5/40 Norwich Street, Linwood, Christchurch City, Canterbury

The adjourning middle property rents for $485 per week, while this 2022 end-terrace freehold townhouse can be purchased at with estimated interest-only repayments of $455.97 per week on the full borrowed amount. (Ref: Interest.co.nz at the time of writing).

That means you could pay less to own it than to currently rent, while building equity for your future. If you add the possibility of using KiwiSaver for the deposit and rent out a room, you easily reduce the weekly interest repayments for even more money in your pocket weekly or pay down the loan quicker to become mortgage free. If you believe that the market is going up in the next 5 years this is definitely a smart first-home or investment opportunity for the savvy investor.

If you make the smart choice and position it for long-term ownership— then the question isn't "why would you"? It is, "How come you haven't yet"?

With all the comforts of a near new build, the layout prioritises connection and flow throughout.

It’s a functional, well-organised space featuring quality appliances and a crisp, white finish that keeps everything looking sharp. Upstairs, the two bedrooms are peaceful retreats generous in size and natural light. The home enjoys a main bathroom plus a very handy additional toilet on the ground floor.

Outside, there is potential easy value add if you were to consider extra storage.

Once you're the owner, you get to spend Saturdays exploring the nearby cafes while the looming turn of the market will give you peace of mind in your long term investment strategy.

As a bonus, your own dedicated car park which is far from and not visible from the street, allows you to have the peace of mind, with easy access right to your door.

Finally, you now have the vibrant Christchurch CBD close by, in times when fuel is skyrocketing and causing havoc with everyone else.

Contact Glenn Pascoe to arrange your viewing now. Source: Property Smarts, CCC, Ecan & Vendor.