Barrington Street, Christchurch

Please note that this property is not currently available and has already been recommended to an investor. The statistics provided were accurate at that time, but may now be outdated.

#1 - Barrington Street is 34,000 cheaper than comparable properties

A comparison with two similar properties available at the time of the Opes investors' purchase shows Barrington Street as the most affordable option, being $34,000 cheaper than the highest-priced property in the comparison (Bunyan Street). 

Despite its lower price, Barrington Street has the largest floor plan and an internal access garage, elements that significantly increase its value.

#2 – Offers extra features like an internal garage

Barrington Street not only offers a lower price but also includes features typically associated with higher-cost properties, such as an internal access garage—a feature that can add $40,000 to $50,000 to the price of a property in Christchurch. 

Located in Spreydon, a more sought-after area compared to Waltham (where the most expensive property is located), Barrington Street combines affordability with desirable property features, making it an attractive option for investors.

#3 – It has a 4.51% gross yield

The distinction between price and value is critical in property investment. 

While the most expensive property on the list asks for the lowest rent, leading to a lower gross yield, Barrington Street stands out with the highest gross yield of 4.51%, followed by Simeon Street at 4.36%, and Bunyan Street at 3.85%. 

This shows that a lower price does not necessarily mean lower value; in fact, Barrington Street offers superior value through its higher rent yield relative to its cost.