Each two-bedroom townhouse has spacious open plan living, designer kitchen with a breakfast bar, a well specified bathroom and a lovely outdoor area. Fully double glazed and insulated with generous sized bedrooms. Built over two levels with onsite car parking for each townhouse. The dual key townhouses are a clever design that allows for two rental options or live in one side or rent the attached studio. The dual key design provides for a self-contained, one-bedroom apartment plus an adjoining studio with kitchenette and bathroom. These units also provide an excellent rental proposition, with gross yields up to 7.6%
The units and car-parking are secured via automatic electric security vehicle access and pedestrian gates. The units feature contemporary cladding and are architecturally designed. The central communal spaces feature large open “green” space feel for the residents living within the development. Built to 100% of engineering and construction standards as required by Council. Bank lending rules being only 20% deposit for off the plans purchases of investment properties, this makes these townhouses or dual key homes very affordable.
About the Area
Richmond is a small suburb on the fringe of Christchurch’s sought after Four Avenues. Since the 2011 earthquake it has been going through a gentrification process with many of the old properties being renovated or demolished and replaced with new. Richmond Park Terraces is immediately adjacent to the New World Supermarket and Richmond Village Green. After a flat 2015, this is a suburb on the rise and an opportunity to secure an entry level investment at yesterday’s prices. Richmond Park Terraces is adjacent to the recently refurbished New World shopping mall, meters away from the Richmond shops, and one the edge of Christchurch City Central.
These properties will be completed at the beginning of 2018 and these units will offer the investor a safe and sound rental income for years to come. These units represent an entry level investment for a premium investment product