53 South Belt Lincoln, Selwyn District

PROPERTY FILES:
https://www.propertyfiles.co.nz/property/53SouthBelt

Positioned just a short walk from the heart of Lincoln township, this high-performing investment property presents a rare and rewarding opportunity for savvy investors. Owned for the past 14 years, this home has consistently delivered strong returns, with no vacancy throughout its ownership - a testament to its desirability and reliability as a rental.

Currently securing $900 per week, the property is tenanted under a fixed-term lease until November 2025, with tenant interest already expressed in renewing for another year - ensuring continued income stability. A recent rental appraisal estimates the weekly return between $900-$1,000, reflecting strong ongoing demand in the area.

Significant recent upgrades include full double glazing (excluding conservatory) and a new ColourSteel roof, with over $100,000 invested to modernise and futureproof the home. These enhancements contribute to a warmer, healthier living environment and a refreshed exterior appeal. Fully Healthy Homes Compliant, this six-bedroom, two-bathroom residence (including a master ensuite and an additional separate toilet) is designed for functionality and comfort.

The spacious lounge, complete with a log burner, offers a cosy communal hub, while the separate kitchen, dedicated dining area, and full laundry room ensure practical everyday living.

Outside, the property boasts excellent parking and storage with a double garage with dual doors, attached carport, and additional on-street parking - ideal for multi-tenant use.

Whether you're expanding your portfolio or seeking a high-yield, low-hassle addition, this well-maintained, tenant-secured property in a fast-growing township is one not to be missed.