48 | DEVELOPMENT Four Avenues: Crampton & Smith T T Karen Phelps Woolston developments booming General manager George Clifford at a Four Avenues development. 33 West Coast Road • Yaldhurst P O Box 11-227 • Christchurch Phone (03) 342-6044 Fax (03) 342-5939 Email: sales@sbj.co.nz www.sockburnjoinery.co.nz Proud to Support Four Avenues Crampton & Smith Architectural Builders www.cramptonandsmith.co.nz Great Impressions, Genuine Connections. Making Forming Investors looking for a great opportunity to own affordable and high-quality architectural townhouses should consider the Marcroft Street development in Woolston, Christchurch, says general manager of Four Avenues George Clifford. “Woolston, on the fringe of Christchurch’s city, is fast becoming a popular area for multi-unit residential developments. The house prices in the suburb doubled in value every 11 years and Woolston achieved a faster capital growth rate than some surrounding suburbs, putting it in the middle of the pack for the fastest-appreciating suburbs in Christchurch,” he says. Four Avenues Limited is a family business owned by three brothers formed in 2019. George and his brothers were born and bred in Christchurch and between them have two property valuation degrees and years of experience in property valuation, property management, real estate sales, commercial leasing and building high calibre housing stock. It is the strong foundation that has seen Four Avenues develop a reputation for producing quality affordable architectural townhouses in Christchurch. George says that the company has committed to creating designs that adapt to the neighbourhoods, selecting great locations for its high-quality products. It’s an approach that is a far cry from the cookie-cutter developments that have popped up in recent years, he says, and has meant that Four Avenues’ developments stand out from the crowd. The Marcroft Street development is built by local company Crampton & Smith architectural builders, which offers a wealth of experience to architects and clients looking for a safe pair of hands to fully manage a design and build vision. The development comprises 12 townhouses with two bedrooms, 1.5 bathrooms, and a 70sqm floor plan with an allocated car park making them attractive to tenants. All townhouses have an open-plan kitchen and living as well as a private outdoor courtyard area. The properties are Healthy Homes compliant, meaning that the build will be above the spec required to meet the Building Code. “We look to collaborate with our suppliers and community to bring the best possible homes to market. With a Four Avenues development people can expect homes, which offer value and convenience, and high-quality products,” says George. The development’s location is one of its strongest selling points, with its proximity to a range of amenities. There are several parks nearby for weekend activities and walks. Linwood College is under 3km away, making it very convenient for people walking to school. The Eastgate Shopping Mall is under 2km away and has a range of “With a Four Avenues development people can expect homes, which offer value and convenience, and high-quality products.” stores, supermarkets, and more. The development is a five-minute drive to the newly built Te Pou Swimming pool facility and a 20-minute drive to Sumner Beach. It is less than a ten-minute drive to the Christchurch CBD, making for an easy commute for those working in town. It is easily accessible by car, bike, and bus. “The development is located in a popular residential development area where we are seeing lots of multi-unit developments occurring,” says George. “As such, investors who buy in Woolston tend to get a higher rental return for the money they spend.” Construction is underway, so the build time will be shorter than some other new builds that investors might consider making for a great investment opportunity for those looking to own an affordable and high-quality architectural property, says George. He adds that although Marcroft Street presents obvious opportunity for investors it is also ideal for those seeking a first home or to downsize to a low maintenance lock up and leave property.
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