1/105 Southampton Street, Sydenham, Christchurch City, Canterbury

1 house converted into two flats - options galore!

With a rental appraisal of both flats totalling $710-$780 p/w, this is an extraordinary opportunity to secure a fantastic income stream. Or, if you are starting out, you could live in one flat while renting out the other. How would around $400 per week help pay your mortgage? As a seasoned investor, you will certainly see the potential value here, with the location suggesting a high yield return in a favoured part of Christchurch. While there's no doubt the property offers exceptional returns, it could also be converted back to a family home (perhaps 3 double bedrooms, 2 bathrooms?) - or could it work well for an extended family who want separate spaces but close proximity to provide care for loved ones. But wait! There's more! Perhaps live in the back and run a business from the front? (Council consents may be required). Great schooling options (including Cashmere High, Beckenham Primary, Rudolf Steiner, Hillview Primary and Secondary) are a huge bonus, and the proximity to Beckenham shops, Colombo St Woolworths, 'The Colombo', 'The Tannery', the soon-to-open Stadium, and the Hospital means the location is A+. With the current owner (of over 40 years!) finally exiting the property market, this has been their tightly held 'gold mine'. Freshly painted, carpeted and vinyled, the canvas is here to really add your own personality and value. Property Files available on request.

Please be aware that this information may have been sourced from REINZ/Property Smarts/Land Information New Zealand/the relevant local authority/CERA and we have not been able to verify the accuracy of the same.