171b Brookside Road, Rolleston, Selwyn

Nestled on a levelled 769m2 of freehold land at 171b Brookside Road, Rolleston, Selwyn, this residential-vacant property boasts an undefined exterior and roof construction, yet promises a low maintenance, high-yielding investment. The package includes a main 4-bedroom, 2-bathroom house with a single garage, and an attached 2-bedroom, 1-bathroom flat, also with a single garage. As a SMART property investment, it's priced at $1,199,500 with a guaranteed rent of $1,200 per week for 2 years, amounting to a healthy annual rent of $62,400. This property, complete with a 10-year Master Build Guarantee, is part of a location that's only 20 minutes from Christchurch and boasts a rapidly growing community with ample retailers, eateries, and educational facilities like a primary school and Rolleston College.

With a Capital Value (CV) of $425,000 as of September 2021, the property's value has seen a significant increase. The HouGarden AVM estimates the property's worth at $397,500, reflecting a promising investment opportunity with a strong CV growth history. The recent sales in the area further validate the investment potential of this property.

For families, the school zone is a significant plus. The local schools are highly rated, with Rolleston College being a stand-out educational institution. This property not only promises a secure financial return but also provides a conducive environment for academic pursuits.

Updated on June 24, 2024