55 Centennial Avenue, Riccarton, Christchurch

Welcome to 55 Centennial Avenue, Riccarton, Christchurch, a sophisticated new development featuring five meticulously designed townhouses. Each offers two spacious bedrooms and two modern bathrooms, including a family-sized bathroom and a master ensuite, as well as a single car parking space for your convenience.

Upon entering, you'll discover an open-plan living, dining, and kitchen area that flows into a private outdoor courtyard, perfect for entertaining or relaxation. The kitchen has premium Samsung stainless steel appliances, a stone benchtop, and a chic tiled splashback, ensuring functionality and style.

Upstairs, each townhouse presents two generously sized bedrooms with ample wardrobe space. The master bedroom includes an ensuite bathroom featuring a sleek tiled shower and a contemporary vanity. The additional family-sized bathroom, centrally located, is designed with modern fixtures and luxurious finishes to enhance your living experience.
These townhouses have all the modern amenities, including keyless entry systems, efficient heat pumps, and window blinds throughout, ensuring comfort and convenience from the moment you move in. Each home also includes a fully fenced backyard, providing a secure and private space for you and your family.

Situated in the vibrant suburb of Riccarton, 55 Centennial Avenue offers an unparalleled living experience with everything you need just moments away. Enjoy the convenience of Westfield Riccarton, Christchurch's premier shopping destination, featuring an extensive range of shops, cafes, and entertainment options.

Hagley Park and the Christchurch Botanic Gardens are nearby for outdoor enthusiasts, providing beautiful green spaces for leisure and recreation. The location is also ideal for families, with top-rated schools such as Riccarton Primary School and Christchurch Boys' and Girls' High School nearby.

The development is well-connected with easy access to public transport and major thoroughfares, making commuting to the CBD or other parts of Christchurch a breeze. Experience the perfect blend of urban convenience and suburban tranquillity at 55 Centennial Avenue, Riccarton.

Completion q2 2025

Location

Nestled in Riccarton, just outside Christchurch CBD, 55 Centennial Avenue offers a serene escape with easy access to the city's highlights. Enjoy nature in Hagley Park or a quick drive to Westfield Riccarton for shopping and dining. Perfect for professionals, families, and students, with a short commute to central Christchurch and proximity to top schools and the University of Canterbury.

• Pak N’ Save Riccarton 1.0km

• University of Canterbury 1.1km

• Christchurch CBD 5.1km

• Hagley Park 6.2km

• Christchurch Airport 7.1km

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

In recent years, Christchurch has undergone a remarkable transformation, driven by extensive reconstruction efforts following the earthquakes of 2010 and 2011. This revitalisation has sparked a surge in construction and infrastructure projects, creating numerous investment opportunities within the residential property market.

Compared to major urban centres like Auckland and Wellington, Christchurch offers a relatively affordable property market. This is particularly advantageous in a high-interest rate environment where entry-level investment in other main cities can be financially challenging for many investors. For example, as of May 2024, the median house price in Christchurch was $678,000, significantly lower than Auckland's $1,212,000 and the national median of $770,000.

Investing in property in suburbs like Riccarton presents a compelling opportunity, mainly due to its convenient access to a wide range of local amenities. Situated in Riccarton, 62 Centennial Avenue provides residents easy access to supermarkets, cafes, restaurants, and recreational areas, all within walking distance or a short commute. This accessibility enhances residents' quality of life and increases the area's desirability for potential tenants and buyers.

Investors considering properties within this development can expect attractive rental yields of up to 4.6%, which is competitive compared to the Christchurch average of around 4.0%.

Current projects