123 properties · Oamaru North, Oamaru

Reservoir Road, Oamaru North

Reservoir Road in Oamaru North has 123 properties, valued by the council between $80,000 and $1,795,000 with a median of $755,000 (Oamaru North: $390,000). More of its homes were built in the 1970s than in any other decade. We estimate its homes at a median $761,500. 8 sold in the last twelve months, for a median $708,500. The highest sale in 2026 was 110 Reservoir Road, at $1,350,000.

$755kmedian council valuation
$762kour median estimate
$709kmedian sale, last 12 months · 8 sales
1980median year built
OamaruOamaru North ×Reservoir Road ×

123 properties on Reservoir Road, Oamaru North

Highest and lowest on Reservoir Road

Highest-valued home86 Reservoir Road$1,795,000council valuation · 5 bed · 560 m² floor · 36,996 m² land
Lowest-valued home23 Reservoir Road$80,000council valuation · 643 m² land
Highest sale in 2026110 Reservoir Road$1,350,000sold 12 Jun 2026 · 5 bed · 472 m² floor · 1,139 m² land

Property values on Reservoir Road

The council values Reservoir Road's 114 rated properties between $80,000 and $1,795,000. The middle half sit between about $543,000 and $960,000; the median is $755,000 and the mean $773,487.

Lowest: $80k$80kLowest10%: $341k20%: $496k20%30%: $590k40%: $670k40%Median: $755k60%: $828k60%70%: $920k80%: $1.0m80%90%: $1.22mHighest: $1.79m$1.79mHighest
BedroomsHomesMedian council valueSold, last 12 monthsMedian sale
11$265k0—
25$430k1—
326$600k1—
452$845k3$700k
5+14$920k3$1.35m

Council rating valuations: the council's figure for apportioning rates, not a market appraisal.

Reservoir Road compared with Oamaru North

Reservoir Road's median council value is 94% above Oamaru North's.

Reservoir RoadOamaru NorthOamaru
Median council value$755k$390k$445k
Median sale, last 12 months$709k$452k$479k
Sold in the last 12 months6.5%4.4%4%
Time between sales8.0 yrs7.7 yrs7.4 yrs
Median section1,052 m²749 m²860 m²
Median year built198019601960
Council value per m² of floor$3k$3k$3k

Reservoir Road house prices over time

Median sale price by year; 2026 is the year so far. A year with fewer than two sales has no bar.

2016: $418k (6 sales)$418k20162017: $525k (7 sales)2018: $525k (9 sales)20182019: $353k (2 sales)2020: $495k (13 sales)20202021: $445k (9 sales)2022: $890k (4 sales)$890k20222023: $469k (6 sales)2024: $745k (6 sales)20242025: $633k (10 sales)2026: $750k (4 sales, this year so far)$750k2026
Sales by year as a table
YearSalesMedian pricePer m² floor
20264$750,000$2,830
202510$632,500$3,414
20246$745,000$2,872
20236$469,000$4,256
20224$890,000$3,802
20219$445,000$3,111
202013$495,000$2,498
20192$352,500$1,574
20189$525,000$2,204
20177$525,000$1,988
20166$417,500$2,198

Recent sales on Reservoir Road

The homes on Reservoir Road

Reservoir Road has 115 houses and 7 sections. More were built in the 1970s than in any other decade (26%).

1910s: 2 (2 homes)21910s1920s: 2 (2 homes)1940s: 1 (1 home)1940s1950s: 1 (1 home)1960s: 2 (2 homes)1960s1970s: 27 (27 homes)271980s: 18 (18 homes)1980s1990s: 14 (14 homes)2000s: 15 (15 homes)2000s2010s: 11 (11 homes)2020s: 10 (10 homes)102020s

How long owners stay on Reservoir Road

Homes on Reservoir Road that resold in the last five years had been held a median 8.0 years (Oamaru North: 7.7 years).

Time between a home's sales, for 25 resales in the last five years. A home not sold since our records begin is not counted, so owners who stay longest are under-represented.

Building and resource consents on Reservoir Road

19building consents in the last 5 years
1resource consents in the last 5 years
  • 75 Reservoir Road1 Jul 2026 · Building consentBathrm renovations to include tiled shower & additional toilet
  • 41 Reservoir Road1 May 2026 · Building consentExtend & alt internal layout of dwg
  • 137 Reservoir Road1 Nov 2024 · Building consentInstallation of a free-standing lady kitchener woodburner & flue kit
  • 127 Reservoir Road1 Jul 2024 · Building consentInstall a new escea tfs650 woodfire with plinthe base
  • 129 Reservoir Road1 May 2024 · Building consentConstruction of single level 3 bdrm, 2 bathrm, single gge family home
  • 121 Reservoir Road31 May 2022 · Resource consentDeemed Permitted daylight angle in Residential Zone

Reservoir Road in other suburbs

More streets in Oamaru North

Every street in Oamaru North, and the suburb's house prices and sales.

Sales and valuations as at 11 September 2026, from council and LINZ records. Medians resting on fewer than 3 sales are not shown.