16 Moule Street, Addington, Christchurch

Welcome to 16 Moule Street, Addington, where modern design meets suburban comfort in a sought-after location. This exclusive development comprises four beautifully crafted townhouses, each thoughtfully designed to offer space, functionality, and style.

Units one, two, and three boast three bedrooms and two bathrooms, with unit two offering an additional ground-floor toilet for added convenience. These townhouses also feature a study nook on the upper floor, perfect for those who work from home or need a quiet space for productivity. Unit four offers a slightly more compact design, with two bedrooms and two bathrooms, making it an excellent option for smaller families or those seeking a low-maintenance lifestyle. All units come complete with a single garage for secure parking.

The ground floor features an inviting open-plan living space, ideal for family gatherings or entertaining guests. Upstairs, the bedrooms and bathrooms provide a peaceful retreat, with each townhouse perfectly balancing shared living spaces and personal privacy.

Each home opens to a private backyard with a deck and grass area, offering the perfect spot for outdoor relaxation or summer barbecues. Whether you're a homeowner looking for a spacious, low-maintenance property or an investor seeking a desirable rental, 16 Moule Street offers the perfect combination of modern living and suburban convenience in the heart of Addington.

completion Q1 2025

Location

Nestled in a quiet cul-de-sac just 900m from Wolfbrook Arena, 16 Moule Street offers the perfect balance of tranquility and convenience. Located within 4km of Christchurch's vibrant central city, this prime spot provides easy access to a wide array of amenities. Whether you're attending events at the arena, working nearby at the hospital, shopping at Riccarton Mall, or commuting to the central city, this location is ideal for professionals and families alike.

• Wolfbrook Arena 260m

• Westfield Riccarton 2.4km

• Christchurch Hospital 2.9km

• Christchurch Central 3.9km

• Christchurch Airport 9.4km

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 Analysis

In recent years, Christchurch has undergone a remarkable transformation, driven by extensive reconstruction efforts following the earthquakes of 2010 and 2011. This revitalisation has sparked a surge in construction and infrastructure projects, creating numerous investment opportunities within the residential property market.

Compared to major urban centres like Auckland and Wellington, Christchurch offers a relatively affordable property market. This is particularly advantageous in a high-interest rate environment where entry-level investment in other main cities can be financially challenging for many investors. For example, as of May 2024, the median house price in Christchurch was $678,000, significantly lower than Auckland's $1,212,000 and the national median of $770,000.

Investing in property in suburbs like Addington 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, Addington 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.

Investors considering properties within this development can expect attractive rental yields of up to 4.7%, which is competitive compared to the Christchurch average of around 4.0%.

Current projects