Suburb In Review

Merivale

Merivale is a popular suburb approximately 2 kilometres to the north of the centre of Christchurch, due to it's close proximity to the city centre, shopping, entertainment, quality homes and excellent schools it has proven to be a popular place to own property.

Merivale has an excellent bar and restaurant scene with many local’s not needing to leave the area for an evenings entertainment it is also one of the suburbs bordering Hagley Park which adds to its appeal.

Being within the Boys and Girls High zone for public schooling and surrounded by excellent private schools Merivale is popular for families, this presents great opportunities for property investors looking to buy in this area.

The makeup of property in Merivale is varied like many areas in Christchurch, consisting of large character homes, modern town houses, apartment blocks and commercial property including a large percentage of motels and serviced apartments.

Although entry level pricing in Merivale is greater than many other areas it also commands greater rental returns.

An average 2 bedroom unit can return $240 to $280 per week

A modern standalone townhouse up to $400 and many Character homes fetching in excess of $450 per week.

For additional information regarding Merivale or any other area within Christchurch please contact us.