84 properties · Bunnythorpe, Palmerston North

Watershed Road, Bunnythorpe

Watershed Road in Bunnythorpe has 84 properties, valued by the council between $410,000 and $1,680,000 with a median of $1,020,000 (Bunnythorpe: $830,000). More of its homes were built in the 2000s than in any other decade. We estimate its homes at a median $1,030,000. 5 sold in the last twelve months, for a median $1,070,000. The highest sale in 2026 was 148 Watershed Road, at $1,300,000.

$1.02mmedian council valuation
$1.03mour median estimate
$1.07mmedian sale, last 12 months · 5 sales
2000median year built
Palmerston NorthBunnythorpe ×Watershed Road ×

84 properties on Watershed Road, Bunnythorpe

Highest and lowest on Watershed Road

Highest-valued home235B Watershed Road$1,680,000council valuation · 7 bed · 554 m² floor · 16,780 m² land
Lowest-valued home74A Watershed Road$410,000council valuation · 7,533 m² land
Highest sale in 2026148 Watershed Road$1,300,000sold 23 Jan 2026 · 4 bed · 347 m² floor · 18,649 m² land

Property values on Watershed Road

The council values Watershed Road's 77 rated properties between $410,000 and $1,680,000. The middle half sit between about $875,000 and $1,157,000; the median is $1,020,000 and the mean $1,001,429.

Lowest: $410k$410kLowest10%: $718k20%: $822k20%30%: $928k40%: $950k40%Median: $1.02m60%: $1.04m60%70%: $1.12m80%: $1.19m80%90%: $1.25mHighest: $1.68m$1.68mHighest
BedroomsHomesMedian council valueSold, last 12 monthsMedian sale
313$760k1—
446$1.01m4$1.17m
5+13$1.19m0—

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

Watershed Road compared with Bunnythorpe

Watershed Road's median council value is 23% above Bunnythorpe's.

Watershed RoadBunnythorpePalmerston North
Median council value$1.02m$830k$610k
Median sale, last 12 months$1.07m$809k$625k
Sold in the last 12 months6%2.9%4%
Time between sales5.5 yrs7.7 yrs7.8 yrs
Median section6,574 m²7,972 m²678 m²
Median year built200019801970
Council value per m² of floor$4k$5k$4k

Watershed 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: $502k (6 sales)$502k20162017: $668k (4 sales)2018: $700k (3 sales)20182019: $800k (7 sales)2020: $812k (7 sales)20202021: $533k (2 sales)2022: $1.27m (2 sales)$1.27m20222023: $1.16m (6 sales)2024: $840k (4 sales)20242025: $1.06m (6 sales)2026: $1.07m (5 sales, this year so far)$1.07m2026
Sales by year as a table
YearSalesMedian pricePer m² floor
20265$1,070,000$4,513
20256$1,060,000$4,428
20244$840,000$4,552
20236$1,162,500$3,984
20222$1,275,000$5,570
20212$532,500$3,117
20207$812,000$3,269
20197$800,000$3,211
20183$700,000$2,991
20174$667,500$2,868
20166$501,750$2,532

Recent sales on Watershed Road

The homes on Watershed Road

Watershed Road has 84 houses. More were built in the 2000s than in any other decade (32%).

1900s: 1 (1 home)11910s: 2 (2 homes)1910s1920s: 2 (2 homes)1930s: 3 (3 homes)1930s1940s: 1 (1 home)1950s: 6 (6 homes)1950s1970s: 5 (5 homes)1980s: 2 (2 homes)1980s1990s: 6 (6 homes)2000s: 24 (24 homes)242000s2010s: 18 (18 homes)2020s: 5 (5 homes)52020s

How long owners stay on Watershed Road

Homes on Watershed Road that resold in the last five years had been held a median 5.5 years (Bunnythorpe: 7.7 years).

Time between a home's sales, for 21 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 Watershed Road

15building consents in the last 5 years
11resource consents in the last 5 years
  • 276 Watershed Road1 Feb 2026 · Building consentInstallation of a new wood burner
  • 454 Watershed Road1 Jan 2026 · Building consentConstruction of 3 bdrm dwg with attached dbl gge & open plan living
  • 2/248D Watershed Road1 Dec 2025 · Building consentExtension to existing living room, new ensuite & walk-in-robe, & new internal walls to form new bdrm.
  • 249B Watershed Road1 Oct 2025 · Building consentNarellan 11m swimming pool including fence & waste water
  • 1/248D Watershed Road1 Jul 2025 · Building consentNew 4 bay pole shed including living space in one bay. Living to include 2 bedrooms, open-plan kitchen/dining/living, bathrm & laundry.
  • 165 Watershed Road6 Jun 2025 · Resource consentTo allow a front boundary setback distance of 22m, in lieu of the 25 metre setback requirement of the District Plan at 165 Watershed ##Road Hiwinui (Lot 3 DP 315150)
  • 1/248D Watershed Road3 Jun 2025 · Resource consentTo allow a dwelling to be sited at 1/248D Watershed Road, Bunnythorpe (Legally lot 11 DP 606463) which would be sited 2 metres from the Rear site boundary which is shared with 194 Watershed Road, Bunn
  • 248G Watershed Road2 Nov 2023 · Resource consentTo allow a Farm Building to be sited at 248G Watershed Road (Legally Lot 7 DP 405356) which would be sited 3 metres from the site's side boundary which is shared with 248H Watershed Road (legally Lot
  • 294 Watershed Road7 Sept 2023 · Resource consentProvisional Discharge of 1,080 Litres/Day of Secondary Treated Domestic Blackwater from Residential Septic Tank Treatment System to Subsurface Dripline Irrigation Field at Watershed Road, Hiwinui
  • 294 Watershed Road7 Sept 2023 · Resource consentProvisional Discharge of 1,080 Litres/Day of Secondary Treated Domestic Blackwater from Residential Septic Tank Treatment System to Subsurface Dripline Irrigation Field at Watershed Road, Hiwinui

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