266 Kilmore Street, Christchurch Central, Christchurch

Welcome to 266 Kilmore Street, a captivating development that redefines colonial-style living. This development completely differs from anything we have marketed at The Property Factory in the past. 

Nestled within this remarkable collection are eight enchanting colonial-style homes, gracefully priced from $799,000, offering great value for your investment.

Step into the inviting foyer, where warmth and comfort surround you, setting the tone for the rest of the house. To your left, you will find a well-appointed kitchen and dining area boasting abundant space, premium finishes, and top-tier appliances. Walk through the foyer to find a beautiful living space, seamlessly extending to your own private courtyard—a haven for relaxation or social gatherings. 

Spanning three levels, each residence within this development encompasses 3 generously proportioned bedrooms and 2.5 bathrooms.

Ascend the staircase from the foyer to encounter two well sized bedrooms on the first floor, accompanied by a bathroom adorned with elegant heritage-style flooring. What sets these homes apart is their distinct character; each one exudes charm, ensuring a warm and inviting living experience. 

Journey to the third floor to discover the main bedroom, complete with its private ensuite - a tranquil oasis that promises serenity. The main bedroom epitomises seclusion, offering a sanctuary that feels like a private wing within the home. These homes also include solar panels located on the roof.

Completion Due Q3 2025

Location

266 Kilmore Street is located in a prime location which offers unmatched convenience in the heart of the central city. Local amenities, public transport links and public recreation spots only a short walking distance away.

• New World Stanmore 1.3km

• Te Kaha Stadium 1.3km

• Ara Institute of Canterbury 1.6km

• Christchurch Hospital 2.3km

• Christchurch Airport 11km

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 revitalization 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 February 2024, the median house price in Christchurch was $690,000, significantly lower than Auckland's $1,280,000 and the national median of $802,000.

Investing in property in suburbs like Christchurch Central presents a compelling opportunity, mainly due to its convenient access to a wide range of local amenities. Situated in the central city, 266 Kilmore Street 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 4.51%, which is competitive compared to the Christchurch average of around 4.0%.

Current projects