291-293 Hereford Street, Christchurch Central, Christchurch
Located in the heart of Christchurch Central, 291-293 Hereford Street presents a stunning development of eleven two-bedroom townhouses ideally suited for first-home buyers, couples, and investors. These two-storey homes are thoughtfully designed, offering a seamless blend of style and functionality. The open-plan living and kitchen area flows effortlessly into the outdoor space, creating a comfortable environment for relaxation and entertainment.
Each townhouse has neutral décor, quality fixtures, and fittings, providing a modern and inviting atmosphere with the ability to add your flair. Townhouses one through three come with a larger storage cupboard upstairs, ensuring practicality is not compromised. The living area is on the ground floor, with both bedrooms and the bathroom on the first floor, offering a well-planned layout for privacy and convenience.
Set within the main avenues of Christchurch, this prime location offers abundant amenities and recreational opportunities. Enjoy easy access to Margaret Mahy Playground and the picturesque Hagley Park while being minutes away from supermarkets, shopping centres, and some of Christchurch's best eateries and restaurants. With fully landscaped surroundings, these homes offer exceptional value in a vibrant, sought-after area.
Completion Due Q2 2025
Location
291-293 Hereford 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.
Te Kaha Stadium 650m
Ara Institute of Canterbury 700m
New World Durham Street 2.0km
Christchurch Hospital 2.1km
Christchurch Airport 11.0km
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
Opportunities within Christchurch’s four avenues, the heart of the central business district, are not to be overlooked—especially when they come at such competitive price points and from one of New Zealand’s most reputable developers.
Introducing 291-293 Hereford Street, a boutique development of eleven terraced homes in Christchurch’s Central City, with prices ranging from $569,000 to $599,000. Situated just 300 meters from the new Te Kaha Stadium, this project positions residents at the epicenter of Christchurch’s evolving urban landscape. Only 1 kilometer from The Terrace and various shopping precincts, this development offers convenience and vibrant city living at an accessible price point.
Christchurch’s Central City is bordered by the four avenues, restricting the availability of land for new residential developments in the Central Business District. This scarcity contrasts with the ample opportunities in suburban areas, creating upward pressure on property values within the CBD. As the city's population continues to grow, the demand for inner-city living is expected to rise, further driving appreciation in property prices.
The city has experienced a resurgence in recent years, with ongoing infrastructure projects poised to transform the CBD into a thriving hub. Key developments include the Te Pae Christchurch Convention Centre, expected to draw international business and tourism, and the Christchurch Metro Sports Facility, which will enhance community and recreational offerings. These projects, along with the expansion of cycleways, public transport enhancements, and streetscape improvements under the Central City Recovery Plan, underscore the city’s long-term potential as an attractive place to live, work, and invest.
Now is the time to secure your place in Christchurch’s future. With prime locations like 291-293 Hereford Street becoming increasingly scarce, these homes offer a rare opportunity to invest in the heart of a city on the rise.
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: Capital gains before settlement + Low maintenance living
Suburb Performance
Median sale price 10 years: 73% Median sale price 20 years: 174% Capital growth 10 years: 5.66%
Capital growth 20 years: 5.17%