76-78 Harman street, Addington, Christchurch

Discover Modern Living at Its Best in Addington, Christchurch

Nestled in the heart of Addington, one of Christchurch's most up-and-coming suburbs, this exciting two-story townhouse development offers eight modern contemporary townhouses at 76-78 Harman Street. It offers a lifestyle that's second to none. Just a two-minute stroll from Hagley Park, you can take a leisurely walk along the park to reach the bustling Riverside Markets and Oxford Terrace.

These spacious, light-filled townhouses are designed with your comfort in mind, offering two or three bedrooms and one to two bathrooms, with the convenience of garaging available. Each townhouse is crafted with quality materials and a neutral color palette—kitchens with generous storage, engineered stone benchtops, and a designer touch alongside Bosch appliances and open living and dining spaces. Living so close to town has never looked this good!

The three-bedroom units have the added luxury of an ensuite bathroom.

The local area has a wealth of amenities within walking distance, including the central city, Hagley Park, and numerous Addington cafes and shops.

These townhouses offer the ideal combination of style, convenience, and comfort. Take your chance to make this vibrant community your new home.

completion due Q4 2024

Location

76-78 Harman Street is ideally located in the popular area of Addington and within close proximity to both Christchurch CBD and Hagley Park. The townhouses are surrounded by established amenities including Tower Junction, Lincoln Road cafes and eateries, The Court Theatre, and various supermarkets.

• Christchurch Hospital 1.5km

• Christchurch CBD 2.1km

• Tower Junction 2.4km

• University of Canterbury 4.4km

• Christchurch International Airport 9.9km

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

Christchurch has experienced strong economic growth in recent years. In addition, the city has undergone significant rebuilding and rejuvenation following the 2010 and 2011 earthquakes, resulting in a surge in construction and infrastructure development. This growth has created numerous investment opportunities across various sectors, including residential, commercial and industrial properties.

The Christchurch property market has remained affordable relative to other main centres. Property prices in major cities like Auckland and Wellington are out of reach for many investors and first-home buyers; Christchurch offers comparatively affordable price options. For example, as of March 2023, the median house price in Christchurch was $690,000 compared with $1,390,000 in Auckland and $835,000 across New Zealand.

Investors looking to purchase within this development can expect to achieve rental yields of up to 4.9%, which is a very attractive prospect. Similar properties are currently yielding at roughly 4.0%. Not only that, but homes within this development are priced circa $100,000 below similar developments on the market. This affordability allows first-home buyers the opportunity to secure a comfortable and convenient home without breaking the bank. At the same time, investors can look to unlock equity and seize an opportunity for potential capital growth.

Current projects