292 Racecourse Road, Cambridge
Waikato District
Auction
- 5
- 3
- 3
- 281m²
- 2.19 ha
- Lifestyle property
- 1 Lounge
- 1 Study / office
- 1 Family room
- 1 Dining room
- Ensuite
- Separate laundry
- 2 Garage
- 1 Carport
- Heat pump
- Fencing
- Fully Fenced
- Views
- Rural
- Aspect
- Northerly
- Roof
- Iron
- Flooring
- Carpet, Tiles
- Hot water
- Electric, Gas
- Water supply
- Bore
- Sewage
- Septic Tank
Twice the Living, One Great Lifestyle
A private rural retreat with character, space and plenty of possibilities.
Set across nearly 2.2 hectares of prime Cambridge countryside, 292 Racecourse Road presents an exceptional lifestyle offering, where the enduring charm of a bygone era meets the freedom, space and versatility of country living.
With two separate dwellings encompassing five bedrooms and a separate office, established grounds and an impressive range of equestrian and lifestyle facilities, this is a property designed for those who want a little more room to live life their way.
A beautiful tree-lined driveway creates an immediate sense of arrival, leading you through the property to the character 1920s main residence. Offering four bedrooms, separate office, two lounges, separate dining, and two bathrooms, the home offers generous proportions, timeless charm and a warm, welcoming feel. There's plenty of space for family life, entertaining or simply enjoying the peace and privacy that comes with country living.
Adding even more flexibility is the newer self-contained cottage. Designed with a studio-style layout, it includes a bedroom, bathroom and open-plan kitchen, dining and living area. It's an ideal option for extended family, guests or independent accommodation, along with the potential for supplementary income opportunities.
Outside, eight paddocks provide plenty of space for horses, livestock or simply enjoying the rural setting. The property is well set up for equestrian and lifestyle use, with two stables, a horse float shed, truck shed, lunge ring and cow shed already in place.
While it feels wonderfully private, you're far from isolated. Cambridge township is less than 10 minutes away, State Highway 1 is only minutes from the gate, and Hamilton can be reached in under 20 minutes. It's a great balance of country living with easy access to schools, cafés, shopping and the wider Waikato.
Whether you're looking for a family lifestyle property, space for horses, room for multiple generations or simply the freedom that comes with having more land around you, 292 Racecourse Road offers this and so much more!
Private viewings only. Contact us today to arrange yours.
We estimate it would sell for $1,900,000 as at 5 October 2026, in a range of $1,560,000 to $2,320,000.
How we worked this out
| Council valuation, Oct 2023 | $1,860,000 |
|---|---|
| Market movement in Waikato District since the council valuation | +1.8% |
| How Cambridge sells against council values | −0.1% |
| Homes of this age in Cambridge | +0.9% |
| Homes in this price range | −0.9% |
| Land as a share of the value | +0.4% |
| Nearby recent sales (5) | +0.1% |
| Our estimate | $1,900,000 |
We start from the council's rating valuation, move it by how sales in the area have moved since against their own council values, then by how properties like this one, nearby sales have done against the same arithmetic. Each step is an average of real sales. Tested every month against sales we had not seen: half land within about 6% of our estimate, and about 8 in 10 within the range. This is an automated estimate, not a registered valuation.
Sign in to rate this property, keep private notes on it and record what you think it is worth. Only you see them.
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.
292 Racecourse Road as a rental
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $1,050 | ||
| Property manager | ||
| Rent, 52 weeks | $54,600 | |
| 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 | $44,940 | |
| Interest $1,330,000 at 6.00%, interest only | −$79,800 | |
| Cash flow before tax | −$34,860 | |
| Cash flow a week | −$670 | |
| Gross / net yield on the price | 2.9% / 2.4% | |
| Return on equity cash flow on the deposit, before tax | −6.1% | |
| Loses money above this interest rate, before tax | 3.38% | |
The rent covers the interest at rates up to 3.38%. That is -6.1% a year on a $570k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area281 m²
- Land area2.19 ha
- Decade built1990s
- Bedrooms4
- Bathrooms3
- Parking3 car spaces
- Property categoryUse not published
- CouncilWaikato District
- Valuation #4443-56500
- Valuation date1 Oct 2023
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 numberSA46C/741
- Title typeFreehold
- Legal descriptionLot 2 Deposited Plan South Auckland 54918
Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.
Another agency selling this property too, or is it for rent? Import that listing and it shows beside this one.
Building consents
We hold no building consents for this property yet. The council may hold records we have not seen.
If it is yours, claiming it puts the council record, the title and what it costs you to hold in one place — and lets you put your lending, insurance and power out to people who compete for them.
We check your name against the registered owner on the title before a claim is accepted. Nothing on this page changes for anyone else, and no provider is contacted until you ask.
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 Cambridge
11 people looked at properties in Cambridge this week.
Counts describe the records we hold for this territorial authority, not a market forecast. Our estimate above is automated, not a registered valuation; how it was reached is shown with it. Every council figure on this page can be checked against the council's own record.
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
Claim it, then find everything else you own.
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