Two Bedroom Townhouses CBD

295 Armagh Street, Christchurch - Starting from $449,000

This block of 10 two bedroom townhouses are located on fee simple titles and sit within the the four avenues of the Christchurch CBD!


Highlights:

Property Features: New Build / 2 Bedrooms

  • Price: Starting from $449,000
  • Gross Yield: Potential 5.3 - 5.7% (tenanted) Potential 8.4% (Airbnb)
  • Rent Appraisal: $450 - $470 p/w (unfurnished)
    $490 - $510 p/w (furnished)
    $140 - $160 per night (Airbnb)
    Written Appraisal available to potential purchaser
  • Estate Type: Freehold
  • Floor Area: 77.92m² outside 29.32m²

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About the Property

Located within the four avenues on Armagh Street 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 - $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.

The open plan nature of the kitchen, living and dining provides everything you need for comfortable living. 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 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.

These are one of the more popular properties the developers have created, with several other similar projects selling down in record timeframes.

Completion due approximately End 2019.

iFindProperty Maxine Clason-Thomas

Maxine Clason-Thomas
Licensed Salesperson - REAA 2008

maxine@ifindproperty.co.nz
021 990 252

Contact us about this property

Agent Contact Details

iFindProperty Maxine Clason-Thomas

Maxine Clason-Thomas
Licensed Salesperson - REAA 2008

maxine@ifindproperty.co.nz
021 990 252

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As fate would have it, I signed the Sales and Purchase agreement on the day I flew overseas for two weeks. With an eight-hour time difference, working through due diligence could have been a challenge; could have been if it wasn’t for the tireless support I received from Maxine.

She provided updates, recommendations and was always available to meet people on-site during due diligence.

Thank you Maxine, and iFindProperty for making our recent purchase possible.

Barry Deed

Maxine persevered with us investigating many properties in a very challenging market, before completing a successful purchase.

We were very pleased with her determination to find the right deal for us, in particular as we are out of NZ, and need to rely heavily on local knowledge and advice.

John & Penny

It has been a pleasure to work with Maxine on this purchase. I found her to be personable, responsive, intelligent & experienced, very helpful and available.