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Listing Description
Listed: Tue, 9 Dec
High Yield Regional Investment Property
1/21 Rayner Street, Temuka, Timaru, Canterbury
Asking price $639,000
Details
Other Features
| Attribute | Value |
|---|---|
| Property type | House |
| Broadband in the area |
Description
Investor-ready 3-bedroom home in Temuka - 1/21 Rayner Street, Timaru District This brand-new turnkey home at 1/21 Rayner Street delivers low-maintenance living, modern design, and strong rental appeal in one of Temuka’s most established neighbourhoods. With three double bedrooms, two bathrooms, and a landscaped 293 m² section, it’s an ideal fit for quality tenants seeking comfort and convenience, and for investors wanting hands-free ownership.
Investment Highlights
- Turnkey price: $639,000
- Rental appraisal: $610 per week
- Gross rental yield: 4.96%
- Modern tenant appeal: 3 bedrooms, 2 bathrooms, open-plan living, and internal-access garage
- Healthy Homes compliant
Why Invest in Temuka & the Timaru District
- High yield potential compared to major centres. Lower entry prices and strong rental demand help support yields near or above 5 percent.
- Growing regional economy, the Timaru District benefits from manufacturing, logistics, agribusiness, and food production, supporting stable employment and consistent tenant demand.
- Strong rental fundamentals. Temuka continues to attract long-term tenants, particularly families and workers who value affordable, modern housing.
- Steady occupancy - regional towns with strong industry bases like Temuka often experience low vacancy rates and reliable tenant retention.
Why This Property Works in a Portfolio 1/21 Rayner Street offers the reliability of a new build, the strength of a 3-bedroom rental in a high-demand market, and a competitive yield underpinned by a realistic rental appraisal of $610 per week. With its turnkey finish, Healthy Homes compliance, and low-maintenance design, this home represents a smart, income-focused investment in a stable regional location. Ready to secure this tenant-friendly, investor-aligned new build in the Timaru District?
Contact Investr today to secure this turn-key property with three months free management.
Please note: All interior photos are from previous builds, which has been used to provide an indicator of the Mike Greer Homes quality.
Open home times
No times scheduled
Property Files
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Nathan Graham
Investr Limited 
Property Partner
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