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Investment Property Merivale, Canterbury

Suburb Snapshot

Merivale is a suburb in the Christchurch Region of Canterbury. Merivale has a population of 4,041 people and 38.48% of its occupants live in rental accommodation. The median listing price for houses is $1,699,000 and this has changed -2.86% over the past year and changed 10.00% over 2 years.

The median rent in Merivale for houses is $705 per week and the median rental yield is 2.16%. Stock on the market for houses/townhouses has changed NA compared to last year and the average time to sell a house/townhouse is 55 days.The median listing price for units is $599,000 and this has changed -14.31% over the past year. The average unit takes 88 days to sell and the median rent for a unit in Merivale is $500 per week, producing a rental yield of 4.34%.

Supply & Demand in Merivale, Christchurch

332,476

Population


33.38%

Rental population


536,953

Population


29.66%

Rental population


This is information is brought to you by realestateinvestar.co.nz - The online home for property investors

Statistical data for Merivale, Christchurch

  House Townhouses Units
Median listing price $1,699,000 $777,500 $599,000
Median price change - last quarter -1.39% 3.49% -9.10%
Median price change - 1 year -2.86% -14.31% -14.31%
Median price change - 2 years 10.00% -7.90% 14.68%
  House Townhouses Units
Median weekly rent $705 $600 $500
Median yield % 2.16% 4.01% 4.34%
Median rent change - 1 year 1.44% 1.69% 4.17%
  House Units
Average days on market 55 88

Merivale investment property listings

Showing 5 of 123 investment properties found in Merivale on realestateinvestar.co.nz

3/94 Rugby St, Merivale

$659,000

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Single-Level Simplicity in Prime Position

Single-level simplicity takes a prime position in central Merivale at this two-bedroom townhouse, where solid construction, modern renovations and everyday ease come with a prized postcode. Well established and reassuringly solid, the home has been thoughtfully renovated to bring a ...

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House

Canterbury 8014


3/63 Papanui Rd, Merivale

$639,000

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Merivale's Modernist Classic

Enquiries Over $639,000 Part of the revived JJ Connor Flats, this two-bedroom apartment celebrates Warren and Mahoney's original sixties design, faithfully reconstructed to today's building standards while preserving the character and removing the compromise. Rebuilt in 2020 ...

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Unit

Canterbury 8014


2/48 Andover St, Merivale

$1,895,000

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Modern Design, Unbeatable Merivale Location

* Brand-new Arthouse Architects design, with sharp architectural lines and quality finishes throughout * Unbeatable walkable location, with Merivale Village, Hagley Park and Victoria Street all just minutes away on foot * Zoned for in-demand schools, including Elmwood School, Heaton ...

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House

Canterbury 8014


1/129 Papanui Rd, Merivale

$865,000

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Lock, Leave & Love the Location

* LIM, Building report and other documentation provided. To download files go to: www.agentsend.com/129papanui * Privately positioned down a long driveway, this beautifully reimagined single-level townhouse offers an exceptional combination of architectural design, privacy and everyday ...

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Townhouse

Canterbury 8014


17 Allister Ave, Merivale

$2,599,000

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Magic by Design, Amazing by Address

* Exceptional home of prestige, style and everyday convenience * Designed by renowned architect Kerry Mason, synonymous with timeless elegance and enduring quality * Stunning casual living room with over-height ceiling, gas fire and classic Kerry Mason detailing * French doors flow ...

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House

Canterbury 8014


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