120 Hastings Street East, Sydenham, Christchurch

Welcome to 120 Hastings Street East, a modern and secure gated complex in the heart of Waltham, Christchurch, featuring eight beautifully designed two-bedroom, two-bathroom townhouses. Each unit is thoughtfully laid out with open-plan living downstairs, where Unit 1 boasts a peninsula bench while Units 2–8 feature stylish L-shaped kitchens. All units include Fisher & Paykel appliances, quality finishes, and two heat pumps, one in the living area and another on the upper landing, for year-round comfort.

Upstairs, each townhouse offers two generously sized bedrooms, including a master with ensuite and a second shared family bathroom, making them ideal for professionals, small families, or flatmates. Every unit comes with a dedicated car park, and the complex includes a communal bike shed, encouraging a more sustainable lifestyle. With full turnkey convenience, including blinds, landscaping, and quality fittings throughout, these homes are ready to move into or rent out immediately.

Positioned just minutes from Christchurch’s CBD, 120 Hastings Street East offers unbeatable access to the city’s workplaces, entertainment, and educational hubs. Excellent public transport options, proximity to major routes like Brougham Street, and nearby amenities such as Waltham Pool and local cafes make this an attractive location for city living. As Christchurch continues to grow, especially with developments like the nearby Te Kaha Stadium, Waltham’s popularity is only set to rise, making this a smart and future-proof investment.

completion Due Q1 2026

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.

Investment Overview

Investing in 120 Hastings Street East, Waltham, Christchurch offers a promising opportunity, driven by its strategic inner-city location, high rental demand, and upcoming infrastructure developments. The suburb sits just 2 km from the Christchurch CBD, providing residents and tenants with quick access to workplaces, retail, dining, and educational institutions. Waltham is well-connected by public transport and major roads like State Highway 76, making commuting straightforward. Nearby amenities include the Waltham Pool, parks, and schools such as Waltham School and Te Kura Kaupapa Māori o Waitaha, contributing to the area's appeal for families and professionals alike.

From a financial perspective, 120 Hastings Street East, Waltham is a solid performer. As of April 2025, the median sales price sits at $582,000 with weekly rent appraised at $530-$545 per week, delivering a gross yield up to approximately 5.3%. Long-term capital growth has averaged 5.7% over the last 20 years, and with nearly 60% of residents renting, the area maintains consistent tenant demand. Two-bedroom homes are particularly sought-after, making them a strong option for targeted investment strategies.

A major driver of future growth is the $683 million Te Kaha Stadium project, currently under construction and due for completion in 2026. This 25,000-seat covered venue is expected to boost local business, drive tourism, and raise property values across surrounding suburbs, including Waltham. Supporting upgrades, like the $34 million investment in roads and infrastructure around the stadium, are set to enhance urban accessibility and aesthetics, adding further long-term value to the area.

Overall, 120 Hastings Street East is positioned in a suburb poised for both steady returns and future appreciation. Its combination of affordability, centrality, rental strength, and urban renewal make it a compelling choice for investors looking to establish or grow their portfolio in Christchurch.

Current projects