32 Melrose street, Christchurch Central, Christchurch
In the dynamic Christchurch City Centre, 32 Melrose Street redefines urban living with a thoughtful combination of elegance and sustainability. Crafted by the distinguished Ben Pentreath Architects of London, these cottage homes merge timeless design elements with environmentally conscious features, offering a peaceful escape within a lively city landscape.
Each residence is meticulously designed with refined touches that evoke a classic cottage feel, from generous skirtings and architraves to a warm, neutral colour scheme. Premium materials—such as low-VOC paint, durable tile flooring, wool carpets, and insulation—are standard, underscoring a dedication to quality and eco-friendly living.
Living at 32 Melrose Street puts you right in the centre of Christchurch’s best amenities. Step outside and discover an array of popular cafes, shops, and recreational opportunities—all within easy walking distance. 32 Melrose Street presents an unmatched opportunity in urban sophistication and sustainable living for those seeking a home that combines style with practicality or an investment that captures city vibrancy.
Completion Due Q4 2025
Location
Positioned in one of Christchurch’s most desirable areas, 32 Melrose Street provides exceptional convenience and connectivity. Residents are just moments from Hagley Park, ideal for outdoor recreation and relaxation, and Riverside Market, a lively hub offering fresh local produce, eateries, and boutique shopping.
Te Kaha Stadium 1.6km
Ara Institute of Canterbury 2.0km
Fresh Choice Merivale 2.7km
Christchurch Hospital 2.9km
Christchurch Airport 10.0km
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.
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 32 Melrose Street, a boutique development of six colonial style terraced homes in Christchurch’s Central City, with prices ranging from $679,000 - $750,000. Situated moments from the new Te Kaha Stadium, this project positions residents at the epicenter of Christchurch’s evolving urban landscape. Only 2 kilometres 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 32 Melrose Street are 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%