#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.