248 Manchester Street, Christchurch central, Christchurch

Welcome to 248 Manchester Street, a unique residential development nestled in the heart of Christchurch City. This exclusive offering presents an unparalleled opportunity to acquire a slice of Christchurch's acclaimed and ever-expanding Central City. There are 25 homes in total in this development, and they are selling fast.

Elegance meets functionality in these meticulously crafted terraces. Enjoy the seamless blend of sleek open-plan interiors and a seamless transition to outdoor spaces, perfect for relaxation and entertainment. Bask in the abundance of natural light that bathes each home, illuminating the contemporary design and premium finishes throughout.

Experience culinary delight with top-of-the-line Smeg appliances. The liveability of these homes extends beyond the interiors, offering picturesque courtyards and, in some instances, generously sized balconies.

Seize the opportunity to secure your place in this well-appointed residential development. With sixteen two-bedroom homes and nine three-bedroom residences available, each exuding modern sophistication and functional elegance, 248 Manchester beckons you to experience the epitome of contemporary urban living.

Completion due Q4 2024

 
 

Location

Nestled within the confines of the four avenues, 248 Manchester Street offers close proximity to all that Christchurch's Central City has to offer. These homes provide easy access to a wide range of shops, dining establishments, and cafes, and are ideally situated within walking distance of the eagerly awaited Te Kaha Stadium, Christchurch's newly built, versatile, and multipurpose arena.

  • Te Kaha Stadium 1.1km

  • Christchurch Hospital 2.0km

  • The Crossing Shopping Precinct 1.1km

  • Christchurch Airport 9.4km

  • Sumner Beach 12.6km






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

Central Christchurch, located in the heart of New Zealand's South Island, offers a compelling case for property investment due to a combination of factors that make it a highly desirable and promising location for investors. The area is buzzing with large-scale infrastructure projects like Te Kaha Stadium, the Metro Sports Complex, and Te Pae Convention Centre, which are bound to boost the local economy and spur growth.

Not only does the Christchurch City Council have a goal of housing 20,000 residents within the four avenues by 2024, but the city's business district is also home to several large-scale infrastructure projects that are sure to fuel the local economy and stimulate growth. These include Te Kaha Stadium, the Metro Sports Complex and Te Pae Convention Centre.

Only a handful of new developments on the market in the Central City truly present excellent value for money, and this is undoubtedly one of them.

The site at 248 Manchester Street, nestled at the bustling intersection of Manchester and Kilmore Street, holds revered status among Christchurch locals. Its prime location places it at the heart of the city's vibrant pulse, making it a focal point for both residents and visitors. The developers were strategic when acquiring this site, recognising its potential for future capital growth. Its proximity to key amenities, businesses, and cultural attractions ensures sustained desirability, making it an attractive prospect for investors and homebuyers alike. 248 Manchester Street is not just a location; it symbolises the city's resilience and potential for a thriving future.


Investment Overview

Strategy: Off the plan Upside: Growth prior to settlement Rent: Unfurnished Deposit: 10% Title: Freehold

Investment Type

Dwelling: Townhouse Growth: High Yield: Moderate Pros: Low maintenance / CCMU Zoned

Suburb Performance

Median sale price 10 years: +82% Median sale price 20 years: +238% Capital growth 10 years: 6.17% Capital growth 20 years: 6.28%