Negotiation
4 2 2
Opportunity, potential & position
3 Coleraine Street, Cromwell
Bayleys Queenstown
Aerial · LINZ aerial
Unclaimed
8 Gantry Place, Cromwell
Central Otago District
Buyer Enquiry Over $960,000
- 4
- 2
- 2
- 141m²
- 689 m²
- House
- Ensuite
- 2 Garage
Flexible Living in Cromwell
If you’re looking for an affordable family home with space, flexibility and plenty of options for how you live, 8 Gantry Place is a must see. Freshly repainted inside and out and ready for its next owners, this four-bedroom home offers a practical layout, multiple living spaces and excellent indoor-outdoor flow. The clever configuration will appeal to families with children of different ages, buyers wanting space for guests or working from home, or anyone simply looking for a home that can adapt as life changes.
The separate kitchen offers excellent storage and easy connection through to the sunny dining area. There are two separate lounges which provide valuable flexibility - whether you need a dedicated kids' space, a quieter second living area, somewhere to work from home or simply room for everyone to spread out.
The four bedrooms are thoughtfully arranged with two bedrooms on each side of the home, giving families a practical separation of spaces. The primary bedroom stands out with its own walk-in wardrobe, external access and ensuite, while the remaining bedrooms offer plenty of flexibility for children, guests or home office use. The modern main bathroom is complemented by a separate toilet, while a separate laundry and excellent storage throughout add to the home's practicality. Heating is well catered for with both a heat pump and log burner, creating a warm and comfortable home through Central Otago’s changing seasons.
Outside, the options continue. A generous deck at the front entrance provides a welcoming outdoor space, while the large rear entertaining deck flows directly from the back door and is ideal for summer barbecues, entertaining friends or relaxing with the family. The rear of the section is fully fenced, providing a secure space for children and pets, while a double garage, woodshed and off-street parking provide the practical extras that make family life easier.
Location is another real advantage, with Goldfields School, Cromwell College and local attractions all within easy reach. Add Cromwell's cycle trails, parks, sporting facilities, wineries and easy access to Queenstown, Wanaka and the wider Central Otago region, and it's easy to see why Cromwell continues to attract families, first-home buyers and those looking for more space and lifestyle for their money.
With its flexible layout, fresh presentation, generous outdoor spaces and excellent storage, this is a home that can work for a wide range of buyers, so don't miss your opportunity to secure this property – contact Keeley or Niki today to arrange your viewing or see www.tallpoppy.co.nz to download the property pack.
Open homes 1
Sat, 7 Nov11:30 am – 12:00 pm
OwnBetter estimate
$963k
Medium confidence
We estimate it would sell for $963,000 as at 5 October 2026, in a range of $823,000 to $1,090,000.
Typical home in Cromwell
$991k
The median of our estimates of its 3,558 homes
$823kLow
$890kCouncil value
$963kEstimate
$1.09mHigh
How we worked this out
| Council valuation, Sept 2025 | $890,000 |
|---|---|
| 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% |
| Homes of this age in Cromwell | +1.3% |
| Land as a share of the value | −0.1% |
| Nearby recent sales (15) | +0.8% |
| Our estimate | $963,000 |
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.
My notes
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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.
Investor insights
8 Gantry Place as a rental
Rent estimate$745/wk$650–$860 · Little evidence
Gross yield4.0%$38,740 a year on $963k
Net yield3.3%After $6,854 of costs
Cash flow−$165/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $745 | ||
| Property manager | ||
| Rent, 52 weeks | $38,740 | |
| 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 | $31,886 | |
| Interest $674,100 at 6.00%, interest only | −$40,446 | |
| Cash flow before tax | −$8,560 | |
| Cash flow a week | −$165 | |
| Gross / net yield on the price | 4.0% / 3.3% | |
| Return on equity cash flow on the deposit, before tax | −3.0% | |
| Loses money above this interest rate, before tax | 4.73% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 4.73%. That is -3.0% a year on a $289k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area141 m²
- Land area689 m²
- Decade built1950s
- Bedrooms3
- Bathrooms2
- Parking1 car space
- Property categoryUse not published
- CouncilCentral Otago District
- Valuation #28506-35800
- 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 numberOT13A/980
- Title typeFreehold
- Legal descriptionLot 30 Deposited Plan 18664
Registered instrumentsChecking the register… See the title summary →
Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.
Getting around
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.
Unclaimed
Nobody is tracking this property yet
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What claiming gets you
1One live recordCouncil valuation, title details and registered interests, kept current rather than gathered again every time you need them.
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3Providers compete for itPut the mortgage, the insurance and the power out to people who want the business — on your terms, when you ask.
4Everything else you ownOne search finds other titles in your name and in companies you are a director of.
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 Cromwell
Central Otago District
4,365
Properties on the rating roll
10 Jun 2026
Last council revaluation
Buyer demand
8 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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