Negotiation
3 2 2
Lifestyle, location and land
2217 Old West Coast Road, Kirwee
Property Brokers
Aerial · LINZ aerial
- 4
- 1
- 2
- 1.75 ha
- Lifestyle with dwelling
Strategic Kirwee Landholding
Positioned within the Kirwee township and just 30 minutes from Christchurch, this exceptionally well-presented 1.7477 ha property combines comfortable lifestyle living, substantial infrastructure and genuine future potential.
Located within the Settlement Zone, the property offers subdivision potential with a minimum average allotment size of 1,000sqm, making this a strategic landholding in the heart of a growing Selwyn township.
The permanent-material home is warm, practical and well appointed, featuring four double bedrooms, a family bathroom with both bath and shower, plus a separate toilet. A generous open-plan kitchen, dining and living area forms the hub of the home, with easy access to the outdoor patio. A major feature is the impressive range of outbuildings, including a fully enclosed 10m x 7m shed with concrete floor and three-phase power, four-bay pole implement shed, 6m x 9m detached garage with power, large tunnel house with automated ventilation and a selection of well-maintained garden and storage sheds. Benefits from dual water supply being connected to both town supply and its own domestic well.
With 1.7477 ha of land, an excellent family home, substantial shedding and the added value of Settlement Zone subdivision potential, this is a versatile property with both immediate lifestyle appeal and longer-term strategic value. Properties of this scale and versatility within the Kirwee township are tightly held. Early inspection is recommended.
To request the pdf property files for this property, please copy and paste the following link into your browser: https://www.propertybrokers.co.nz/residential/sale/2494-west-coast-road-kirwee-selwyn or this link will provide the digital brochure: https://pub.marq.com/2494_West_Coast_Road_Kirwee/
OwnBetter estimate
$1.39m
Medium confidence
We estimate it would sell for $1,390,000 as at 5 October 2026, in a range of $1,190,000 to $1,580,000.
Typical home in Kirwee
$984k
The median of our estimates of its 643 homes
$1.19mLow
$1.28mCouncil value
$1.39mEstimate
$1.58mHigh
How we worked this out
| Council valuation, Sept 2024 | $1,280,000 |
|---|---|
| Market movement in Selwyn District since the council valuation | +2.9% |
| How Kirwee sells against council values | +1.5% |
| Homes of this age in Kirwee | +0.9% |
| Homes in this price range | +1.9% |
| Land as a share of the value | +1.8% |
| Nearby recent sales (15) | −0.8% |
| Our estimate | $1,390,000 |
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
2494 West Coast Road as a rental
Rent estimate$895/wk$780–$1,030 · Little evidence
Gross yield3.3%$46,540 a year on $1.39m
Net yield2.8%After $8,234 of costs
Cash flow−$386/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $895 | ||
| Property manager | ||
| Rent, 52 weeks | $46,540 | |
| 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 | $38,306 | |
| Interest $973,000 at 6.00%, interest only | −$58,380 | |
| Cash flow before tax | −$20,074 | |
| Cash flow a week | −$386 | |
| Gross / net yield on the price | 3.3% / 2.8% | |
| Return on equity cash flow on the deposit, before tax | −4.8% | |
| Loses money above this interest rate, before tax | 3.94% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 3.94%. That is -4.8% a year on a $417k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area190 m²
- Land area1.75 ha
- Property categoryRB
- Zoning (valuer’s record)9D
- CouncilSelwyn District
- Valuation #24190-30100
- Valuation date1 Sep 2024
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 numberCB12A/715
- Title typeFreehold
- Legal descriptionLot 2 Deposited Plan 30158
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.
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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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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.
Zoning (rating roll)9D
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 Kirwee
Selwyn District
817
Properties on the rating roll
1 Sep 2024
Last council revaluation
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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