
3 Kerry Court, Cromwell
Central Otago District
Buyer Enquiry Over $875,000
- 3
- 2
- 1
- 137m²
- 262 m²
- House
- 1 Garage
2 & 3 Bedroom options starting from $875,000
An opportunity that does not arise often - four beautifully designed freehold homes, soon to be constructed in sought-after Old Cromwell. Whether you're seeking a permanent residence, a low-maintenance lock-and-leave, a holiday base, or a smart investment, this boutique development offers the chance to secure today and settle on completion.
Each townhouse has been carefully designed to combine quality craftsmanship, modern comfort, and functional layouts that maximise Central Otago’s sunshine. Durable, low-maintenance materials, including brick and Colorsteel cladding, enhance the easy-care appeal, while cedar entryways add warmth, texture, and a welcoming first impression.
Lots 1–3 - Priced from $975,000, will offer spacious two-storey layouts featuring three bedrooms, two bathrooms, open-plan kitchen and dining areas, a separate lounge and excellent indoor-outdoor flow to exposed aggregate concrete patio spaces. A convenient downstairs toilet will provide added practicality for guests, while multi-split heat pumps will ensure year-round comfort.
Upstairs, the master suite will include its own ensuite, while two additional bedrooms will be serviced by the main bathroom, complete with vanity, toilet and shower over bath. Each home will also feature excellent storage, along with a carpeted internal-access garage incorporating the laundry and convenient access to the rear section.
Lot 4 - Priced from $875,000 is positioned privately at the rear of the development, it has been designed as a single-level, two-bedroom, two-bathroom home, perfectly suited to downsizers, holiday home buyers or investors. The thoughtfully designed floorplan will centre around a bright and spacious open-plan living area, enhanced by a striking raked ceiling that creates a sense of openness and volume. North-facing and designed to maximise natural light, the living space will enjoy seamless indoor-outdoor flow, making it ideal for entertaining or relaxed everyday living.
A carpeted single garage with internal access will add further convenience, while the attractive combination of brick masonry and vertical 5-rib profile cladding will provide both durability and timeless street appeal.
Lot 1 – Enquiries Over $975,000, 3 bedrooms, 2 bathrooms. Floor Area - 137sqm (more or less) Lot 2 – Enquiries Over $975,000, 3 bedrooms, 2 bathrooms. Floor Area - 137sqm (more or less) Lot 3 – Enquiries Over $975,000, 3 bedrooms, 2 bathrooms. Floor Area - 137sqm (more or less) Lot 4 – Enquiries Over $875,000, 2 bedrooms, 2 bathrooms. Floor Area - 94 sqm (more or less)
All four homes will feature quality appliances and have been designed for practical, low-maintenance living. Exposed aggregate patios, partial fencing and soft landscaping (subject to final confirmation) will complete these appealing residences.
Located in the heart of Central Otago's renowned fruit bowl, Old Cromwell offers a lifestyle that is hard to beat. Famous for its cherries, stone fruit, vineyards and world-class Pinot Noir, the area also provides easy access to Lake Dunstan, the Lake Dunstan Trail and the historic Heritage Precinct. Positioned within easy reach of Queenstown, Wānaka, Clyde and Alexandra, Cromwell continues to grow as one of the South Island's most sought-after locations.
Secure your place in this exciting new development today. Contact Keeley and Niki for full specifications, upgrade options, pricing and availability, or download the complete information pack and make an offer at www.TallPoppy.co.nz.
We estimate it would sell for $921,000 as at 5 October 2026, in a range of $827,000 to $1,050,000.
How we worked this out
| Council valuation, Sept 2025 | $860,000 |
|---|---|
| Market movement in Central Otago District since the council valuation | +6.0% |
| Apartments and houses in Central Otago District | +0.2% |
| How Cromwell sells against council values | −0.1% |
| Land as a share of the value | −0.2% |
| Nearby recent sales (15) | +0.2% |
| Its own sale in 2025 | +1.1% |
| Our estimate | $921,000 |
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 and its own last sale 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.
3 Kerry Court as a rental
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $730 | ||
| Property manager | ||
| Rent, 52 weeks | $37,960 | |
| 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 | $31,244 | |
| Interest $644,700 at 6.00%, interest only | −$38,682 | |
| Cash flow before tax | −$7,438 | |
| Cash flow a week | −$143 | |
| Gross / net yield on the price | 4.1% / 3.4% | |
| Return on equity cash flow on the deposit, before tax | −2.7% | |
| Loses money above this interest rate, before tax | 4.85% | |
The rent covers the interest at rates up to 4.85%. That is -2.7% a year on a $276k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Land area1,012 m²
- Bedrooms3
- Property categoryUse not published
- CouncilCentral Otago District
- Valuation #28505-19901
- Valuation date1 Sep 2025
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 numberOT11D/1365
- Title typeFreehold
- Legal descriptionSection 13 Block LXX Town of Cromwell
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 how big a house this section takes at one, two and three storeys, inside the zone’s yards and height rules. Then ask builders to price the shape you pick.
About Cromwell
5 people looked at properties in Cromwell 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.
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The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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