2 Rees Street, Duntroon
Also 37 Campbell StreetWaitaki District
Buyer Enquiry Over $495,000
- 3
- 1
- 2
- 144m²
- 1,509 m²
- House
DELIGHT IN DUNTROON
Freshly renovated and ready to enjoy, this spacious 144m2 home sits on a generous 1,509m2 section in the heart of Duntroon. Whether you're dreaming of a relaxed country lifestyle, a peaceful retreat or a holiday getaway, this inviting property offers space, comfort and versatility.
At the heart of the home is a spacious modern kitchen and generous living area-ideal for busy family life, entertaining friends or simply unwinding at the end of the day. Three double bedrooms provide plenty of space, complemented by a newly renovated bathroom and separate toilet designed for everyday convenience.
Year-round comfort is well covered with a log burner in the living room, a heat pump and gas hot water. The fully fenced section features a large two-car garage/workshop, a glasshouse, two garden sheds and a vegetable patch.
Enhancing the versatility of this property is the large, carpeted utility room attached to the garage which features a kitchenette and shower room.
Close to the Alps 2 Ocean bike trail, the world renowned Elephant Rocks and Anatini, Waitaki Valley lakes and rivers, the Oteake DOC reserve, and a winery, this home is ideally placed for an active, relaxed lifestyle. Set on an expansive section in a welcoming rural township, this is a wonderful opportunity to make the move to Duntroon.
Buyer Enquiry Over $495,000
For Sale by Deadline closing at 4:00pm Thursday 03 December at LJ Hooker, 193 Thames Street, Oamaru (unless sold prior)
Contact Daniel Isbister 027 261 7014
Open homes 1
We estimate it would sell for $525,000 as at 5 October 2026, in a range of $450,000 to $634,000.
How we worked this out
| Council valuation, Aug 2023 | $490,000 |
|---|---|
| Market movement in Waitaki District since the council valuation | +6.0% |
| Apartments and houses in Waitaki District | +0.6% |
| How Duntroon sells against council values | +1.0% |
| Homes of this age in Duntroon | +0.5% |
| Homes in this price range | −0.1% |
| Land as a share of the value | −2.4% |
| Nearby recent sales (1) | +0.1% |
| Its own sale in 2016 | +1.6% |
| Our estimate | $525,000 |
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.
2 Rees Street as a rental
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $550 | ||
| Property manager | ||
| Rent, 52 weeks | $28,600 | |
| 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 | $23,540 | |
| Interest $367,500 at 6.00%, interest only | −$22,050 | |
| Cash flow before tax | +$1,490 | |
| Cash flow a week | +$29 | |
| Gross / net yield on the price | 5.4% / 4.5% | |
| Return on equity cash flow on the deposit, before tax | 0.9% | |
| Loses money above this interest rate, before tax | 6.41% | |
The rent covers the interest at rates up to 6.41%. That is 0.9% a year on a $158k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area144 m²
- Land area1,509 m²
- Decade built1950s
- Bedrooms3
- Bathrooms1
- Parking2 car spaces
- Property categoryUse not published
- CouncilWaitaki District
- Valuation #26060-22700
- Valuation date1 Aug 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 number225046
- Title typeFreehold
- Legal descriptionLot 1-3 Block III Deposited Plan 80
- Addresses on this property2
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 Duntroon
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.