Sold
31/17 Bunyan Street,
Sydenham, Christchurch City
NZD 495,000
Property details
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Agents
Ray White Addington: Next Step Realty Limited Licensed (REAA 2008)
110 Wrights Road, Addington Christchurch City 8024
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Cash Cow: 8%+ Yield & 3 Ensuites
Properties that combine strong cash flow, low maintenance, and a proven rental setup are becoming increasingly difficult to secure. This 2017 built townhouse delivers all three, offering a potential gross yield of 8%+ based on previous rental performance. For investors seeking strong returns in a city-fringe location, opportunities like this are becoming increasingly rare.
Designed for maximum functionality, the layout offers three bedrooms, each paired with its own bathroom, creating a level of privacy rarely found in comparable properties. This configuration has proven highly effective for room-by-room rentals, helping maximise occupancy appeal and rental performance.
The open-plan kitchen, dining, and living area provides a practical and modern space, flowing effortlessly to a private outdoor area. Built in 2016, the property benefits from contemporary construction standards, double glazing, and a low-maintenance design that allows owners to focus on returns rather than ongoing upkeep.
Key Features
• Three bedrooms, each with its own bathroom and private balcony
• Previously rented room-by-room for $870 per week.
• Open-plan kitchen, dining and living area
• Modern construction with low-maintenance appeal
• Two dedicated car parks
• Healthy Homes compliant
• Secure gated complex
• Body Corporate manages exterior maintenance
Investment Highlights
• Potential gross yield of 8%+ based on previous rental performance
• Proven room-by-room rental configuration
• Strong appeal to professionals, students, and city workers
• Low-maintenance "set and forget" ownership
• Modern build providing long-term peace of mind
Location
• Minutes from Christchurch CBD
• Close to Te Kaha Stadium
• Easy access to major transport routes
• Park located nearby
• Convenient connection to the Port Hills, cafés, restaurants, and city amenities
Additional Information
• Body Corporate Fees: $4,169.84 per annum (approximately $80 per week) including building insurance and long-term maintenance fund contributions
• Floor Area: 96m2
• CV: $480,000
• LV:180,000
• IV:300,000
• Rates: $3,553.54
• Built: 2017
• School Zones: Waltham School, Hillview Christian School, Te Aratai College, Hagley College, Middleton Grange School, Christchurch Adventist School, Marian College
• Legal description: Unit, Principal Unit 9 and Accessory Unit 17A, 38A Deposited Plan 500778
• Certificate of Title: 745800
To download the information for this property, please copy this link into your web browser: https://www.propertyfiles.co.nz/Bunyan31-17
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.
Designed for maximum functionality, the layout offers three bedrooms, each paired with its own bathroom, creating a level of privacy rarely found in comparable properties. This configuration has proven highly effective for room-by-room rentals, helping maximise occupancy appeal and rental performance.
The open-plan kitchen, dining, and living area provides a practical and modern space, flowing effortlessly to a private outdoor area. Built in 2016, the property benefits from contemporary construction standards, double glazing, and a low-maintenance design that allows owners to focus on returns rather than ongoing upkeep.
Key Features
• Three bedrooms, each with its own bathroom and private balcony
• Previously rented room-by-room for $870 per week.
• Open-plan kitchen, dining and living area
• Modern construction with low-maintenance appeal
• Two dedicated car parks
• Healthy Homes compliant
• Secure gated complex
• Body Corporate manages exterior maintenance
Investment Highlights
• Potential gross yield of 8%+ based on previous rental performance
• Proven room-by-room rental configuration
• Strong appeal to professionals, students, and city workers
• Low-maintenance "set and forget" ownership
• Modern build providing long-term peace of mind
Location
• Minutes from Christchurch CBD
• Close to Te Kaha Stadium
• Easy access to major transport routes
• Park located nearby
• Convenient connection to the Port Hills, cafés, restaurants, and city amenities
Additional Information
• Body Corporate Fees: $4,169.84 per annum (approximately $80 per week) including building insurance and long-term maintenance fund contributions
• Floor Area: 96m2
• CV: $480,000
• LV:180,000
• IV:300,000
• Rates: $3,553.54
• Built: 2017
• School Zones: Waltham School, Hillview Christian School, Te Aratai College, Hagley College, Middleton Grange School, Christchurch Adventist School, Marian College
• Legal description: Unit, Principal Unit 9 and Accessory Unit 17A, 38A Deposited Plan 500778
• Certificate of Title: 745800
To download the information for this property, please copy this link into your web browser: https://www.propertyfiles.co.nz/Bunyan31-17
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.
Explore the area
School catchments
- Waltham School Full primary Years 1-8 State 0.17km
- TKKM o Waitaha Composite Years 1-15 State 0.65km
- Hillview Christian School Composite Years 1-15 State integrated 0.69km
- St Mark's School (Christchurch) Full primary Years 1-8 State integrated 0.93km
- St Peter's School Te Kura Haoika Full primary Years 1-8 State integrated 1.3km
- Rudolf Steiner School (Chch) Composite Years 1-15 State integrated 1.4km
- Beckenham Te Kura o Pūroto Full primary Years 1-8 State 1.4km
- Te Kura o Ōpāwaho – Opawa School Full primary Years 1-8 State 1.4km
- Catholic Cathedral College Secondary Years 7-15 State integrated 1.4km
- St Martins School Full primary Years 1-8 State 1.8km
- Christchurch South Karamata Intermediate School Intermediate Years 7-8 State 1.9km
- Ao Tawhiti Unlimited Discovery Composite Years 1-15 State 1.9km
- Te Kura o Huriawa Thorrington Primary Years 1-6 State 2.0km
- Somerfield Te Kura Wairepo Primary Years 1-6 State 2.0km
- Te Waka Unua School Full primary Years 1-8 State 2.0km
- Te Aratai College Secondary Years 7-15 State 2.0km
- St Michael's Church School Full primary Years 1-8 Private 2.1km
- Te Puna Wai o Waipapa - Hagley College Secondary Years 9-15 State 2.5km
- Cashmere High School Secondary Years 9-15 State 2.5km
- Christ's College Secondary Years 9-15 Private 2.9km
- Te Pā o Rākaihautū Composite Years 1-15 State 3.1km
- TKKM o Te Whanau Tahi Composite Years 1-15 State 3.1km
- St Margaret's College Composite Years 1-15 Private 4.1km
- Christchurch Girls' High School -Te Kura o Hine Waiora Secondary Years 9-15 State 4.2km
- Rangi Ruru Girls' School Secondary Years 7-15 Private 4.3km
- Te Kura Tuarua o Horomaka Hillmorton High School Secondary Years 7-15 State 4.5km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
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