4/17 Bunyan Street Priced at $569,000 - Dual Key Cash Cow

Available PropertyFiles:

  • 4.17 Bunyan Street Rental Appraisal.pdf
  • Council Information - 4_17 Bunyan Street.pdf
  • Deadline Sale Pack V4 11.8. 2022 - (Selling Prior).pdf
  • REA Sales-and-Purchase-Guide_A4-DIGITAL_2022_ENGLISH_F4.pdf
  • Title-4-17 Bunyan Street.pdf

Property Description

Seize the opportunity to invest in one of Christchurch's most promising areas with this post-quake-built dual-key property in Sydenham. Offering a strong yield of over 6%, this mostly furnished property is an excellent addition to any investor's portfolio, providing not just one but two income-generating units. The property comprises a one-bedroom apartment and a studio, each with its own kitchen, bathroom, and private balcony, ensuring privacy and convenience for tenants.

In today's market, the demand for well-maintained, furnished rental properties is high, and these units are perfectly positioned to meet that need. With a design tailored for modern living and a location that appeals to a wide range of tenants, this property promises steady rental income and low vacancy rates.

Located just minutes from Christchurch CBD, this property enjoys the benefits of a central location, including easy access to shopping, dining, and public transport. As Christchurch continues its growth and revitalization post-quake, properties like this are becoming increasingly valuable, offering both strong rental returns and long-term capital gains.

Investors will appreciate the low-maintenance nature of this property, along with the fact that it's mostly furnished and ready to generate income from day one. Contact us today for more information.

Key Details:
Floor Area: 64m2
CV: $550,000
LV: $122,000
IV: $428,000
Rates: $3,255.45
Built: 2016
Body Corporate: $3,181.09
Rental Income weekly: Unit A $390 Unit B $340
School Zones: Waltham School, Hillview Christian School, St Mark's School (Christchurch)
Legal Description: UNIT 104 DP 500778 ON LOT 1, 2 & 4 DP 479995 HAVING SHARE IN 9946M2
Certificate of Title: Unit Title

Source: Please be aware that this information may have been sourced from third parties and we have not been able to independently verify the accuracy of the same. Land and Floor area measurements are approximate and boundary lines are indicative only. We highly recommend you to complete your own research and seek independent legal and/or technical advice.

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Contact Ali Ahmadi

Next Step Reaty Limited

Licensed REAA (2008)

022 695 8033   ali.ahmadi@raywhite.com   All Listings