Home Listings Christchurch33 Cleveland Street

Christchurch

Citrus LivingAvailable

33 Cleveland Street

33 Cleveland Street, Edgeware, Christchurch

A thoughtfully designed townhouse development in the heart of Edgeware, Christchurch. Mix of two-bedroom townhouses and standalone homes with architecturally designed layouts, contemporary kitchens, and open-plan living. Minutes from Christchurch CBD.

Below $500KHigh Yield (5%+)Christchurch CityInvestor FavouriteNew Build

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Deposit: 30%$138,000

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Loan Term: 25 years

10 years30 years

Mortgage Rate: 6.5% p.a. (current NZ average)

Monthly Payment

$2,174

Loan: $322,000

Monthly Cashflow

-$1,359

After all costs & tax

Gross Yield

5.20%

Before expenses

Net Yield

2.13%

After expenses & tax

Annual Breakdown

Gross Rental Income+$24,000

Property Management (9%)−$2,160

Maintenance & Repairs (1.5%)−$6,900

Insurance−$1,350

Net Rental Income$13,590

Income Tax (28%)−$3,805

Net Income After Tax$9,785

Annual Mortgage Payments−$26,090

Equity Built (Principal)+$5,160

Annual Cashflow-$16,305

Note: This is a simplified estimate. Actual returns depend on vacancy rates, maintenance costs, and tax situation. Consult a tax advisor for your specific circumstances.

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Investment Breakdown

$460,000

Entry Price (SGD)

$609,000

Entry Price (NZD)

5.2%

Gross Yield

$2,000

Monthly Rent (SGD)

Simple Cashflow Example (SGD)

Purchase PriceSGD $460,000

Annual Rental IncomeSGD $24,000

Gross Yield5.2%

Net Yield (est. after costs)4.5%

Monthly Rental IncomeSGD $2,000

* Estimates only. Actual returns may vary. Does not include mortgage, management fees, or taxes.

Why This Property

Target Tenant Profile

Young professionals, couples, university students (University of Canterbury nearby)

Demand Drivers

Strong rental demand in Christchurch
Post-earthquake rebuild driving population growth
University of Canterbury catchment
Low vacancy rates

Nearby Infrastructure

Christchurch CBD — 2kmUniversity of Canterbury — 3kmEdgeware Village shopsHagley Park — 1.5km

Unit Types Available

2-bed townhouse

3-bed standalone

4 units currently available

About Citrus Living

Citrus Living delivers high-quality, affordable homes across New Zealand with a proven track record of 550+ homes developed and $250M in combined market value. Founded by industry professionals — engineer, architect, and builder — they focus on Christchurch and Auckland.

550+ Homes Developed$250M Market Value10+ Years Experience

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From

SGD $460,000

≈ NZD $609,000

5.2% Gross Yield

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Quick Facts

Property TypeTownhouse

Bedrooms2–3 bed

Investment TypeHigh yield

DeveloperCitrus Living

Units Available4