2 Everard Street, Somerfield, Christchurch

Welcome to 2 Everard Street, Somerfield, where meticulously designed spaces prioritize efficacy, intelligence, and functionality. This commitment ensures that every resident can effortlessly transform their living environment into a home tailored to their unique lifestyle.

On the ground floor of each unit, you'll encounter a contemporary kitchen integrated into an open-plan layout. These kitchens are equipped with top-tier tristone benchtops and high-quality appliances. The seamless transition from the living area to the outdoors enhances the overall sense of space and connection. Additionally, a convenient powder room and discreetly positioned laundry are thoughtfully included for your ease and comfort.

Venturing upstairs, you'll discover well-appointed bedrooms, bathrooms, and built-in wardrobes. The bedrooms offer generous proportions and come complete with their very own integrated study nook, making them ideal for individuals who work or study from the comfort of their home.

Each unit also boasts a private, low-maintenance outdoor area that faces north, creating the perfect setting for outdoor entertainment.

Completion due Q3 2024

Location

With a top-notch location between Central Christchurch and the scenic Port Hills, this development offers a fantastic lifestyle for city dwellers. All the amenities including a sizeable mall are within a short walk of the development, and the city centre is easily accessible.

• Barrington Mall 100m

• Fresh Choice 100m

• Barrington Park 750m

• CBD 3.9km

• Port Hills 5km

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

Christchurch has experienced strong economic growth in recent years. In addition, the city has undergone significant rebuilding and rejuvenation following the 2010 and 2011 earthquakes, resulting in a surge in construction and infrastructure development. This growth has created numerous investment opportunities across various sectors, including residential, commercial and industrial properties.

The Christchurch property market has remained affordable relative to other main centres. Property prices in major cities like Auckland and Wellington are out of reach for many investors and first-home buyers; Christchurch offers comparatively affordable price options. For example, as of March 2023, the median house price in Christchurch was $690,000 compared with $1,390,000 in Auckland and $835,000 across New Zealand.

Christchurch’s robust rental market is primarily driven by its thriving local economy. As a result, investors looking to purchase at 2 Everard Street can expect to achieve rental yields between 4.0% - 4.5% depending on their chosen unit and price point. In addition, each home is fully turn-key and will be ready to move in on settlement.

Current projects