45 Champion Street, Edgeware, Christchurch

45 Champion Street in Edgeware presents an attractive investment opportunity in a well-connected suburb just minutes from Christchurch’s CBD. With capital growth averaging 4.74% over the past decade and 4.75% over the last 20 years, Edgeware has shown consistent long-term performance.

The suburb’s central location provides excellent access to workplaces, education providers, and lifestyle amenities, while arterial routes, public transport links, and the city’s expanding cycleways make commuting quick and convenient.

As Christchurch continues its urban regeneration, major projects such as the $683 million Te Kaha Stadium are set to further enhance the city’s appeal and drive long-term value growth.

From an investment standpoint, the numbers stack up well. Edgeware’s median house price currently sits at $620,000, yet these homes are priced below that at $599,000–$609,000, providing buyers with immediate value. Rental fundamentals are also strong, with a suburb median rent of $510 per week and this development appraised at $520–$580 per week, translating to gross yields between 4.7% and 4.8%. This aligns with rising demand for modern, low-maintenance rentals close to the central city, catering to a wide tenant base of professionals, students, and families. With settlement due when interest rates are forecasted to be lower, investors can secure today’s pricing while positioning themselves to benefit from both improved cashflow and long-term capital appreciation.