High-Yield Investor Gem

Listed 7 Sep
2/309 Armagh Street, City Centre, Christchurch City, Canterbury
Enquiries over $419,000
Details
- Land area
- 69m²
- Toilets
- 1
- Broadband
- ADSL, Fibre, Satellite, Wireless
- Capital value (CV)
- $410,000


High-Yield Investor Gem
Calling all savvy investors and hands-off buyers! Positioned on the city fringe and positioned for brilliant sun, this tidy lock-and-leave unit presents an effortless, stream-lined investment opportunity.
Property Highlights:
- Immediate Holding Income: Tenancy securely in place paying $450/week until February-start collecting returns from day one.
- Top Floor Comfort: Generous double bedroom featuring a built-in robe, paired with a well-appointed bathroom complete with a tiled shower.
- Indoor-Outdoor Flow: Open-plan downstairs living opens out to a private, low-maintenance courtyard with AstroTurf and a secure lock-up shed for extra storage.
- Unbeatable Location: Exceptionally close to the new stadium and central city attractions.
With our vendor now settled in Australia, this sweet wee earner must be sold. An ideal addition to any portfolio or the perfect future city pad.
To download the information for this property, please copy this link into your web browser: https://new.propertyfiles.co.nz/manage/property_detail/279
Source: Please be aware that this information may have been sourced from third parties and we have not been able to independently verify the accuracy of the same. Land and Floor area measurements are approximate and boundary lines are indicative only. We highly recommend you to complete your own research and seek independent legal and/or technical advice.

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Local Schools
- CHRISTCHURCH EAST SCHOOL311 Gloucester StreetRoll: 301
- TE ARATAI COLLEGE85 Aldwins RoadRoll: 1240
- TE PUNA WAI O WAIPAPA - HAGLEY COLLEGE510 Hagley AvenueRoll: 1967
- HILLVIEW CHRISTIAN SCHOOL150 Wilsons RoadRoll: 562
- CHRISTCHURCH ADVENTIST SCHOOL15 Grants RoadRoll: 293
- MARIAN COLLEGE2 Lydia StreetRoll: 427
- MIDDLETON GRANGE SCHOOL30 Acacia AvenueRoll: 1395
- HOUSE OF WONDER CHRISTCHURCH BY BUSY BEES2 Bangor StreetRoll: 141
- KINDERCARE LEARNING CENTRES - CHRISTCHURCH CBD227 Armagh StreetRoll: 94
- HAVEN ELC375 Worcester StreetRoll: 52
- GROW ACTIVE ESSEX STREET29 Essex StreetRoll: 100
- LITTLE HOUSE MONTESSORI PRESCHOOL CENTRAL404 Barbadoes StreetRoll: 83
- ST MARY'S SCHOOL (CHRISTCHURCH)375 Manchester StreetRoll: 127
- CATHOLIC CATHEDRAL COLLEGE62 Ferry RoadRoll: 597
- AO TAWHITI UNLIMITED DISCOVERY5 Mollett StRoll: 654
- ST MICHAEL'S CHURCH SCHOOL249 Durham StreetRoll: 129
- THE CATHEDRAL GRAMMAR SCHOOL2 Chester Street WestRoll: 254
- CHRIST'S COLLEGE33 Rolleston AvenueRoll: 707
- TE PĀ O RĀKAIHAUTŪ7 McLean StreetRoll: 205
- ST MARGARET'S COLLEGE12 Winchester StreetRoll: 866
Location info
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Open home times
SaturdaySat
10:00am - 10:30am
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SaturdaySat
10:00am - 10:30am
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Property insights
HomesEstimate
- Updated
- October 1, 2026
- Estimated value
- $385K - $425K
These are computer generated price guides only. For more information about this property, contact the agent.
RentEstimate
- Estimated rent
- Not yet available
- Rental yield
- Not yet available
More about RentEstimate and rental yield
Capital value
Summary of land value and improvement value. This is set by the council.
- Updated
- August 1, 2025
- Capital value
- $410,000
- Land value
- $225,000
- Improvement value
- $185,000
Capital Valuation and rates information is sourced from the relevant council. Confirm directly with the council before making any decisions based on this data.
Property trends
- Property estimate trend
- This home estimate range: 385K - 425K
- Suburb median
- City Centre: 580K
Past sales & timeline
- Capital Value
$410,000
- Capital Value
$450,000
- Sold
$405,000
- Capital Value
$400,000
- Decade built




