61 Cobham Street, Spreydon, Christchurch

61 Cobham Street presents an attractive investment opportunity in Spreydon, one of Christchurch’s most established and well-connected suburbs. With capital growth of 5.10% over the past 10 years and 5.28% over 20 years, Spreydon has shown steady long-term performance. The development is priced between $539,000 and $679,000, sitting below the suburb’s median sale price of $647,000, giving investors an opportunity to secure new, high-quality homes in a consistently performing location. The area is ideally positioned within easy reach of the CBD, Barrington Mall, and Hagley Park, making it convenient for professionals and families alike.

The suburb’s rental market remains robust, with a median rent of $550 per week and appraisals for these homes ranging between $540–$650 per week, delivering gross yields of 4.9%–5.4%. Spreydon’s proximity to major employers, educational institutions, and arterial routes ensures ongoing rental demand, particularly from tenants seeking modern, low-maintenance homes close to the city. The combination of affordability and location makes Spreydon an appealing choice for investors aiming for both income and growth.

Christchurch’s wider urban revitalisation continues to enhance the city’s liveability and investment appeal. Key projects such as the Te Kaha Stadium, public transport improvements, and CBD regeneration initiatives are driving infrastructure upgrades and boosting employment opportunities. These large-scale investments are expected to have a flow-on effect for surrounding suburbs like Spreydon, increasing both property values and tenant demand. 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 are well positioned to capitalise on expected capital appreciation as the city’s transformation continues. With its combination of strong rental fundamentals, proven capital growth, and proximity to key amenities, 61 Cobham Street offers a smart, future-focused addition to any property portfolio.