Discover an exceptional investment opportunity in the highly sought-after suburb of Ilam. This substantial property, spanning two dwellings is ideally positioned for consistent rental income, being fully tenanted and currently generating an impressive $1020 per week.

The residence is uniquely configured as two separate dwellings, maximizing its appeal for the lucrative student rental market. It comprises:

A spacious 5-bedroom dwelling with two bathrooms

A well-appointed 2-bedroom dwelling with one bathroom

Situated in the heart of Ilam, the property benefits significantly from its close proximity to the University of Canterbury, a key driver of demand for student accommodation. The area is renowned for its strong rental market, particularly for multi-room properties catering to students. The consistent demand in Ilam ensures low vacancy rates and reliable rental returns.

This property presents a compelling addition to any investment portfolio, offering both immediate rental income and potential for long-term capital growth in a perennially desirable location. Don't miss this chance to acquire a high-performing asset in Christchurch's prime education hub.

One-on-one inspections are available anytime, to best suit you and your schedule. To arrange yours, please call the Iron Bridge team on 03 961 5333.