888 Colombo Street, Christchurch Central, Christchurch

Welcome to 888 Colombo Street, located in the vibrant heart of Christchurch's central city. This distinguished development, positioned around the historic McLean's Mansion, offers seventy-two townhouses ranging from one to three bedrooms.

Among the offerings are seven ground-floor one-bedroom units, forty-four two-bedroom, two-storey units, twelve two-bedroom units featuring attached garages, and nine spacious three-bedroom units spanning three storeys, each accompanied by a garage. This diverse selection ensures there's a perfect fit for every lifestyle preference.

Residents are afforded the convenience of designated car parking or single garages, ensuring ease of transportation and storage. The property also boasts two lush communal green spaces, artfully designed around existing trees, providing tranquil retreats for relaxation and leisure.

Central to fostering a sense of community, a vibrant communal area serves as a hub for social interaction, featuring communal seating and ping pong tables. Here, residents can connect with neighbours and enjoy shared recreational activities.

Each townhouse is adorned with modern interiors and premium finishes inside. The kitchens are equipped with high-quality Smeg appliances, elevating the cooking experience. Tiled bathrooms add a touch of sophistication and practicality, enhancing the overall ambience of the living spaces.

With an equal ratio of bedrooms to bathrooms, every unit offers an optimal living setup, catering to diverse needs. The two-bedroom and three-bedroom units are thoughtfully designed across multiple storeys, maximizing space and comfort for residents.

Experience the epitome of urban living at 888 Colombo Street, where modern amenities, historic charm, and community spirit converge to create an unparalleled residential experience in Christchurch's central city.

Completion Due Q4 2025

Location

888 Colombo Street is located in a prime location which offers unmatched convenience with nearby access to Hagley Park, Riverside Market, and Christchurch's vibrant cultural hub. Along with being in the school zoning for Christchurch Boys High School and Christchurch Girls High School among others.

• Christchurch Town Hall 550m

• Te Kaha Stadium 1.7km

• Fresh Choice Merivale 1.9km

• Christchurch Girls’ High School 2.4km

• Christchurch Airport 9.7km

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

Central Christchurch offers an enticing investment prospect for several reasons. Firstly, compared to other major centres in New Zealand, property prices in Christchurch, especially within or around the Central Business District, remain relatively affordable. For example, at the beginning of 2024, the average house price in Christchurch stood at $690,000, notably lower than Auckland's $1,280,000 and the national median of $802,000. 

One investment opportunity that stands out is 888 Colombo Street, which is still some time away from completion. Properties within this development offer excellent value compared to similar options on the market. For example, comparable two-bedroom homes in a neighbouring development are listed for $100,000 more. 

The current economic climate, coupled with the anticipated completion of 888 Colombo Street by the end of 2025, presents a unique investment window. Purchasing off the plan allows investors to capitalise on competitive prices now, deferring the mortgage drawdown until settlement in late 2025. Forecasts indicate a potential decrease in interest rates later this year, enhancing the appeal of investing in a development that is still some time away from completion. 

Moreover, Christchurch's Central City is undergoing significant revitalisation, with projects such as Te Kaha Stadium, a state-of-the-art facility costing $680,000,0000, currently in construction alongside other infrastructure developments. These projects are poised to enhance not only the appeal and value of Christchurch Central but also the entire city for years to come. 

Current projects