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Back 20 Sherborne Street
Off Market

20 Sherborne Street

St Albans Canterbury

10
6
6
1020 m²
Unit
Lewis DonaldsonLewis Donaldson, last sold this property on 10 June 2026 after 75 days on market.

Overview

6 Units providing reliable rental income

Positioned close to the heart of Christchurch, 20 Sherborne Street presents a compelling investment opportunity, comprising six established flats on a substantial 1,020sqm parcel of land. Located in the well-regarded suburb of St Albans, just moments from the vibrant city centre, the property has been held within the same family for nearly 26 years. The asset has a potential gross annual rent of $137,228 per annum based on full occupancy being maintained under the current rental agreements, our vendors have benefited from a history of high occupancy during their ownership due to its proven appeal to tenants. Three of the flats date from the 1970s and have been upgraded with double glazing, while an additional dwelling was constructed in the 1980's and another two in the1990s. Four of the six units have been tastefully renovated with modern kitchens and bathrooms, and all comply with Healthy Homes standards. The remaining units provide scope for future enhancement. Beyond the immediate income stream, the property sits within Christchurch’s Medium Density Residential zone, offering valuable long-term flexibility. Investors may choose to retain the current configuration for its dependable yield, landbank for future capital growth, or explore redevelopment possibilities as the city continues to evolve. Opportunities of this scale, combining multiple income streams, a generous landholding, and proximity to the CBD are increasingly scarce. For investors seeking a strategic addition to their portfolio in one of New Zealand’s most dynamic urban markets, this is an offering that warrants serious consideration. To download the property file, copy and paste the following link: https://www.propertyfiles.co.nz/property/CHR10369

Features

10 bedrooms
6 bathrooms
6 carspaces
3 carport spaces
3 garage spaces
1020 m² lot size
Unit

Estimated Value

We need at least 3 similar 10 bedroom units sold in St Albans over the last 12 months.

Property history for 20 Sherborne Street

2026
Sold
10 Jun 2026 by Lewis Donaldson, of NZ Sotheby's International Realty - Christchurch

Happy sellers in St Albans

75%
75% of sellers in St Albans reported that their sale price either exceeded or met their price expectations.

St Albans stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 164 reviews in St Albans over the last 12 months.

Local market activity for 10 bedroom units in St Albans

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in St Albans

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Mary Turnbull

Sellers who recommend Mary Turnbull have praised them for being clear communication, local expert, supportive, friendly, well-prepared, responsive and detail-oriented

  •   5   (107 reviews)
  •  8 Reviews in St Albans
  •  11 Sales in St Albans
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Mark O'Loughlin

Sellers who recommend Mark O'Loughlin have praised them for being clear communication, local expert, reliable, supportive, pleasant, enthusiastic and stress-free process

  •   4.9   (85 reviews)
  •  7 Reviews in St Albans
  •  15 Sales in St Albans
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Connor Cleine

Connor Cleine is a recommended agent for St Albans.  They have 14 local sales and collected 7 local reviews across the last 12 months.

  •   5   (92 reviews)
  •  7 Reviews in St Albans
  •  14 Sales in St Albans
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Tim Jenkins

Sellers who recommend Tim Jenkins have praised them for being clear communication, local expert, responsive, reliable, honest, friendly and supportive

  •   5   (72 reviews)
  •  8 Reviews in St Albans
  •  5 Sales in St Albans
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