Groynes Park sections for sale
Sections for a further Christchurch subdivision go on sale this week, as Liz McDonald reports.
Christchurch's northern entrance by road is one of the city's hot spots for residential development.
Even before the earthquakes led to the release of new land in and around Belfast for housing, developments such as Northwood and Styx Mill brought many new residents to the area.
The latest subdivision to start selling sections in the neighbourhood is Groynes Park.
The development will be made up of 400 sections on the corner of Johns Rd and Groynes Drive. The land is next to the Groynes public reserve, and just north of Northwood.
It is expected to eventually house up to 1200 people.
The site is owned by Eminence Investments, which has Malaysian, Christchurch and Auckland owners, and is being developed in conjunction with Groynes Development (2012) Ltd, a company with trustee investors.
It sits next to another new subdivision, Belfast Village on the corner of Main North Rd and Johns Rd, which will sell house and land packages but not bare sections. That land is now owned by Otago businessman Murray Valentine's company.
At Groynes Park, site preparation and earthworks began on the site this year, and the project is due for completion by the end of 2014.
Pre-sales of the first stage of sections start this week, and the first titles are expected to be ready in November.
Groynes Park marketing and sales manager Corrina Horrell says the section prices are higher than other Christchurch subdivisions, but "considerably lower" than the prices for the later stages of Northwood.
"Prices have been set to meet the market."
Prices have been agreed for the whole development, starting at $198,000 and ranging up to $295,000.
The land has the new living G zoning, which encourages mixed density housing.
Sizes for the conventional sections run from 550 square metres to 830 sq m.
Horrell says a significant number of sections are smaller than 550 sq m.
These sites, which are mostly about 330 sq m, will include a design for each house and show how it will interact with neighbours' homes. The developers are using architects to provide designs and streetscape plans for these.
- © Fairfax NZ News
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