149 Purchas Street, Edgeware, Christchurch

Welcome to 149 Purchas Street, a brand-new boutique development offering a thoughtfully designed collection of nine homes in the heart of Edgeware, Christchurch. Comprising eight two-bedroom, two-bathroom homes and one one-bedroom, one-bathroom home, each residence comes with a designated off-street car park and a fee simple freehold title. Designed by leading architects, the homes feature high-quality finishes throughout, including Fisher & Paykel appliances, keyless entry, master ensuites, and full Healthy Homes compliance for year-round comfort and peace of mind.

Perfectly positioned, 149 Purchas Street places you within easy reach of Christchurch’s vibrant city centre, offering a dynamic mix of dining, shopping, and entertainment options just minutes from your door. Nature lovers will appreciate the proximity to Hagley Park, ideal for weekend strolls, sports, or picnics, while local cafés such as Little Pomeroy’s provide cozy spots to relax and enjoy a coffee. With its welcoming community feel and laid-back vibe, Edgeware is a suburb that perfectly balances urban convenience with lifestyle appeal.

Whether you’re a first-home buyer, investor, or someone looking to downsize without compromise, this is a rare opportunity to secure a stylish, low-maintenance home in one of Christchurch’s most accessible locations. With only nine homes available, 149 Purchas Street combines modern design, practicality, and an unbeatable location, the perfect place to call home.

Completion Due Q4 2025

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 a property at 149 Purchas Street, Edgeware, presents a unique and strategic opportunity for both seasoned and first-time investors. Located just on the fringe of Christchurch’s revitalised city centre, Edgeware offers all the benefits of inner-city living with the charm of a well-established, community-oriented suburb.

Christchurch's property market continues to offer strong relative affordability, with the average house price sitting at approximately $700,000 in March 2025, significantly lower than Auckland’s $1,330,000 and even the national median of around $795,000. This price differential highlights Christchurch, and particularly its inner-city suburbs like Edgeware, as offering excellent value for investors seeking high-quality assets with strong growth potential.

Edgeware’s location enhances its investment appeal considerably. Residents enjoy easy access to a wide range of amenities including supermarkets, local eateries, cafes like the popular Little Pomeroy’s, and large recreational spaces such as Hagley Park. The suburb's walkability and proximity to public transport links ensure a high level of convenience for tenants and owner-occupiers alike, further boosting rental demand. As the central city continues to redevelop, including major projects like the $680 million Te Kaha Stadium and surrounding infrastructure improvements, Edgeware is poised to benefit significantly from increased inner-city vibrancy and rising property values. These developments not only enhance the area's liveability but are expected to drive greater economic activity, population growth, and sustained demand for quality housing close to the CBD.

Investors can expect rental yields of up to 5.0%, well above Christchurch’s average yield of around 4.0%, providing attractive cash flow potential. Combined with the prospect of capital growth fueled by Christchurch’s continued expansion and urban renewal, a property at 149 Purchas Street represents a smart, future-proof investment with both immediate returns and long-term upside.

Current projects