4/36 Creyke Road, Ilam, Christchurch

Located at 4/36 Creyke Road, Ilam, Christchurch, this residential property is a prime example of modern student accommodation. Built in 2019, the home features six bedrooms, each with its own ensuite, ensuring privacy and convenience for tenants. The property is constructed with mixed materials for the walls and an iron roof, both in good condition. It is a unit title ownership with a level contour, offering a floor area of 148 square meters and one car park.

The property has shown a significant increase in capital value, with a government valuation of $930,000 in August 2019, rising to $1,290,000 by August 2022, reflecting a growth of approximately 38.71%. The HouGarden AVM estimates the property at $1,235,000. Recent sales history includes a transaction on June 9, 2025, for $970,000, and a previous sale on May 16, 2018, for $940,000. This property is currently tenanted at $260 per room per week, ensuring a high-yield investment.

The property is situated in a desirable school zone, with several high-decile schools nearby. Burnside High School and Cobham Intermediate both have a decile rating of 8, while St Patrick's School (Bryndwr) and Christchurch Boys' High School boast a decile rating of 10. Other nearby schools include Villa Maria College (decile 9), Ilam School (decile 6), and Riccarton High School (decile 6), among others. This location offers excellent educational opportunities for families and students alike.

Updated on September 26, 2025