1-3/54 Division Street, Riccarton, Christchurch City, Canterbury
Christchurch, New Zealand
Guide Price
$463420
799000 NZD
PROPERTY TYPE
townhouse
BEDROOMS
4
BATHROOMS
2
Description
Priced $799,000 3 Brand New Townhouses Available An exceptional opportunity for savvy investors, these brand-new, purpose-built townhouses are now fully completed with tenants already moved in, delivering immediate rental income from day one. Constructed and designed with both longevity and tenant comfort in mind, each townhouse
features four spacious bedrooms with built-in wardrobes and two modern bathrooms, including a private ensuite, ensuring strong appeal to the modern student rental market.
•Guaranteed rental income – $880 per week, leased until January 2027 •Four bedrooms, all with built-in wardrobes •Two modern bathrooms, including ensuite •Freehold titles - no body corporate fees •Modern finishes and brand-new appliances throughout •Fully Healthy Homes compliant •Double glazing and heat pump for year-round comfort •Tenants already in place - immediate cash flow •Walking distance to the University of Canterbury •High tenant demand in a proven rental
location With fixed-term leases secured through January 2027, investors can enjoy stable, hands-off income from settlement. Located just a short walk from the University of Canterbury, these properties are perfectly positioned to deliver reliable returns with minimal vacancy. Designed to meet Healthy Homes Standards and built for durability, these low-maintenance properties provide strong long-term investment performance in one of Christchurch’s most consistent student rental locations. Available Units: •Unit 1: $799,000 – Available •Unit 2: $799,000 – Available •Unit 3: $799,000 – Available Our vendors have already committed to their next project and are highly motivated to sell. Don’t miss this rare opportunity to secure a high-yield, low-maintenance investment with income from day one. To download the Property Files, copy and paste the below into a new browser: Unit 1: https://www.propertyfiles.co.nz/5530099 Unit 2: https://www.propertyfiles.co.nz/940550003 Unit 3: https://www.propertyfiles.co.nz/910530003
Location
Open in Google MapsLiving in Christchurch
Rebuilt and reimagined after the 2011 earthquakes, Christchurch is New Zealand's most affordable major city with a flat, bikeable layout and easy access to both beaches and ski fields. The rebuild has created a modern, innovative city center, and the Canterbury region offers a drier, sunnier climate than Wellington or Auckland. A smaller expat community means a more authentic Kiwi experience.
Morning surf before work, weekends tramping through Lord-of-the-Rings landscapes, and a laid-back culture where shoes are optional and nature is never more than ten minutes away.
Visa
Skilled Migrant Category Resident Visa — points-based system requiring a skilled job offer in NZ. New pathways opening August 2026 for trades workers and those with 5+ years experience. Accredited Employer Work Visa is the faster route if you already have a job offer.
Learn more: The Complete Guide to Moving to New Zealand→Key Fact
NZ has strict biosecurity laws — importing food, plants, or outdoor gear can result in heavy fines. The work-life balance is exceptional, but the job market is small and remote from everywhere.
Learn more: What You Need to Know Before Moving Abroad→New Zealand at a glance
How New Zealand scores for American expats
Cost of buying in New Zealand
Estimated fees and ongoing costs for this property
Closing Costs
3-5% of purchase price
- ·No stamp duty
- ·Legal/conveyancing: NZ$1,500-3,000
- ·Building inspection: NZ$500-800
- ·LIM report: NZ$300-400
Annual Costs
Property Tax
0.3-1.5% of government valuation (varies by council)
Insurance
NZ$1,500-3,000/yr
HOA / Condo Fees
NZ$300-600/mo for apartments (body corporate)
Good to Know
Agent Fees
Seller pays (2.5-4%)
Foreign Buyer Note
Foreign buyers BANNED from existing homes (2018 ban). Can only buy new-build apartments in large developments.
Legal help in New Zealand
Hire your own attorney — not the seller's. We'll match you with a vetted local lawyer.
Need a local attorney in New Zealand?
We'll connect you with an independent, English-speaking real estate attorney experienced with foreign buyers. Not the seller's lawyer — yours.
Contact Agent
Angela Webb - Whalan and Partners Ltd (Licensed: REAA 2008) - Bayleys, Christchurch
Next steps for moving to New Zealand
Interested in this property? Here's how to move forward.
Understand the buying rules
Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.
Sort out your visa
Owning property doesn't give you the right to live there. Research residency options before you buy.
Plan your finances
Understand currency risk, international wire transfers, and whether you can get a local mortgage.
Know your tax obligations
US citizens are taxed on worldwide income. You'll need to file US taxes from abroad and may owe local taxes too.
Set up healthcare
Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.
Run the full checklist
Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.
realestate.co.nz
NZD