404 Colombo Street, Sydenham, Christchurch

Positioned on the corner of Colombo and Wordsworth Streets, this development offers 18 thoughtfully designed homes in one of Sydenham’s most connected urban locations. Spread across three levels, the project features a mix of studio, one-bedroom, and two-bedroom layouts, providing flexible living options for both owner-occupiers and investors. The development sits on commercial-zoned land, giving buyers the unique ability to short-term or long-term rent, enhancing its investment appeal.

Each floor comprises nine modern units, including a studio, two two-bedroom homes, and six one-bedroom residences, all crafted with quality finishes that elevate everyday living. Select one-bedroom homes and all two-bedroom units include a secure car park, delivering convenience often hard to find in central Christchurch developments. Inside, residents will enjoy the sophistication of stone benchtops paired with reliable Panasonic and Arisit appliances.

A standout feature of this offering is the communal rooftop outdoor living area, creating a private retreat in the heart of the city. Whether used for relaxing, socialising, or simply taking in the surrounding neighbourhood views, it adds a valuable lifestyle layer to the development. With its prime position, flexible zoning, and quality construction, 404 Colombo Street presents a rare opportunity to secure adaptable, low-maintenance living in a thriving urban hub.

completion Due Q1 2027

Location

Situated in the lively heart of Sydenham, the development enjoys immediate access to local cafés, shops, supermarkets, and public transport along Colombo Street. The CBD is only minutes away, while the neighbourhood continues to grow with new hospitality, retail, and commercial offerings. Its position on a major city corridor ensures excellent connectivity, making it an attractive location for convenient, modern urban living.

• The Colombo 150m

• Grizzly Baked Goods 280m

• New World Durham Street 950m

• Cathedral Square/ Convention Centre 1.5km

• Christchurch Hospital 2.0km

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 Overview

404 Colombo Street presents a compelling investment opportunity in the fast-growing suburb of Sydenham, one of Christchurch’s most dynamic fringe-CBD locations. With capital growth averaging 4.87% over the past 10 years and 5.10% over 20 years, Sydenham has demonstrated strong and consistent performance. The development offers a mix of studio, one-bed, and two-bedroom apartments priced between $399,000 and $599,000, sitting well below the suburb’s median sale price of $585,000. This price positioning provides immediate value uplift potential, especially as the area continues to experience regeneration and increased demand for high-quality, low-maintenance living close to the city.

A standout advantage of this project is its placement on commercially zoned land, enabling flexibility for both long-term residential tenancies and short-term accommodation, a rarity in Christchurch’s new-build market. Investors can tailor their strategy based on demand and yield preferences, with Sydenham’s proximity to the CBD, strong commuter flow, and growing visitor numbers supporting both rental pathways. Short-term accommodation is particularly attractive given the location’s walkability to shops, cafes, dining, and entertainment, while long-term tenants value the convenience of being just minutes from the central city.

Infrastructure and amenity investment across Christchurch further strengthens the case. The ongoing development of Te Kaha Stadium, set to become a major events and sports anchor for the region, is expected to inject significant economic activity and increase accommodation demand in surrounding suburbs like Sydenham. Our partner company, Thrive Investment Partners talks more about the significance of the stadium here.

Strong transport links, arterial routes, cycleways, and improved public transport networks enhance daily commuting, while nearby supermarkets, gyms, medical centres, and boutique retail along Colombo Street create a highly liveable urban environment. With affordable entry pricing, proven long-term capital growth, and dual-strategy rental versatility, 404 Colombo Street stands out as a strategic addition to any property investment portfolio.

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