5/16 Derby Street, St. Albans, Christchurch City, Canterbury

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Tucked away at the rear for ultimate peace and privacy, this modern townhouse has been beautifully refreshed with fresh paint inside and out. Backed by a strong rental assessment to deliver approx. 6% gross yield, it is a fabulous addition to a rental portfolio or a dream start for first-home buyers looking to secure a footprint in a premium location. It perfectly captures the sun, boasting a light-filled, open-plan kitchen and living area that flows effortlessly to the outdoors. To assist with year-round comfort, the brand new heat pump provides efficient heating and cooling while the private, fully fenced patio and garden provide a secure and sunny sanctuary that is rare to find so close to the city centre.

Upstairs, the home is designed for comfort with two well-proportioned bedrooms sharing a modern central bathroom. The ground floor remains dedicated to socialising and convenience, featuring a guest toilet to keep your private spaces separate. This layout, plus the single garage that can also be accessed from the garden, makes it an ideal "lock-and-leave" town pad.

The location is truly the star of the show. You are just a short stroll from the vibrant energy of Victoria Street's renowned restaurants and cafes, while the lush greenery of Hagley Park is only about a 10 minute (approx.) walk away. Positioned within excellent school zones (Elmwood Normal School, CBHS, CGHS, and Burnside High School) and offered at a fantastically affordable price point, this property represents the perfect balance of urban convenience and suburban tranquility.

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