Wholesale Property

STORER ST SILVERSTREAM, Christchurch OFF-THE-PLAN HOUSE & LAND

• Well designed, high quality, low maintenance house & land in Christchurch growth subdivision with 440-bed, 5-storey retirement village opening nearby. Read Stuff article

• This location will benefit significantly from the opening of the $290m Christchurch Northern Corridor project with reduced travel times to Christchurch CBD.

• 4 x 2 bed and 8 x 3 bed, off the plan house and land packages

• Opportunity for additional capital growth before settlement in June 2021.

• Prices: 2 beds $399k - $419k, 3 beds $449k - $469k.

• 76% of dwellings in this suburb have 1-3 occupants and 39% have annual household income of $70k+

• The Christchurch market is undervalued based on the historical growth performance and growing gap between Christchurch and national average. The earthquakes in 2010 and 2011 and city rebuild have interrupted the growth cycle.

KAIAPOI HOUSE MARKET PERFORMANCE

Market data sources: Real Estate Investar, Tenancy Services, REINZ, One Roof

Note: Cost to own and cashflows are approximate examples only. Actual results achieved will vary based on purchase price, interest rate, deposit %, providing carparks, providing furniture, insurance, property rates and rental rate.

DESIGN AND PRICE OPTIONS

2 bedroom house & land

• 2 bed, 2 bath, 0 & 1 car garage options

• Land 161 - 193 sqm

• Internal 65 & 85 sqm options

• Price: $399,000 - $419,000

3 bedroom house & land

• 3 bed, 2 bath, 1 car garage

• Land 193 - 227 sqm

• Internal 103 sqm options

• Price: $449,000 - $469,000

PRICE AND AVAILABILITY SUMMARY

Note: The NSA/Net Sqm/Int. SQM area is calculated from the mid-point of the inter-tenancy wall to the external face of the façade as per PCNZ Guidelines.

ADDITIONAL DOCUMENTS

• Property investment 1 page snapshot

• Rental assessments

• Site plan

• Specifications

• Subdivision master plan

PROJECT OVERVIEW

Located just 7 minutes north of Northwood, on the western outskirts of Kaiapoi, Silverstream is designed within a rich natural environment, with a wide range of features.

Silverstream has a strong sense of place and history and a close connection with the township of Kaiapoi. The Silverstream and Kaiapoi community offers a wide range of community events, groups and classes to involve everyone and create that strong sense of belonging.

The centrepiece of Silverstream is a large village green, reached through a welcoming entranceway pergola, walking down to the main children’s playground and then to the stream walkways. Abundant activities on the doorstep – walking and cycle paths, fitness stations, playgrounds, basketball area and reserves.

Established shopping centre with amenities catering to everyone including a Medical Centre & Pharmacy. Fantastic new Preschool, with state of the art facilities and equipment – Preschool. Bus services operating through Silverstream to the City –  Blue Bus 

Active and welcoming community with events run by the social committee, in the subdivision regularly, including an annual duck race, outdoor movie nights, picnics in the park and quiz nights –  Facebook Group

Location is always important when choosing where to settle, and Kaiapoi has everything going for it. Only 10 minutes to both Northwood and Rangiora, and a minuscule 3-minute drive to the centre of Kaiapoi, Silverstream is an escape from the hustle and bustle, yet perfectly placed on the map. The upgrades to the Northern Motorway continue to diminish the commute, leaving more time for living. Once finished, it will take only 20 minutes to get into the centre of Christchurch city.

CHRISTCHURCH OVERVIEW

Christchurch is the largest city in the South Island of New Zealand and the heart of the Canterbury Region. The Christchurch urban area lies on the South Island's east coast, just north of Banks Peninsula. It is home to 404,500 residents, making it New Zealand's third-most populous city behind Auckland and Wellington.

The city suffered a series of earthquakes between September 2010 and January 2012, with the most destructive of them occurring at 12.51 p.m. on Tuesday, 22 February 2011, in which 185 people were killed and thousands of buildings across the city collapsed or suffered severe damage. By late 2013, 1,500 buildings in the city had been demolished, leading to an ongoing recovery and rebuilding project.

The city experienced rapid growth following the earthquakes. A Christchurch Central Recovery Plan guides rebuilding in the central city. There has been massive growth in the residential sector, with around 50,000 new houses expected to be constructed in the Greater Christchurch area by 2028 as outlined in the Land Use Recovery Plan (LURP). The rebuild of Christchurch and population growth has created significant investment opportunities for investors. Read more