120 Edward Avenue, Edgeware, Christchurch

Welcome to 120 Edward Avenue, where modern design meets exceptional comfort in the heart of Edgeware, Christchurch. This thoughtfully crafted townhouse offers a bright and airy living experience, with a focus on natural light and contemporary features.

The open-plan kitchen and living area at 120 Edward Avenue is the heart of this home, designed for both functionality and style. Featuring a charming gabled roof with a skylight, this space is flooded with natural light, creating an inviting atmosphere perfect for everyday living and entertaining. Large windows further enhance the light-filled ambiance, making the area bright and airy throughout the day.

The townhouse boasts two spacious double bedrooms, one located downstairs and the other upstairs, providing an ideal layout for shared living or flatting situations. Both bedrooms feature gabled roofs and the downstairs bedroom has a skylight, ensuring an abundance of natural light and a unique architectural touch. Large windows in each room add to the brightness, making these spaces both comfortable and aesthetically pleasing.

The fully tiled bathroom is designed for relaxation and convenience, featuring a luxurious bath for unwinding after a long day. The large window allows plenty of natural light to fill the space, creating a bright and refreshing environment. This well-appointed bathroom complements the overall modern and light-filled design of the home, ensuring comfort and style.

completed

Location

Located in the city fringe suburb of Edgeware 120 Edward Avenue offers living close to the city while not being in the hustle and bustle of the central city. Many amenities are a walk or short drive away from these properties including malls, supermarkets and restauraunts.

• The Palms Mall 1.3km

• New World Stanmore 1.5km

• Mairehau High School 2.0km

• Christchurch CBD 3.5km

• Christchurch Airport 11.3km

Unit B

Note: Cost to own and cashflows are approximate examples only. Actual results achieved will vary based on purchase price, interest rate, deposit %, providing carparks, providing furniture, insurance, property rates and rental rate. Please download free analysis software to complete your own analysis. Our team can help you with this, so don’t hesitate to contact us.

Unit D

Investment Overview

Edgeware, one of Christchurch's most inner city suburbs, offers an enticing investment prospect for several reasons. Firstly, compared to other major centres in New Zealand, property prices in Christchurch, especially within or around the Central Business District, remain relatively affordable. For example, at the beginning of 2024, the average house price in Christchurch stood at $690,000, notably lower than Auckland's $1,280,000 and the national median of $802,000. 

One particularly exciting investment opportunity is 120 Edward Avenue, a completed development. Investing in property in suburbs like Edgeware presents a compelling opportunity, mainly due to its convenient access to a wide range of local amenities. Situated on the edge of the central city, Edgeware provides residents easy access to supermarkets, cafes, restaurants, and recreational areas, all within walking distance or a short commute. This accessibility enhances residents' quality of life and increases the area's desirability for potential tenants and buyers.

Moreover, Christchurch's Central City is undergoing significant revitalisation, with projects such as Te Kaha Stadium, a state-of-the-art facility costing $680,000,0000, currently in construction alongside other infrastructure developments. These projects are poised to enhance not only the appeal and value of Christchurch's inner city suburbs but also the entire city for years to come. 

Investors considering properties within this development can expect attractive rental yields of up to 5.2%, which is competitive compared to the Christchurch average of around 4.0%.

Current projects