Large Family Home or Great Investment Property
Situated in a great location in Islington, this five bedroom home will appeal to owner occupiers wanting a large family home or investors wanting high yielding investment property being close to both Canterbury University and Lincoln University and demand from students for accommodation and interest in this location is always high.
Large modern kitchen with dishwasher, under bench oven, gas hobs and rangehood. Plenty of cupboards and bench space. Fridge/freezer supplied. Spacious and sunny living and dining area with log burner and heat pump. Separate lounge with heat pump. Neutral decor throughout making it light and airy. Good quality carpets, flooring, curtains and blinds.
Five double bedrooms, two bedrooms downstairs and three bedrooms upstairs. Master bedroom has ensuite with shower and vanity. There is a separate toilet upstairs. The main bathroom downstairs has a separate shower, bath, toilet and vanity. Separate laundry facilities with washing machine supplied and tub.
Two great outdoor space for entertaining and decking area. This property enjoys plenty of sun and privacy on an easy care grounds that are fully fenced. Single carport and off-street parking with large gate. Great storage sheds. Gas hot water and gas hob. Alarm system. Lawns and grounds currently maintained by the owners at their expense. Located on its own freehold title on 485m2 of RS, TC1 land.
Good holding income, currently rented at $750.00 per week fixed until 20/01/2026. There is room to increase future rental income, with a Rental Assessment of $800.00 per week, $160.00 per room, potentially showing a 6.02% return.
Situated in a great location close to Hornby Mall and Dress Mart, yet only a short drive away to Christchurch airport, Avonhead Mall, Upper Riccarton, Riccarton Racecourse, Westfield Mall, Canterbury University, Bush Inn Shopping Mall and local amenities. Located near Halswell Junction Road, ensures a short drive to Lincoln University. Zoned for Hornby High School, Hagley Community College, Middleton Grange School and Hornby Primary School.
This property will appeal to a wide range of prospective purchasers, large families, ideal for an extended family or work from home situations or for an astute investor wanting student or large group accommodation.