6 Tensing Place Sockburn, Christchurch City

Deadline Sale: All offers to be presented at 1:30pm, Tuesday 4th March 2014 (No offers prior)

Owning rental property has been a popular investment for many Kiwis over the years. Returns from property investment come from rental income and from any increase in the value of property over time.

So how does 6 Tensing Place stack up? In regards to increasing values in the area the median sale price in the West Outer suburbs of Christchurch went from $281,000 in Dec 2009 to $418,000 in Dec 2013 that is a 48.75% increase! (Source REINZ).

The rental assessment is $400 to $430 per week unfurnished and in its current presentation. If cosmetic improvements are made then another $30-$50 per week on the rent may potentially be realised.

Will the location be attractive to tenants you ask? The University of Canterbury is only 3.3km away and the College of Education 2.3km, the local shops are situated at the Bush Inn Centre 1.5km, the property is located within major transport links for quick commuting and it is in zone for Riccarton High School which is only a short walk around the corner.

The out of town owner wants this property sold and immediate possession is available which also opens it up to the first home buyer market. 634sqm of TC1 land. L1 CCC zoning. Three bedrooms inside, all doubles with built in wardrobes, outside is a sleep out and another room permitted as a storage room/studio. Extra large garage with workshop space and miles of off street parking. Insurance with AMI. LIM and Title available, email vanessa.golightly@raywhite.com. Register your interest today and secure your future.