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Progressive First National - Progressive Realty Ltd MREINZ, (Licensed: REAA 2008)
James Mullins and Lynette Li James Mullins and Lynette Li

46 Rountree Street, Ilam

Auction on 5 Mar, 2:00 pm

Listing Description

Listed: Thu, 12 Feb

Proven Student Investment Opportunity Zoned RMD

46 Rountree Street, Ilam, Christchurch City, Canterbury

Details

  •   4 Beds
  •   1 Bath
  •   675m² Land
Other Features
  •   2 Garage parking
AttributeValue
Property type
House
Capital value (CV)
$810,000
Parking
2 garage spaces
Agency reference
FNP11364
Broadband in the areaFibre, ADSL, Satellite, Wireless

Description

SOLD

A long standing favourite in the university rental market, 46 Rountree Street offers steady income in a location that tenants consistently seek out. Zoned Medium Density Residential, it also carries appealing future potential for those thinking beyond today. With a secure tenancy in place until 29 November 2026, it delivers reliable returns from day one.

Inside, the open plan kitchen dining and living area anchors the home and keeps everyday living straightforward for tenants. The large separate lounge is currently being used as a fourth bedroom, a setup that works well for student groups and helps maximise return. If more living space is preferred, the layout can easily revert to three bedrooms with two living areas. Double glazing teamed with a heat pump keeps the home comfortable across the seasons.

The outdoor spaces are simple and practical. Easy care gardens and a generous fenced section offer privacy and room to spread out. The double garage adds real value and includes an external storage room perfect for bikes, sports gear or anything else that comes with flatting life. Extra off street parking further boosts its appeal in an area where parking is always in high demand.

With its solid 1950s construction, TC1 land status, RMD zoning, and unbeatable proximity to the University of Canterbury, transport options and everyday amenities, this property continues to perform strongly and remains a smart long term investment.

AUCTION 2pm Thursday 5th March 2026 (unless sold prior) - In Rooms: 1 Wentworth Street, Ilam, Christchurch

TO DOWNLOAD THE PROPERTY FILES, PLEASE COPY AND PASTE THIS LINK: https://www.propertyfiles.co.nz/property/938330005

Disclaimer: Please be aware that this information has been sourced from third parties. View our property information disclaimer here: https://fnproperty.co.nz/disclaimer/


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Property Files

James Mullins and Lynette Li

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Local Schools




While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.



Progressive First National - Progressive Realty Ltd MREINZ, (Licensed: REAA 2008)
James Mullins and Lynette Li

James Mullins and Lynette Li

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James Mullins and Lynette Li

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Progressive First National - Progressive Realty Ltd MREINZ, (Licensed: REAA 2008)

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