45 Champion Street, Edgeware, Christchurch

45 Champion Street presents a boutique development of eight architecturally designed townhouses, crafted for modern, low-maintenance living in a prime city-edge location. Each home features two bedrooms and two bathrooms, complemented by an open-plan living area on the ground floor that flows effortlessly to a private landscaped backyard complete with a deck, fencing, clothesline, letterbox, and plantings. Off-street parking is provided for every unit, while a communal bike shed services homes three to eight, and individual sheds are available for units one and two.

The thoughtful layouts cater to a range of lifestyles, with most homes offering bedrooms upstairs, one with an ensuite and the other serviced by a full family bathroom. Unit eight offers added flexibility with a study, plus a ground-floor bedroom and ensuite for ultimate convenience. Kitchens are designed in a functional L-shape, while modern finishes, tiled bathrooms, and private outdoor spaces create homes that are as stylish as they are practical.

completion due TBC

Location

Set in the heart of Edgeware, these homes are just minutes from Christchurch’s CBD, making commuting and city access effortless. With local shops, schools, and cafes nearby, residents enjoy the convenience of urban living paired with the comfort of a well-connected suburban neighbourhood.

• New World Stanmore 1.0km

• Parewa Banks Avenue School 1.6km

• Cathedral Square 2.6km

• Mairehau High School 3.0km

• Te Kaha Stadium 3.0km

• Christchurch Airport 10.6km

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

45 Champion Street in Edgeware presents an attractive investment opportunity in a well-connected suburb just minutes from Christchurch’s CBD. With capital growth averaging 4.74% over the past decade and 4.75% over the last 20 years, Edgeware has shown consistent long-term performance.

The suburb’s central location provides excellent access to workplaces, education providers, and lifestyle amenities, while arterial routes, public transport links, and the city’s expanding cycleways make commuting quick and convenient.

As Christchurch continues its urban regeneration, major projects such as the $683 million Te Kaha Stadium are set to further enhance the city’s appeal and drive long-term value growth.

From an investment standpoint, the numbers stack up well. Edgeware’s median house price currently sits at $620,000, yet these homes are priced below that at $599,000–$609,000, providing buyers with immediate value. Rental fundamentals are also strong, with a suburb median rent of $510 per week and this development appraised at $520–$580 per week, translating to gross yields between 4.7% and 4.8%. This aligns with rising demand for modern, low-maintenance rentals close to the central city, catering to a wide tenant base of professionals, students, and families. With settlement due when interest rates are forecasted to be lower, investors can secure today’s pricing while positioning themselves to benefit from both improved cashflow and long-term capital appreciation.

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