89 Rose Street, Somerfield, Christchurch

Perfectly positioned on Rose Street in the suburb of Somerfield is a subdivision of five modern, contemporary townhouses. Each townhouse offers three spacious double bedrooms, including a master suite with an ensuite bathroom and a generous walk-in wardrobe.

The bespoke kitchens in each townhouse are a standout feature, boasting ample storage, engineered stone benchtops, and an island bench perfect for entertaining. High-quality Bosch appliances enhance the functionality and ease of townhouse living. The kitchens flow seamlessly into the generous open-plan living spaces, making these homes ideal for various buyers, from young professionals to growing families.

Each townhouse includes a single-car garage with internal access, ensuring convenience and security. These homes are designed with buyers in mind and feature private courtyards extending from the open-plan lounge onto private decking areas. The landscaped gardens provide a tranquil oasis with plenty of room for a BBQ and outdoor entertaining furniture.

These townhouses offer a complete package for the discerning home buyer or investor, blending luxury with functionality in a prime Christchurch location. Step into a bit of luxury with these architecturally designed homes at 89 Rose Street and experience the perfect balance of contemporary living and serene surroundings.

completion Q1 2025

Location

The location of 89 Rose Street provides quality education options, within proximity to the Port Hills, and a bike ride away from the vibrant city centre. Easy access to a number of amenities.

• Cashmere High School 800m

• Pioneer Recreation and Sport Centre 800m

• Fresh Choice Barrington 1.7km

• Christchurch CBD 5.2km

• Christchurch Airport 12.4km

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 Somerfield presents a compelling opportunity, mainly due to its convenient access to a wide range of local amenities. Situated on the edge of the central city, Somerfield 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