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HomeListingsChristchurch9 Frankleigh Street
9 Frankleigh Street
Christchurch
Citrus LivingPrice Drop

9 Frankleigh Street

9 Frankleigh Street, Somerfield, Christchurch

Entry-level townhouses in Somerfield, one of Christchurch's most liveable southern suburbs. Two-bedroom units with off-street parking, modern kitchens, and private courtyards. Ideal for first-time investors seeking strong yield.

Below $500KEntry PricePrice DropHigh Yield (5%+)Somerfield

Mortgage & Yield Calculator

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$136,500
10%50%
10 years30 years
Mortgage Rate: 6.5% p.a. (current NZ average)
Monthly Payment
$2,151
Loan: $318,500
Monthly Cashflow
-$1,324
After all costs & tax
Gross Yield
5.30%
Before expenses
Net Yield
2.18%
After expenses & tax

Annual Breakdown

Gross Rental Income+$24,120
Property Management (9%)−$2,171
Maintenance & Repairs (1.5%)−$6,825
Insurance−$1,350
Net Rental Income$13,774
Income Tax (28%)−$3,857
Net Income After Tax$9,917
Annual Mortgage Payments−$25,806
Equity Built (Principal)+$5,104
Annual Cashflow-$15,889
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

$455,000
Entry Price (SGD)
$602,000
Entry Price (NZD)
5.3%
Gross Yield
$2,010
Monthly Rent (SGD)

Simple Cashflow Example (SGD)

Purchase PriceSGD $455,000
Annual Rental IncomeSGD $24,120
Gross Yield5.3%
Net Yield (est. after costs)4.6%
Monthly Rental IncomeSGD $2,010

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

Why This Property

Target Tenant Profile

Young professionals, couples

Demand Drivers

  • Somerfield — family-friendly suburb with strong rental demand
  • Close to Barrington Mall
  • Good school zones
  • Low vacancy rates in Christchurch south

Nearby Infrastructure

Barrington Mall — 1kmChristchurch CBD — 5kmCashmere Hills — 2kmGood primary school zones

Unit Types Available

2-bed townhouse
5 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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