Listed: Wed, 4 Mar

2 properties, 1 title on 933sqm RSDT land

2 Cooke Street, Somerfield, Christchurch City, Canterbury

Asking price $1,180,000

4 Beds
2 Baths
933m² Land

Other Features

1 Study
4 Garage parking

Attribute	Value
Property type	House
Parking	4 garage spaces
Broadband in the area	Fibre, ADSL, Cable, Satellite, VDSL, Wireless

Download property files here: https://vltre.co/zk4tUE

THE FACTS:

Two self-contained flats on one freehold title
Configuration: 1 x 2-bedroom flat, 1 x 2-bedroom + office flat
Combined rental income: $950 per week
Both tenants on periodic tenancies
933sqm corner site, opportunity to build 6 townhouses
Zoned Residential Suburban Density Transition (RSDT)
School zones include Cashmere High School and Somerfield School
Freehold title
To be sold on or before auction day

THE FLUFF:

Developers, investors, and land-bankers, this is the kind of opportunity that quietly builds wealth in the background.

Positioned on a substantial 933sqm corner site in an increasingly sought-after pocket, this property delivers immediate income with long-term upside. Two rental streams on one freehold title provide strong holding income today, while the Residential Suburban Density Transition zoning opens the door to tomorrow's development potential.

With reliable tenants who are happy to stay, you can step straight into consistent cash flow from day one. Whether you're expanding your portfolio, securing a future project site, or helping family into their first home while retaining income from the second dwelling.

Zoned for desirable schooling and located in a proven growth area, this is smart buying with flexibility written all over it.

Our vendors have appreciated the steady returns, but their next chapter calls. Opportunities with this combination of land size, income and zoning rarely sit still.

Disclaimer: unit 2 photos are not current

Open home times

No times scheduled

Property Files

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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.