12 Jocelyn Road, Bannockburn
Cromwell · Central Otago District
Last sold Oct 1994
We estimate it would sell for $1,630,000 as at 5 October 2026, in a range of $1,340,000 to $1,990,000.
How we worked this out
| Council valuation, Sept 2025 | $1,540,000 |
|---|---|
| Market movement in Central Otago District since the council valuation | +6.0% |
| Apartments and houses in Central Otago District | +0.2% |
| How Bannockburn sells against council values | +1.0% |
| Homes of this age in Bannockburn | −0.2% |
| Homes in this price range | −1.0% |
| Land as a share of the value | +0.2% |
| Nearby recent sales (5) | −0.1% |
| Our estimate | $1,630,000 |
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.
12 Jocelyn Road as a rental
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $970 | ||
| Property manager | ||
| Rent, 52 weeks | $50,440 | |
| 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 | $41,516 | |
| Interest $1,141,000 at 6.00%, interest only | −$68,460 | |
| Cash flow before tax | −$26,944 | |
| Cash flow a week | −$518 | |
| Gross / net yield on the price | 3.1% / 2.5% | |
| Return on equity cash flow on the deposit, before tax | −5.5% | |
| Loses money above this interest rate, before tax | 3.64% | |
The rent covers the interest at rates up to 3.64%. That is -5.5% a year on a $489k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area42 m²
- Decade built2000s
- Bedrooms2
- Bathrooms1
- Parking1 car space
- Property categoryUse not published
- CouncilCentral Otago District
- Valuation #28441-10500
- 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 numberOT16C/166
- Title typeFreehold
- Estate descriptionFee Simple, 1/1, Part Section 75 Block I Bannockburn Survey District and Section 2 Survey Office Plan 23563, 173,338 m2
- Legal descriptionPart Section 75 Block I Bannockburn Survey District and Section 2 Survey Office Plan 23563
- Land area17.4 ha
- Title issued1 Nov 1995
- Land districtOtago
Owners and the parties to each instrument are not published on this page. Order the record of title to see them.
Listings
Selling this property, or the agent for it? Import the listing from your agency's site or a portal and it appears here, free: photos, price, open homes and your details, beside the council record buyers are already reading.
Building consents
We hold no building consents for this property yet. The council may hold records we have not seen.
Resource consents
What the council has been asked to allow under the Resource Management Act. None on this property · 3 land use or subdivision consents within 250 m.
Within 250 m
- 2 Aug 2019Land use
Variation to condition (1) of RC180274 as it relates to the number of fee paying guests
190303 · Central Otago District238 mGranted - 30 May 2019Land use
Land use consent for a residential activity, accommodation facilities, and skyline breach in a Rural Resource Area
190216 · Central Otago District238 mGranted - 10 Jul 2018Land use
Establish residential activity to accommodate persons working permanently on the property in the Rural Resource Area.
180274 · Central Otago District238 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
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.
The hazard maps could not be read just now.
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 Bannockburn
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.
A single search across NZ property records finds other titles in your name and in companies you are a director of. Most owners find at least one they had forgotten was held somewhere else.