Brand New 1 & 2 Bedroom Inner City Apartments

217 Armagh Street, Christchurch - Starting from $413,000

This block of 13 townhouses located on fee simple titles sits inside the four avenues of the CBD. Several other similar projects are selling down in record timeframes.


Highlights:

Property Features: New Build / 1 Bedroom & 2 Bedroom

  • Price: Starting from $413,000
  • Gross Yield: Potential 5.5 - 5.7% (Tenanted) Potential 8.7 - 8.9% (Airbnb)
  • Rent Appraisal: $490-$510 per week (2 br unfurnished)
    $550-$550 per week (2 br furnished)
    $410-$430 per week (1 br unfurnished)
    $440-$460 per week (1 br furnished)
    $140-$160 per night (2 br Airbnb)
    $120-$130 per night (1 br Airbnb)
    Written Appraisal is available ti potential purchaser
  • Estate Type: Freehold
  • Floor Area: Varies from 56m2 - 77.65m2

Are we close?

If this property is not quite what you are looking for, contact the agent today to discuss finding a property directly for you.

About the Property

Located within the four avenues of the Chch CBD these townhouses are situated within walking distance to New Regent Street and the Margaret Mahy Family Playground. It is with no doubt that finding new homes at an affordable price point is only going to get increasingly harder as the Christchurch city population grows.

AirBnB appraisal -

1 bedroom - $120 - $130 per night with Winter receiving 65% occupancy ($546-$591 per week) and Summer receiving approximately 80% occupancy ($672 - $728 per week)

2 bedrooms - $140 - $160 per night with Winter receiving approximately 65% occupancy ($637-$728) and Summer receiving approximately 80% occupancy ($784-$896).

With the city and its 35 billion dollar re-build transforming this demand and pricing will only grow stronger.

This simple but tasteful design is market leading while maintaining extreme functionality and low maintenance.

ONE BEDROOM

The open plan nature of the kitchen, living and dining provides everything you need for comfortable inner-city living. Our extremely functional kitchen will impress you with the inclusion of a washer/dryer combo and additional storage space under the stairs. Upstairs is a full size bedroom and bathroom with a very large built in wardrobe in the bedroom and manhole access for roof storage.

TWO BEDROOM

The open plan nature of the kitchen, living and dining provides everything you need for comfortable living. Once again the extremely functional kitchen will impress you with a separate laundry storage space under the stairs. Upstairs are 2 full size bedrooms and a bathroom with a very large built in wardrobe in the bedroom and manhole access for roof storage.

Outside is your tenants own low maintenance, private courtyard with ample space for a barbecue, table and chairs. The outdoor area also includes a storage shed along with an outdoor power supply.

Get in touch to secure your brand new investment as soon as possible, these are quickly selling!

Completion approx. end of 2019.

Maree Tassell

Maree Tassell
Licensed Agent - REAA 2008

maree@ifindproperty.co.nz
027 486 6146

Contact us about this property

Agent Contact Details

Maree Tassell

Maree Tassell
Licensed Agent - REAA 2008

maree@ifindproperty.co.nz
027 486 6146

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If you want someone who knows what they’re doing, can use a very professional yet friendly approach, then Maree is the one. I asked her to sell one of my rentals and she did so quickly, with no fuss and got an excellent price for me.

Rob Bialostocki

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