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Listing Description
Listed: Thu, 30 Oct
High-Yield Investment in Prime Riccarton Location
24 Piko Crescent, Riccarton, Christchurch City, Canterbury
To be sold by auction on 20 Nov, 11:00 am
Details
Other Features
| Attribute | Value |
|---|---|
| Property type | House |
| Capital value (CV) | $610,000 |
| Parking | 4 open spaces |
| Agency reference | RN27684 |
| Broadband in the area |
Description
Ideally positioned in one of Christchurch's strongest rental and growth areas, this five-bedroom property offers an exceptional opportunity for investors seeking solid returns and long-term growth.
Just a short walk to the University of Canterbury, Riccarton Mall, public transport and medical centres, the location ticks every box for convenience and tenant demand. Families and professionals alike are drawn to the area's top school zones, including Christchurch Boys' High, Christchurch Girls' High, and Riccarton High School.
Currently appraised to rent up to $1,100 per week, the property offers a strong cash flow and yield. Zoned Medium Density Residential, it offers excellent flexibility for future redevelopment or intensification (subject to Council consent).
Key Highlights:
- 5 bedrooms - ideal for student accommodation or large families
- Healthy Homes Compliant
- Rental appraisal: $1,100 per week
- Walking distance to University of Canterbury & Riccarton Mall
- Top school zones and strong tenant demand
- Excellent transport links and local amenities nearby
With location, zoning, and yield all working in your favour, this is a standout opportunity in the heart of Riccarton.
For viewing outside of scheduled open homes, contact the agent to make these arrangements.
To download property files, copy and paste the following link into your browser: https://www.propertyfiles.co.nz/property/24PikoCrescent
Please be aware that this information may have been sourced from RPNZ / Property Smarts / Land Information New Zealand / Christchurch City Council / CERA and we have not been able to verify the accuracy of the same.
Open home times
Sat, 1 Nov
Sat, 1 Nov
Sun, 2 Nov
Sun, 2 Nov
Wed, 5 Nov
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Property Files
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Agent's details
Sean Innes
Luke McLaughlin
Enquire about the property
Platinum Partner
Learn MoreHarcourts Grenadier - Riccarton, (Licensed: REAA 2008)
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