Listed: Tue, 21 Jul

Invest with confidence in prime location

53 Acacia Avenue, Upper Riccarton, Christchurch City, Canterbury

To be sold by auction on 13 Aug, 11:00 am

6+ Beds
2 Baths
688m² Land

Attribute	Value
Property type	House
Agency reference	5530744
Broadband in the area	Fibre, ADSL, Cable, Satellite, VDSL, Wireless

Auction (unless sold prior) 11am, Thu 13 Aug 2026 3 Deans Ave, Chch

Positioned on a 688sqm (more or less) TC1 Medium Density Residential-zoned land, the property enjoys a prime location within walking distance to the University of Canterbury and Bush Inn, making it ideally suited for student accommodation. Currently returning $1,480 per week on a fixed tenancy through to January 2027, it offers immediate income with excellent long-term investment potential.

688sqm (more or less) of TC1, Medium Density Residential zoned land
Walking distance to the University of Canterbury
Generating a rental income of $1,480 per week on a fixed term tenancy until January 2027
Rental appraisals indicating up to $1,600 per week
Generous off-street parking
Eight large bedrooms, two bathrooms
Resource consent in place for the eight bedrooms

Delivering a strong and reliable rental return, this property presents an outstanding opportunity for investors seeking a high-performing addition to their portfolio. Character timber flooring flows throughout the main living areas, seamlessly connecting the spacious lounge and dining room. The updated kitchen is both practical and well-appointed, offering ample storage and functionality for everyday living.

The home comprises five generous double bedrooms serviced by two bathrooms, while a purpose-built sleepout provides a further three double bedrooms, creating a total of eight bedrooms. Original rimu detailing in the main dwelling add warmth and timeless character, complementing the home's modern improvements.

Offering peace of mind, the property has a full EQC scope with all repairs completed by a previous owner. It is fully insured and benefits from resource consent for all eight bedrooms. Further enhancements completed by the current owners include extensive re-gibbing, underfloor insulation, new guttering, a low-maintenance section, and ample off-street parking.

The owners are committed to selling and are highly motivated to achieve a sale on or before auction day.

To download the property files, copy and paste into your browser: https://www.propertyfiles.co.nz/5530744

Open home times

Wed, 12 Aug
2:00 pm to 2:30 pm

Property Files

Discover more about this property.

Request the files from Grace.

These property files are supplied by the agent and Trade Me Limited has no responsibility for the completeness or accuracy of the property files

Local Schools

IN ZONE Middleton Grange School
30 Acacia Avenue
220 m
Composite (Year 1-13) (Primary, Intermediate & Secondary), State : Integrated, 1376 enrolled
IN ZONE Kahikatea Kirkwood Intermediate
260 Riccarton Road
770 m
Intermediate (Intermediate), State, 258 enrolled
IN ZONE Riccarton High School
31 Vicki Street
1 km
Secondary (Year 9-13) (Secondary), State, 1130 enrolled

IN ZONE Te Kāpehu Riccarton School
1 English Street
1.2 km
Full Primary (Primary & Intermediate), State, 353 enrolled
IN ZONE Villa Maria College
21 Peer Street
1.3 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 824 enrolled
IN ZONE Our Lady Of Victories
106 Main South Road
1.6 km
Full Primary (Primary & Intermediate), State : Integrated, 254 enrolled
IN ZONE St Thomas Of Canterbury College
69 Middlepark Road
1.9 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 703 enrolled
IN ZONE Te Puna Wai O Waipapa - Hagley College
510 Hagley Avenue
3.5 km
Secondary (Year 9-13) (Secondary), State, 2120 enrolled
IN ZONE Christchurch Adventist School
15 Grants Road
4.8 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State : Integrated, 266 enrolled
OUT OF ZONE Ilam School
66 Ilam Road
1 km
Contributing (Primary), State, 400 enrolled
OUT OF ZONE St Teresa's School (Riccarton)
10 Puriri Street
1.2 km
Full Primary (Primary & Intermediate), State : Integrated, 168 enrolled
OUT OF ZONE Wharenui School
Matipo Street
1.4 km
Full Primary (Primary & Intermediate), State, 456 enrolled
UNZONED Medbury Preparatory School
109 Clyde Road
1.7 km
Full Primary (Primary & Intermediate), Private : Fully Registered, 395 enrolled
OUT OF ZONE Christchurch Boys' High School
71 Straven Road
2 km
Secondary (Year 9-13) (Secondary), State, 1420 enrolled
OUT OF ZONE Avonhead School - Rakipaoa
55 Avonhead Road
2.1 km
Full Primary (Primary & Intermediate), State, 589 enrolled
OUT OF ZONE Hillmorton High School
Tankerville Road
2.7 km
Secondary (Year 7-13) (Intermediate & Secondary), State, 1404 enrolled
OUT OF ZONE Christchurch Girls' High School -Te Kura O Hine Waiora
10 Matai Street
2.9 km
Secondary (Year 9-13) (Secondary), State, 1306 enrolled
OUT OF ZONE Burnside High School
151 Greers Road
3.2 km
Secondary (Year 9-13) (Secondary), State, 2597 enrolled

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.