27-29 Kilmarnock Street, Riccarton, Christchurch

27–29 Kilmarnock Street presents a compelling investment opportunity in Riccarton, one of Christchurch’s most established and consistently high-demand suburbs. With a median house price of approximately $650,000, Riccarton has long benefited from its proximity to the CBD, major employment hubs, and key institutions. This development, priced from $659,000 to $999,000 depending on typology, allows investors to secure a brand-new, low-maintenance property and lock in today’s pricing ahead of an expected Q1 2027 completion, positioning for both construction-period uplift and longer-term capital growth.

Rental demand in Riccarton remains exceptionally strong, underpinned by its closeness to the University of Canterbury, Christchurch Hospital, Westfield Riccarton, and a wide range of professional and retail employment. The median rent for Riccarton sits at $540 per week, while rental appraisals for this project range from $540 to $720 per week, delivering estimated gross yields of up to 4.5%. The variety of typologies enhances appeal across multiple tenant profiles, including professionals, hospital staff, students, and small families, supporting resilient occupancy rates.

From an infrastructure and lifestyle perspective, Riccarton continues to benefit from Christchurch’s ongoing regeneration. Easy commuting via major arterial routes and public transport provides quick access to the CBD, Addington, and central city workplaces. Large-scale projects such as the Te Kaha Stadium, along with continued inner-city revitalisation, are strengthening demand for well-located residential stock close to the city core. Combined with access to parks, retail, hospitality, and education, 27–29 Kilmarnock Street is well positioned as a long-term investment offering income stability today and capital growth potential into the future.

Our partner company, Thrive Investment Partners talks more about the significance of the stadium here.