37 properties · Waimataitai, Timaru

Grasmere Street, Waimataitai

Grasmere Street in Waimataitai has 37 properties, valued by the council between $395,000 and $770,000 with a median of $500,000 (Waimataitai: $455,000). More of its homes were built in the 1920s than in any other decade. We estimate its homes at a median $494,000. 2 sold in the last twelve months. The highest sale in 2026 was 24 Grasmere Street, at $680,000.

$500kmedian council valuation
$494kour median estimate
2sold in the last 12 months
1930median year built
TimaruWaimataitai ×Grasmere Street ×

37 properties on Grasmere Street, Waimataitai

Highest and lowest on Grasmere Street

Highest-valued home23A Grasmere Street$770,000council valuation · 3 bed · 162 m² floor · 524 m² land
Lowest-valued home2A Grasmere Street$395,000council valuation · 3 bed · 120 m² floor · 506 m² land
Highest sale in 202624 Grasmere Street$680,000sold 3 Jul 2026 · 3 bed · 120 m² floor · 736 m² land

Property values on Grasmere Street

The council values Grasmere Street's 36 rated properties between $395,000 and $770,000. The middle half sit between about $463,750 and $562,500; the median is $500,000 and the mean $516,806.

Lowest: $395k$395kLowest10%: $415k20%: $450k20%30%: $478k40%: $495k40%Median: $500k60%: $510k60%70%: $525k80%: $600k80%90%: $645kHighest: $770k$770kHighest
BedroomsHomesMedian council valueSold, last 12 monthsMedian sale
23$460k0—
330$500k2—
42$563k0—
5+1$550k0—

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

Grasmere Street compared with Waimataitai

Grasmere Street's median council value is 10% above Waimataitai's.

Grasmere StreetWaimataitaiTimaru
Median council value$500k$455k$500k
Sold in the last 12 months5.4%3.5%4.1%
Time between sales9.2 yrs6.6 yrs8.2 yrs
Median section741 m²701 m²754 m²
Median year built193019501960
Council value per m² of floor$4k$4k$4k

Grasmere Street 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: $390k (3 sales)$390k20162017: $316k (4 sales)2018: $410k (3 sales)20182019: $302k (2 sales)2020: $315k (5 sales)20202021: $568k (2 sales)2022: too few sales to say (1 sale)20222023: $606k (2 sales)$606k2024: $485k (5 sales)20242025: too few sales to say (1 sale)2026: $565k (2 sales, this year so far)$565k2026
Sales by year as a table
YearSalesMedian pricePer m² floor
20262$565,000$4,678
20251$580,000$5,979
20245$485,000$4,053
20232$606,000$4,414
20221$400,000$3,053
20212$568,000$2,805
20205$315,000$2,972
20192$302,000$2,770
20183$410,000$2,727
20174$315,750$2,314
20163$390,000$2,562

Recent sales on Grasmere Street

The homes on Grasmere Street

Grasmere Street has 37 houses. More were built in the 1920s than in any other decade (31%).

1910s: 1 (1 home)11910s1920s: 11 (11 homes)111920s1930s: 10 (10 homes)1930s1940s: 5 (5 homes)1940s1950s: 5 (5 homes)1950s1960s: 2 (2 homes)1960s2000s: 1 (1 home)2000s2020s: 1 (1 home)12020s

How long owners stay on Grasmere Street

Homes on Grasmere Street that resold in the last five years had been held a median 9.2 years (Waimataitai: 6.6 years).

Time between a home's sales, for 10 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 Grasmere Street

7building consents in the last 5 years
2resource consents in the last 5 years

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