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Back 296 Armagh Street
Off Market

296 Armagh Street

Christchurch Central Canterbury

8
6
662 sq.
Block of units
Last sold for $1,525,000
Grace BruereGrace Bruere, last sold this property on 07 September 2025 after 0 days on market.

Overview

Auction brought forward

Auction brought forward to 11am, Mon, 8 Sep 2025 3 Deans Avenue, Christchurch Situated across five titles with a combined area of 662sqm (more or less) of High Density Residential zoned land, this unique investment offers significant potential for a variety of uses. Currently developed with five dwellings and ample off-street parking, the site provides a diverse range of accommodation options and strong rental income, with further potential for capital growth. •The front house comprises of four bedrooms, two bathrooms, a modern kitchen, and a separate laundry •Flats 1 - 4 each have one bedroom, one bathroom, and a kitchen each •Generous off street parking is available to tenants •Currently generating a total weekly income of $1,940, with scope for further growth •Total land area of 662sqm (more or less) across five titles, zoned High Density Residential •Ideal for redevelopment or land banking •Prime location: Close proximity to the newly developed One Stadium, popular Beat St Cafe, public transport, and a variety of local amenities including pubs, restaurants, and entertainment venues This expansive site offers excellent flexibility for future development, while also delivering strong holding income from existing tenancies. Whether you are seeking to expand your investment portfolio, undertake a redevelopment project, or simply secure a high-yielding asset in a growth area, this property represents an exceptional opportunity. Its strategic location near City Central and major lifestyle destinations enhances both its tenant appeal and long-term value. Don't miss the chance to secure this exceptional opportunity and unlock its full potential. Our owner Our vendor is highly committed to a result and is open to pre-auction offers. Their instruction is clear, get this sold. To download the Property Files, copy and paste the below into a new browser: https://www.propertyfiles.co.nz/5528094

Features

8 bedrooms
6 bathrooms
662 sq. lot size
Block of units

Estimated Value

We need at least 3 similar 8 bedroom block of units sold in Christchurch Central over the last 12 months.

Property history for 296 Armagh Street

2025
Sold
$1,525,000
Auction Sale on 07 Sep 2025 by Grace Bruere, of Bayleys Christchurch (Whalan and Partners Ltd)

Happy sellers in Christchurch Central

68%
68% of sellers in Christchurch Central reported that their sale price either exceeded or met their price expectations.

Christchurch Central stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 85 reviews in Christchurch Central over the last 12 months.

Local market activity for 8 bedroom block of units in Christchurch Central

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Joanna Gu

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