867 Colombo Street, Christchurch Central, Christchurch
Nestled in the vibrant heart of Christchurch City Centre, 867 Colombo Street represents the epitome of sophisticated urban living, brought to life by the esteemed Ben Pentreath Architects of London. These charming Cottage Homes blend timeless design with modern sustainability, offering an idyllic retreat amidst the city's bustling energy.
Designed with both style and comfort in mind, the interiors of these homes complement their elegant exteriors. Thoughtful details such as large skirtings and architraves create a classic cottage ambiance, while the neutral color palette ensures a warm and inviting atmosphere. Each home is crafted using only the finest materials, with low-VOC paint, tiled flooring, wool carpets, and wool insulation, all included as standard features, reflecting a commitment to quality and sustainability.
Living at 867 Colombo Street means having the best of Christchurch right on your doorstep. A short stroll will take you to a variety of popular eateries, retail stores, and recreational activities, making this location perfect for those who crave convenience and a lively urban lifestyle. Whether you're looking for your next home or a valuable investment property, 867 Colombo Street offers an unparalleled combination of elegance, sustainability, and city living.
Completion Due Q3 2025
Location
867 Colombo Street is located in a prime location which offers convenience with nearby access to Hagley Park, Riverside Market, and Christchurch's vibrant cultural hub. Along with being in the school zoning for Burnside High School, Christchurch Boys High School and Christchurch Girls High School among others.
Fresh Choice Merivale 2.0km
Te Kaha Stadium 1.7km
Ara Institute of Canterbury 1.9km
Christchurch Hospital 2.1km
Christchurch Airport 9.2km
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 revitalization 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 February 2024, the median house price in Christchurch was $690,000, significantly lower than Auckland's $1,280,000 and the national median of $802,000.
Investing in property in suburbs like Christchurch Central presents a compelling opportunity, mainly due to its convenient access to a wide range of local amenities. Situated in the central city, 867 Colombo Street 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.
Investment Overview
Strategy: Off the plan Upside: Growth prior to settlement Rent: Unfurnished Deposit: 10% Title: Freehold
Investment Type
Dwelling: Townhouse Growth: High Yield: Moderate Pros: Capital gains before settlement + Low maintenance living
Suburb Performance
Median sale price 10 years: 73% Median sale price 20 years: 174% Capital growth 10 years: 5.66%
Capital growth 20 years: 5.17%