344 Gloucester Street, Linwood, Christchurch

Welcome to 344 Gloucester Street, a contemporary collection of sixteen thoughtfully designed homes just east of Christchurch Central. This quality development features a mix of two and three-bedroom homes to suit a variety of lifestyles and needs. With Te Kaha Stadium set to open nearby in 2026 and major infrastructure upgrades revitalising the area, this location offers both convenience and future growth potential.

Each home has been crafted with modern living in mind. The two-bedroom homes feature an open-plan ground floor with living, dining, and L-shaped kitchens fitted with sleek stone benchtops and premium Smeg appliances, while the bedrooms and bathrooms are tucked away upstairs for privacy. The three-bedroom homes offer additional flexibility, with a ground-floor master bedroom and ensuite, internal-access single garage, and upstairs accommodation that includes two more bedrooms, a bathroom, and a study making these perfect for families or professionals needing a work from home setup.

Finished with vertical Western Red Cedar weatherboards and the Resene Rockcote cladding system, these homes are not only built to last but are visually striking. Each includes full landscaping, blinds, alarm, washer/dryer, and two heat pumps, one in the living area and one upstairs, making them truly move-in ready. Whether you’re a homeowner or investor, 344 Gloucester Street offers smart design, enduring quality, and unbeatable city-fringe living.

completion due q2 2026

Location

Located just east of Christchurch’s city centre, 344 Gloucester Street enjoys excellent proximity to the CBD, Eastgate Mall, and key public transport routes. The area is undergoing steady revitalisation, with improved infrastructure, upgraded amenities, and the upcoming Te Kaha Stadium set to further boost appeal. With parks, schools, and river walkways nearby, Linwood offers both lifestyle and convenience in a central, high-growth location.

• Ara Institute of Canterbury 1.2km

• Te Kaha Stadium 850m

• Riverside Market 1.7km

• Christchurch Hospital 2.5km

• Christchurch Airport 10.7km

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 Overview

Situated just east of Christchurch’s CBD, 344 Gloucester Street offers investors access to a prime central location with ongoing urban uplift. Linwood’s median sale price is around $530,000, down slightly from last year, but long-term capital growth remains steady at 5.3% over twenty years . A strong rental market sees median weekly rents near $470. This development is expected to return a weekly rent of between $535 and $635 and a yield of around 4.4%-4.5%. About 56% of residents in Linwood opt to rent, pointing to enduring tenant demand.

The suburb has been revitalizing with infrastructure improvements, including the transformation of Stanmore Road into Linwood’s urban village and upgraded amenities around Eastgate Mall, bolstering local appeal. Future growth is supported by the nearby Te Kaha Stadium scheduled to open in April 2026, reinforcing Linwood’s appeal alongside the rollout of improved public transport, cycleways, and community facilities.

Residents benefit from a rich community ecosystem, Linwood Park, Eastgate, Linwood College, and convenient routes into the CBD, providing comfort for tenants and strong resale value potential. While some parts of Linwood hold a mixed reputation, east of Linwood Avenue, close to key amenities including the Heathcote River walkways has seen rising in popularity.

Overall, 344 Gloucester Street offers investors a low-entry, high-yield opportunity in a centrally located, evolving suburb. With stable capital appreciation, robust rental demand, and substantial publicly funded upgrades underway, this property is a solid choice for portfolio growth.

Current projects