Prices starting from $459,000
Open Home/Show Home located at 60 Division Street, Riccarton, Christchurch
Thursday 27th August - 3:45 - 4:45pm
Saturday 29th August - 2:30 - 3:30pm
Sunday 30th August - 2:15 - 3:15pm
Securing early-stage position in Christchurch's rapidly expanding central core, 300 Hereford Street represents a high-performing residential asset engineered for capital growth and dual-pathway cash flow. Developed by PRA Developments, this boutique collection of 13 architecturally crafted townhouses delivers a rare convergence of premier CBD positioning, low-maintenance ownership, and uncompromising construction quality.
THE LOCATION FLEX
- Strategically positioned in the heart of the central city, residents enjoy immediate proximity to the region's primary economic, cultural, and sports infrastructure:
- One New Zealand Stadium at Te Kaha: 6-minute walk (0.5 km)
- Latimer Square: 7-minute walk (0.5 km)
- Ara Institute City Campus: 12-minute walk (0.9 km)
- The Crossing & Turanga Central Library: 14-minute walk (1.0 km-1.1 km)
- Riverside Market: 18-minute walk (1.3 km)
THE FINANCIAL MODEL & DUAL RENTAL PATHWAYS
- Designed to accommodate both conventional residential strategies and high-performing short-stay operations:
- Long-Term Residential Yield: Independent appraisals project $420-$480 per week.
- Short-Stay Operations (Care Property Stays): Projected average nightly rate of $171 at an estimated 86% occupancy-forecasting ~$53,583 gross per annum ($27,169 est. net to owner p.a.).
- New-Build Advantages: Lower capital outlay, maximum depreciation benefits, and favourable deposit requirements compared to existing housing stock.
ARCHITECTURAL SPECIFICATION & "THE PRA STANDARD"
- Constructed without compromise, each home balances high-end tactile luxury with long-term structural durability:
- Exterior Architecture: High-impact street appeal utilizing textured brickwork, stone veneer, Cemintel weatherboards, dark linear accents, and integrated planter greenery.
- Thermal & Environmental Efficiency: Thermally broken aluminium joinery featuring Low-E argon gas double glazing, complemented by a 3.5kW/3.7kW Mitsubishi hi-wall heat pump.
- Kitchen Craftsmanship: 20mm engineered stone benchtops, full tile splashbacks, Classic Oak joinery, and fully integrated Fisher & Paykel appliances (compact oven, touch-and-slide induction cooktop, single DishDrawer).
- Bathroom Finishes: Custom glass-and-tile showers with tiled recesses, wall-hung PRA vanities, integrated LED mirrors, and premium floor-to-ceiling tiling.
- Practicality & Security: Secure, dedicated on-site bike storage and keyless entry systems.
KEY PROPERTY DETAILS:
Developer: PRA Developments
Typology: 13 Architecturally Designed Townhouses (1 Bed | 1-1.5 Bath)
Status: Construction officially underway
Floor Area: 48.8 - 63.2sqm
Units 1-12 $459,000 Unit 13 $479,000
Whether structuring a high-performing short-stay portfolio, establishing a secure long-term buy-and-hold residential asset, or acquiring a sleek central base, 300 Hereford Street offers intelligent design, immediate urban proximity, and long-term capital protection.
To download the information for this property, please copy this link into your web browser:
https://www.agentsend.com/CWJI
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.
