Bellgrove, Rangiora, Canterbury
Welcome to Bellgrove, a premier 65-hectare development in North East Rangiora, extending gracefully from Kippenberger Ave North towards Coldstream Road.
Designed with diversity, Bellgrove aims to provide living spaces and choices that cater to all, fostering a serene and picturesque neighbourhood for residents to cherish. A thoughtfully crafted network of cycle and walkway pathways meanders along the main road corridor, weaving through reserves, esplanades, and stormwater basin areas.
Strategically located, Bellgrove ensures convenient access to various shopping and recreation destinations, with key locations such as the High School, Golf Course, Mainpower Stadium, and vibrant High Street shopping area all within walking distance.
Covenants and building guidelines are in place to uphold the quality of Bellgrove's development to safeguard your investment and enhance property values. Welcome home to Bellgrove – where quality living meets limitless possibilities.
Available packages
Lot 58 Bellgrove: $758,000*
3 Bedrooms, 2.5 Bathrooms, Double Garage
Floor Plan 152 sqm
Section 378 sqm
Expected completion: 8 Months Following Unconditional
*Note: Progress Payment Price, Turn-Key Price Available.
Lot 57 Bellgrove: $805,000*
4 Bedrooms, 2.5 Bathrooms, Double Garage
Floor Plan 170 sqm
Section 378 sqm
Expected completion: 8 Months Following Unconditional
*Note: Progress Payment Price, Turn-Key Price Available.
Investment Overview
Embarking on property investment within the Waimakariri District presents a compelling venture for various reasons. A pivotal factor contributing to its attractiveness is the projected surge in population, anticipated to grow by an impressive 41% over the next quarter-century. This substantial demographic expansion foretells a heightened demand for housing, rendering residential property investment in the area an exceptionally lucrative prospect.
Moreover, the region's economic outlook is promising, supported by robust GDP growth. Situated close to Christchurch, which has witnessed substantial economic expansion in recent years, the Waimakariri District has further benefited from improved connectivity through the development of the Christchurch Northern Corridor. This enhancement facilitates seamless commuting and logistics, fostering an environment conducive to economic growth.
The growing population base and a skilled workforce contribute to the district's allure for businesses and investors. The Rangiora Business Hub also provides well-serviced industrial development, acting as a catalyst for economic expansion and business growth.
Notably, all the recommended house & land packages in The Waimakariri District currently boast expected rental yields ranging from 4.2% to 5.0%. This surpasses the average rental yield in the region, which stands at 4.0%, underlining the potential for attractive returns on investment in this thriving district.
Investment Overview
Strategy: Off the plan Upside: Growth prior to settlement Rent: Unfurnished Deposit: 10% Title: Freehold
Investment Type
Dwelling: House & Land Growth: High Yield: Moderate Pros: High Growth / Standalone Home
Suburb Performance
Median sale price 10 years: +67% Median sale price 20 years: +253% Capital growth 10 years: 5.29% Capital growth 20 years: 6.50%