56-60 Grafton Street, Waltham, Christchurch

Welcome to 56-60 Grafton Street, Waltham, where thoughtful design meets vibrant living! This exclusive property development offers a range of units tailored to your needs and desires, providing a perfect blend of comfort, style, and convenience.

Unit 1 at 56-60 Grafton Street is a standout with its prime street interface and dual entry points, offering unparalleled accessibility. This unit features three bedrooms and two bathrooms meticulously arranged to optimise space utilisation. The square layout ensures a balanced and efficient use of every corner, enhancing the overall living experience.

The two-bedroom units are ideal for those seeking a cosy yet spacious living space. With thoughtfully planned layouts and generous outdoor areas capturing either the noon or morning sun, these units offer a perfect blend of indoor comfort and outdoor enjoyment. Additionally, one of the two-bed units has the bonus of an internally accessed garage, adding extra convenience to your lifestyle.

If privacy and autonomy are priorities for you, the standalone two-bedroom unit with generous outdoor spaces is an excellent find. With no attached neighbours, you can enjoy tranquillity and freedom while relishing in Waltham's vibrant community.

The excellent one-bedroom unit provides ample living and dining areas for those desiring a more intimate setting, perfect for relaxation and entertainment. With ample outdoor spaces for gardening or enjoying the sunshine, these units offer a cosy retreat in the heart of Christchurch city.

Whether you're a young professional, a couple, or a small family, our diverse range of units caters to your lifestyle needs, ensuring you find your perfect home in this vibrant community. Take advantage of the opportunity to experience the best urban living at 56-60 Grafton Street.

completion due Q1 2025

Location

Located in the thriving Waltham area, 56-60 Grafton Street offers connectivity to public transport, making commuting to the CBD and other parts of the city a breeze.

• Countdown Moorhouse Avenue 1.9km

• The Colombo 2.3km

• Christchurch CBD 2.7km

• Hagley Park 4.5km

• Christchurch Airport 12.9km

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.

56-60 Grafton Street in Waltham offers a unique investment opportunity. It boasts gross yields of up to 5.2% and is priced between $549,000 and $599,000 for a two-bedroom property showcasing a development under the $600,000 range.

This small development, which consists of just eight units, sees weekly rent ranging from $530 to $570, depending on the specific unit, making it an affordable option for tenants in the area. Being a city fringe suburb, this will appeal to professionals working in or around the city.

As of April 2024, the median house price in Waltham is $546,000, compared to $695,000 in Christchurch and $805,000 across New Zealand. Securing a property below the city median price in Waltham presents a promising growth opportunity. Notably, Waltham’s median price is currently just $6,000 under the suburb’s peak of $550,000 in 2022, indicating a recovery to less than 1% below its highest value. This trend demonstrates the suburb’s substantial potential for continued growth.

This development is due to be completed around the first quarter of 2025. This creates an opportunity to purchase the development at a lower price while allowing the interest rates to decrease by settlement. Buying off the plan can present a chance to make capital gains over the build when prices slowly recover and increase.

Current projects