62 Centennial Avenue, Riccarton, Christchurch

Introducing 62 Centennial Avenue, Riccarton, Christchurch, a contemporary development featuring architecturally designed townhouses crafted for comfortable living in an unbeatable location. Nestled in the heart of Riccarton, residents enjoy seamless access to a wealth of amenities, including cafes, Canterbury University, Christchurch CBD, and prestigious local schools.

Comprising twelve thoughtfully designed two-bedroom homes offering one or two bathrooms, it presents modern living at its finest. The ground floor welcomes you with inviting open-plan spaces, seamlessly connecting indoor and outdoor living areas through sliders leading to private outdoor decks. The kitchens boast high-quality Samsung appliances, ensuring both style and functionality, while climate control can be effortlessly managed with Samsung heat pumps installed throughout.

Two generously sized double bedrooms await upstairs, accompanied by a bathroom and ample wardrobe space. Units 1, 4, 5, 10, 11 and 12 feature the added convenience of ensuites, enhancing everyday comfort and convenience.

This development prioritises amenities with dedicated off-street parking for each unit and a state-of-the-art keyless front door system, providing ease and security for residents.

Discover modern living with 62 Centennial Avenue, where comfort, convenience, and quality converge to create the perfect place to call home or invest in Riccarton, Christchurch.

Completion q4 2024

Location

Nestled in Riccarton, just outside Christchurch CBD, 62 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 900m

• University of Canterbury 1km

• Christchurch CBD 3.9km

• Hagley Park 5.6km

• Christchurch Airport 6.9km

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.

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