Listing Description
Cashflow Investment
1-4, 25 Harrow Street, Phillipstown, Christchurch City, Canterbury
Price by negotiation
Details
| Attribute | Value |
|---|---|
| Property type | House |
| Agency reference | GMR12020 |
| Broadband in the area |
Description
House plus three self contained studio units. The dwellings span 246sqm (more or less) and are configured into the stand-alone house and three separate studio units, providing a mix of tenancy options to suit a broad rental market. The layout has been optimised for rental yield; the house comprising of three bedrooms, kitchen/lounge and bathroom plus a detached double garage. The studio units are made up of one bedroom/living area, kitchen and bathroom each. Two of the studios also have a single garage.
- Current rental income: $1,590 per week ($82,680pa) from a mix of fixed term tenancies.
- 1 x 3-bedroom House and 3 x Studio Flats
- 800sqm (more or less) of land across two titles
- Located near key bus routes and local shopping
- Medium Density Residential (MRZ) zoning supports future development
With stable income in place and rental upside identified, this property offers a solid holding opportunity for land banking or staged redevelopment. Its location, zoning, and site configuration make it well-suited to investors seeking flexibility, future gains, and consistent cash flow.
Source: Property Guru, Linz, Vendor, CCC.
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Neil McLaughlin
Agent's details
Neil McLaughlin
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Glass Miles Ltd, (Licensed: REAA 2008)
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