23 Frankleigh Street, Somerfield
Christchurch · Christchurch City
Enquiries Over $699,000
- 3
- 1
- 2
- 110m²
- 569 m²
- House
- 2 Garage
Easy Living in Cashmere High Zone! Deadline Weds!
Property files are available for download here: https://filefling.co.nz/property/23frankleigh0
Set in the ever-popular Somerfield area, this inviting home is one you won't want to miss. Offering a wonderful combination of comfort, convenience and practicality, it's perfectly suited to families, first-home buyers or those looking for a smart investment.
Step inside to discover three generous double bedrooms, providing plenty of space for everyone. The tidy kitchen offers ample storage and connects effortlessly with the light-filled dining/living area, creating a warm and welcoming heart to the home. For those seeking a little extra room to relax, the spacious separate lounge provides the perfect retreat.
Comfort is well catered for year-round with three heat pumps and a wood fire, ensuring the home stays warm and cosy through the cooler months.
Outside, the property continues to impress with a double garage, additional off-street parking and garden beds offering space to enjoy the outdoors or indulge your green thumb.
With its practical layout, excellent heating options and sought-after Somerfield location, this is a home that offers plenty of appeal. Whether you're looking for your next family home, first step onto the property ladder or a worthwhile investment, this one is well worth viewing.
23 Frankleigh Street offers: - 3 double bedrooms - Tidy kitchen with ample storage - Light filled dining/living area - Separate lounge - 2 Toilets - Heat pump x3 - Wood fire - Garden beds - Double garage plus off-street parking - 569m2 freehold section - MRZ zoning
Located within the sought-after Cashmere High School zone, this home enjoys an unbeatable location. Local amenities are just moments away, with Pioneer Recreation and Sport Centre also within easy walking distance. The city centre is only a few minutes' drive, while in the opposite direction, you'll find Christchurch Adventure Park, the Rapaki Track, and a variety of great restaurants and supermarkets - perfect for those who enjoy a mix of city living and outdoor pursuits. Opportunities like this don't come along every day! Contact Team Holly Jones to make this house your new home!
Deadline Sale Closing: Wednesday 28th October at 1pm (unless sold prior)
This information has been supplied by the vendor and/or sourced from: Property Guru, Property Smarts, LINZ, Local Councils, ECAN, CERA and other organisations. Results Reality Limited Licensed (REAA 2008) is passing over this information. We cannot guarantee its accuracy or reliability and recommend purchasers undertake their own due diligence.
Open homes 1
Added to OwnBetter 26 Oct 2026
What is rental yield?
Gross rental yield is a year’s rent as a share of what the property is worth: $635 × 52 weeks = $33,020, against the council valuation of $700,000. It is before rates, insurance, maintenance, management and vacancies, so what an owner keeps (the net yield) is lower.
How we worked this out
| Evidence | Points to | Counted |
|---|---|---|
| 3 rentals advertised nearby each adjusted to this property’s bedrooms and value | $664 | 4% |
| From its value what rentals in the area typically yield | $636 | 96% |
We read this property as a house. Rentals advertised nearby count most when they are close, recent and alike; the more of them there are, the less the area’s bond figures count. Bond figures are rents agreed in new tenancies, from Tenancy Services, placed within the area by how this property’s council valuation compares with similar homes there.
| Address | Beds | Asked | As this one | When | Away |
|---|---|---|---|---|---|
| 20 Dray Placerealestate.co.nz ↗ | 3 | $790 | $664 | Oct 2026 | 4.4 km |
| 25 Rutherglen Avenuerealestate.co.nz ↗ | 3 | $1,100 | $882 | Oct 2026 | 5.9 km |
| 1/28 Matipo Streetrealestate.co.nz ↗ | 2 | $499 | $530 | Oct 2026 | 3.2 km |
These are computer-generated guides only, not a rental appraisal.
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Home expense estimates
Estimates from the floor area and typical New Zealand prices, not quotes. Power, gas and internet details from the Electricity Authority and Gas Industry Co registries and Chorus.
23 Frankleigh Street as a rental
| Line | ||
|---|---|---|
| Price Council valuation | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $635 | ||
| Property manager | ||
| Rent, 52 weeks | $33,020 | |
| Empty between tenants 2 weeks | ||
| Property management 9.2% incl. GST | ||
| Maintenance 5% of rent | ||
| Council rates this year | ||
| Landlord insurance the building | ||
| Net income before interest | $27,178 | |
| Interest $490,000 at 6.00%, interest only | −$29,400 | |
| Cash flow before tax | −$2,222 | |
| Cash flow a week | −$43 | |
| Gross / net yield on the price | 4.7% / 3.9% | |
| Return on equity cash flow on the deposit, before tax | −1.1% | |
| Loses money above this interest rate, before tax | 5.55% | |
The rent covers the interest at rates up to 5.55%. That is -1.1% a year on a $210k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area110 m²
- Land area569 m²
- Bedrooms3
- Bathrooms1
- Property categoryRD192B
- Zoning (valuer’s record)9B
- CouncilChristchurch City
- Valuation #22611-9600
- Valuation date1 Aug 2025
From the council’s rating records and the other sources noted on hover. Bedrooms and bathrooms may come from a past listing. Built is the decade the valuer records.
Title and land
Order a title record- Title numberCB1C/1135
- Title typeFreehold
- Legal descriptionLot 9 Deposited Plan 6425
Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.
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Building consents
We hold no building consents for this property yet. The council may hold records we have not seen.
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Zoning and hazards
What the council's published maps say about this land. A map is a model of a storm, not a record of one: a LIM or a flood report says more.
Reading the council's maps…
What could you build here?
See whether a granny flat fits beside the house: the Building Act exemption, the national granny flat rules and the zone’s own. Then ask builders to price the shape you pick.
About Somerfield
Counts describe the records we hold for this territorial authority, not a market forecast. OwnBetter has no estimate for this property. Every council figure on this page can be checked against the council's own record.
Claim it, then find everything else you own.
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