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Investment Property Somerfield, Canterbury

Suburb Snapshot

Somerfield is a suburb in the Christchurch Region of Canterbury. Somerfield has a population of 6,898 people and 25.78% of its occupants live in rental accommodation. The median listing price for houses is $697,000 and this has changed 4.42% over the past year and changed -7.93% over 2 years.

The median rent in Somerfield for houses is $590 per week and the median rental yield is 4.40%. Stock on the market for houses/townhouses has changed NA compared to last year and the average time to sell a house/townhouse is 44 days.The median listing price for units is NA and this has changed NA over the past year. The average unit takes 64 days to sell and the median rent for a unit in Somerfield is $470 per week, producing a rental yield of NA.

Supply & Demand in Somerfield, 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 Somerfield, Christchurch

  House Townhouses Units
Median listing price $697,000 $639,000 NA
Median price change - last quarter 3.24% -3.03% NA
Median price change - 1 year 4.42% NA NA
Median price change - 2 years -7.93% -8.06% NA
  House Townhouses Units
Median weekly rent $590 $545 $470
Median yield % 4.40% 4.44% NA
Median rent change - 1 year 7.27% 6.86% 6.82%
  House Units
Average days on market 44 64

Somerfield investment property listings

Showing 5 of 33 investment properties found in Somerfield on realestateinvestar.co.nz

2/90 Conway St, Somerfield

$689,000

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Ready and Waiting For You!

Negotiable Over $689,000 Nestled in the heart of Somerfield, this delightful 3 bedroom home offers the perfect blend of comfort and convenience. A drawcard will be the recently granted Freehold title. Situated on a rear section down a wide driveway, the home is fully fenced providing peace of mind ...

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House

Canterbury 8024


4/80 Milton St, Somerfield

$559,000

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Ignore RV - Must be SOLD!

Vendor selling his investment property to move overseas! To download the Information Pack, copy and paste the URL into your web browser: https://www.propertyfiles.co.nz/property/BE194309 Introducing a contemporary townhouse with modern design, this residence presents an excellent opportunity for ...

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Townhouse

Canterbury 8024


11a Palmside St, Somerfield

$749,000

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Sunny Side Palmside

Solid brick, renovated, three bedroom home on a large 741 sqm (approx) section. Situated on a good street close to everything you'll need (and want). Public transport, Pioneer Sports Centre, The Adventure Park, cafes, shops and all the many walkways the hills and river offer. Plus it's zoned for ...

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House

Canterbury 8024


7 Selsey La, Somerfield

$730,000

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The Best of Both Worlds!

Have you been searching for a very tidy modern home in a sought after and well-established leafy location? Then you have found exactly what you are looking for here at 7 Selsey Lane. Tucked neatly down a private lane you will uncover for yourself the best of both worlds! Completed in 2016 this ...

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House

Canterbury 8024


47 Frankleigh St, Somerfield

$570,000

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Quite Frankleigh... it's a goodie!

** Deadline Sale - Tuesday, 23 April 2024 at 11am (USP) ** This 1950s home has already had the bathroom and kitchen updated, and now with its very recent refresh of paint throughout, it is all ready to move in to and enjoy. There are still a few things you can happily potter away and ...

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House

Canterbury 8024


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