Christchurch City Median PriceChristchurch City Median Rent | A493 Armagh Street, Linwood | $329,000 listed in Mar 2013 | House: 2 2 | Land size: 451 sqm | Building size: 100 sqm [Measure] | Agent: Grenadier Real Estate Ltd |
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| ![](http://images15.realestate.co.nz/listings/1981264/c647f64c2739c348c9f086d8dd697a9b.crop.232x154.jpg) More Photos |
Map | Street view | Nearby | Property Description: | With the owners already overseas here is a great opportunity to buy a property with lots of options. This grand old villa is in great shape, with a rental appraisal of $520 per week, this provides the possibility to double what the banks are offering and pick up a great rate of 8.2% gross return on your investment. The property is split into 2 self-contained 1 double bedroom flats, each with their own separate lounge, heat pump, bathroom, toilet, laundry and north-west facing rear yard. There is also the option to use the lounge in each flat as an additional bedroom. With the property in Avonside Girls High zone, Eastgate Mall about 1km away, The Palms Shopping Centre an easy drive, and the CBD rebuild less than 2kms away seize this excellent opportunity to purchase an affordable investment. Act quick as this will not last long! |
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