11 Bernard Street, Addington, Christchurch

11 Bernard Street presents an exceptional investment opportunity in Addington, one of Christchurch’s most connected and steadily performing suburbs. With capital growth averaging 4.78% over the past 10 years and 5.35% over 20 years, the area has shown consistent long-term strength. The median sales price in Addington sits at $595,000, yet this development is priced attractively below that at $579,000–$589,000, allowing investors to secure high-quality, modern homes at under-market value.

Located just minutes from the CBD, Hagley Park, and Te Kaha Stadium, the site benefits from excellent transport links, nearby workplaces, and an expanding network of cafes, shops, and public amenities.

The suburb’s rental market also supports robust returns, with median weekly rents at $495 and appraisals for these homes ranging from $520–$550 per week, producing a gross yield of approximately 4.8%. Addington’s strong tenant demand stems from its proximity to the central city and major employment hubs, as well as easy access to public transport and arterial routes. With Christchurch’s ongoing infrastructure investments, including the new Te Kaha Stadium, central city revitalisation projects, and council-led urban upgrades, future capital growth is well supported. Our partner company, Thrive Investment Partners talks more about the significance of the stadium here.

By locking in today’s pricing and settling upon completion, investors stand to benefit from both rental income and projected capital appreciation as Christchurch’s property market continues its upward trajectory. 11 Bernard Street offers a rare balance of affordability, location, and long-term growth potential, a solid addition to any property portfolio.