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Investment Property Redwood, Canterbury

Suburb Snapshot

Redwood is a suburb in the Christchurch Region of Canterbury. Redwood has a population of 8,584 people and 26.05% of its occupants live in rental accommodation. The median listing price for houses is $682,000 and this has changed 2.25% over the past year and changed 11.35% over 2 years.

The median rent in Redwood for houses is $580 per week and the median rental yield is 4.42%. Stock on the market for houses/townhouses has changed NA compared to last year and the average time to sell a house/townhouse is 59 days.The median listing price for units is $477,000 and this has changed -2.65% over the past year. The average unit takes 73 days to sell and the median rent for a unit in Redwood is $495 per week, producing a rental yield of 5.40%.

Supply & Demand in Redwood, 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 Redwood, Christchurch

  House Townhouses Units
Median listing price $682,000 NA $477,000
Median price change - last quarter -1.01% NA 0.84%
Median price change - 1 year 2.25% -2.65% -2.65%
Median price change - 2 years 11.35% NA NA
  House Townhouses Units
Median weekly rent $580 NA $495
Median yield % 4.42% NA 5.40%
Median rent change - 1 year 7.41% NA 10.00%
  House Units
Average days on market 59 73

Redwood investment property listings

Showing 5 of 36 investment properties found in Redwood on realestateinvestar.co.nz

1/7A Kruse Pl, Redwood

$499,000

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Entry Level Cruise into Kruse

A perfect first home or and investment do not delay viewing, this needs to sell on or before Auction day. Step into this stunning 3-bedroom townhouse, boasting over 100m2 of space, complete with an internal access garage and a picturesque park view. Revel in its modern charm, featuring ...

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Townhouse

Canterbury 8051


179 Langdons Rd, REDWOOD

$895,000

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PRICED TO SELL $895,000

WOW: Priced to sell at $895,000, the tenant in the house is keen to stay on as a long or short term tenant. You choose. With the tenant paying $600pw this makes it a cheap and easy option for you to have a mechanical workshop at an affordable cost. What a great opportunity to purchase a fully ...

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House

CANTERBURY 8052


10 Te Maru Pl, Redwood

$649,000

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First Home Haven Or Ideal Investment

A charming residence that offers the ideal canvas for your first-home dreams! Crafted with enduring Summerhill stone construction, this contemporary gem boasts three double bedrooms, complemented by the convenience of the family bathroom, designed for functionality without compromising on style. ...

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House

Canterbury 8051


385 Main North Rd, Redwood

$679,000

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Ready For You or Ready for Investment

With a rental appraisal of up to $730 per week, this property makes a fabulous investment prospect. Boasting a spacious 809sqm section, this permanent material residence has been recently refreshed including exterior and interior paint, new carpet throughout and new guttering. With all this work ...

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House

Canterbury 8051


1/57 Sarabande Ave, Redwood

$495,000

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Now priced - Snap it up

Offers invited over $495,000 First home buyers, investors or downsizers - this home needs to be on your list. Situated in a quiet street, this is the perfect option. Our current vendor has loved living here but an exciting new chapter awaits and it's time to sell. Permanent ...

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Unit

Canterbury 8051


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