15 cargill place, richmond, Christchurch

Introducing 15 Cargill Place, a collection of architecturally designed townhouses that combine modern style with low-maintenance ease. Each home features two well-sized bedrooms with built-in wardrobes and two beautifully tiled bathrooms, including a master ensuite that adds a touch of everyday luxury. With its sleek Gull Grey exterior, dark brick accents, and signature high-quality finish, this development is both timeless and contemporary.

The open-plan living and kitchen area is designed for relaxed modern living, boasting engineered stone benchtops, quality appliances, and warm natural oak flooring. Sliding doors extend the living space outdoors to a private, sun-filled courtyard, ideal for morning coffee or evening entertaining. Units one to three and unit five include a secure car park, while unit four enjoys the added bonus of an internal-access garage. Together, these homes offer an exceptional opportunity for first-home buyers, downsizers, or savvy investors seeking both lifestyle and lasting value.

completion due Q2 2026

Location

Located in Richmond, these homes offer easy access to Christchurch’s CBD and the local shopping and dining within The Palms. With local shops, schools, and lifestyle hubs nearby, residents enjoy the convenience of urban living paired with the comfort of a well-connected suburban neighbourhood.

• Shirley Intermediate School 750m

• The Palms Shopping Centre 800m

• New World Stanmore 1.6km

• Te Kaha Stadium 4.1km

• Christchurch Hospital 6.4km

• Christchurch Airport 12.9km

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

15 Cargill Place in Richmond presents an attractive investment opportunity in a well-connected suburb close to Christchurch’s CBD. With capital growth averaging 7.1% over the past decade and 4.9% over the last 20 years, Richmond has shown consistent long-term performance.

The suburb’s central location provides excellent access to workplaces, education providers, and lifestyle amenities, while arterial routes, public transport links, and the city’s expanding cycleways make commuting quick and convenient.

As Christchurch continues its urban regeneration, major projects such as the $683 million Te Kaha Stadium are set to further enhance the city’s appeal and drive long-term value growth. Our partner company, Thrive Investment Partners talks more about the significance of the stadium here.

From an investment standpoint, the numbers stack up well. Richmond’s median house price currently sits at $605,000, yet majority of these homes are priced below that at $569,000–$579,000, providing buyers with immediate value. Rental fundamentals are also strong, with a suburb median rent of $500 per week and this development appraised at $550–$580 per week, translating to gross yields between 4.71% and 5.02%. This aligns with rising demand for modern, low-maintenance rentals close to the central city, catering to a wide tenant base of professionals, students, and families. With settlement due when interest rates are forecasted to be lower, investors can secure today’s pricing while positioning themselves to benefit from both improved cashflow and long-term capital appreciation.

Current projects