location, investors can expect reliable occupancy and solid cashflow from day one. This is a strong return for a Christchurch city-fringe asset offering both income and development potential, making it ideal for yield-focused buyers and long-term strategic investors.
Future Development Upside Positioned on RMD-zoned land, this property offers genuine scope for multi-unit redevelopment in the future. Hold for the income today, and unlock the higher-density potential when the timing suits-this is the type of site investors actively compete for.
Location That Tenants Love Only minutes from Edgeware Village and the Christchurch CBD, the property benefits from high tenant demand from professionals, small families, and students. Strong transport links and amenities further elevate long-term rental appeal.
Why This Property Stands Out to Investors
- Dual income stream with excellent rental appraisal
- Two tidy, low-maintenance 2-bedroom units
- Will come with a healthy homes certificate
- Garaging + off-street parking for both units
- RMD land = future multi-unit development potential
- Strategic city-fringe location
- Outstanding rental demand and low vacancy risk
Buy today for reliable income and bank the upside for tomorrow. Opportunities combining strong yield and redevelopment potential are rare-25 Hills Road delivers both in one smart investment.
To download the documents for these homes, please copy the following link into your web browser: https://www.agentsend.com/25HILLSROAD
All agencies welcome!
Open home times
No times scheduled
Property Files
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Agent's details
Daniel Lassen
Andrew Purdon
Enquire about the property
Platinum Partner
Learn MoreGrenadier Real Estate Halswell, (Licensed: REAA 2008)
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