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High-Yield Investor Gem

Ray White Burnside (Next Step Realty Limited), (Licensed: REAA 2008)

Listed 7 Sep

2/309 Armagh Street, City Centre, Christchurch City, Canterbury

Enquiries over $419,000

Bed1
Bath1
Land area69m²

Details

1 bedroom
1 bathroom
1 lounge
Townhouse
Land area
69m²
Toilets
1
Broadband
ADSL, Fibre, Satellite, Wireless
Capital value (CV)
$410,000
Property interior
Property interior

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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2,034
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46
Watchlisted
30
Days on site

2/309 Armagh Street has been viewed 2,034 times since it was first listed on 7 September. There are 46 people keeping an eye on it.

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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

2/309 Armagh Street, City Centre, Christchurch City, Canterbury

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Property insights

HomesEstimate

Updated
October 1, 2026
Estimated value
$385K - $425K

What is the HomesEstimate?

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

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