Edgeware Real Estate

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3/40 Draper Street

Canterbury Area
3/40 Draper Street Canterbury Area
proudly marketed by
Atomo Properties
Investors/First Home Buyers - be quick on this one
Deadline Sale (unless sold prior) - 4pm, 9 April 2021 This low maintenance, modern townhouse is ideal as a first home or to add to your existing investment property portfolio. Built in 2017, it features two double bedrooms, modern kitchen and bathroom, fenced courtyard area plus a dedicated carpark. Situated only 2.2km from the Christchurch CBD and walking distance to local shops, schools and amenities it offers easy convenience for a variety of occupiers. A straightforward investment option - currently tenanted at $380 per week. Based on a purchase price of $420,000 that's 4.7% gross return and $4576 per annum cash flow positive (based on our assumptions). With $19380 of gross rent per annum, this property makes for a solid starter if you are thinking of becoming a landlord or a simple addition to your current portfolio. Contact us if you would like us to provide a 10 year cash & capital forecast of how this property could perform based on historical statistics. Get your offer in promptly and don't miss out! Cash flow positive rentals are not lasting long in this market.
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