7 Hanrahan Street, Ilam
Value:
$780,000
The Handsome Group’s first-ever rental property purchase together. This property, although not the prettiest, serves a purpose. In the heart of Upper Riccarton, a stone’s throw from the Univerity of Canterbury, and with 4 bedrooms and 2 bathrooms this property will always rent well.
The maintenance and repair work from the previous owner was nil which didn’t make it an easy sell on the open market, but with some tough negotiations a great price was agreed and the purchase was made. We have been slowly updating and repairing the home as we go, however, tenant interest is always strong. With this property almost never vacant this home will keep providing good income for years to come.