Deadline Sale
4 4 5
Deadline sale Fri, 30 Oct
The next chapter for Creel House
36 Murray Place, Lake Tekapo
Bayleys Tekapo
1 / 27
Unclaimed
15 Murray Place, Lake Tekapo
Mackenzie District
Deadline Sale
- 3
- 1
- 2
- 190m²
- 600 m²
- House
Alpine Charm, Views & Immense Potential: Lake Tekapo
Set in a peaceful, well-established neighbourhood near Lake Tekapo village centre, this beautifully presented property offers a classic Kiwi haven with space, versatility, & alpine style. Sprawling across a 190sqm footprint, this solid two-storey home combines timeless timber interiors with high-country warmth. High raked ceilings, natural timber tones, & large, double-glazed windows flood the upper level with natural light while taking full advantage of stunning views to the dazzling turquoise waters & its ever-majestic mountain backdrop.
Currently a cherished home, the two-storey layout features light-filled upper-level living spaces with expansive open-plan living that flows seamlessly onto a wide, sun-drenched deck - perfect for soaking in the tranquil setting & sweeping views. Enjoying all-day sun & complemented by a log burner & a heat pump, the home is cozy year-round. Three well-proportioned bedrooms are served by a family-friendly three-way split bathroom layout featuring a separate bathroom, separate toilet, & separate shower room for ultimate convenience.
The ground level is dedicated to a practical laundry alongside expansive garaging that offers abundant space for a home gym, hobby room, workshop, or secure storage for vehicles & recreational toys.
Well-appointed on a desirable 600sqm corner section, the generous section offers clear potential for future additions or secondary accommodation. The site's capability is demonstrated by previously approved MDC building plans for a standalone studio dwelling. While now expired, these support the substantial scope for future development, income generation, or expanding accommodation options.
Whether you are searching for a character-filled home, a relaxed holiday getaway, or a high-upside investment in a sought-after location, this property presents an outstanding opportunity. Contact Steve Howes on 021 801 216. Viewing by appointment only.
3D: https://virtualtour.mcre.co.nz/15MurrayPl
Deadline Sale closing 2pm Monday 30 November 2026 [unless sold prior]
What you’ll love about this place
- About 90 m from a river
From LINZ's topographic maps: how near the land comes to the water's edge.
OwnBetter estimate
$1.02m
Medium confidence
We estimate it would sell for $1,020,000 as at 5 October 2026, in a range of $912,000 to $1,160,000.
Typical home in Lake Tekapo
$1.27m
The median of our estimates of its 679 homes
$840kCouncil value
$912kLow
$1.02mEstimate
$1.16mHigh
How we worked this out
| Council valuation, Jul 2023 | $840,000 |
|---|---|
| Market movement in Mackenzie District since the council valuation | +13.9% |
| Apartments and houses in Mackenzie District | +0.4% |
| How Lake Tekapo sells against council values | +7.0% |
| Homes of this age in Lake Tekapo | +1.8% |
| Homes in this price range | −0.9% |
| Land as a share of the value | −0.7% |
| Nearby recent sales (15) | +1.6% |
| Its own sale in 2025 | −2.9% |
| Our estimate | $1,020,000 |
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.
My notes
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Sign in for the free reportHome 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.
Investor insights
15 Murray Place as a rental
Rent estimate$770/wk$670–$880 · Little evidence
Gross yield3.9%$40,040 a year on $1.02m
Net yield3.2%After $7,084 of costs
Cash flow−$190/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $770 | ||
| Property manager | ||
| Rent, 52 weeks | $40,040 | |
| 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 | $32,956 | |
| Interest $714,000 at 6.00%, interest only | −$42,840 | |
| Cash flow before tax | −$9,884 | |
| Cash flow a week | −$190 | |
| Gross / net yield on the price | 3.9% / 3.2% | |
| Return on equity cash flow on the deposit, before tax | −3.2% | |
| Loses money above this interest rate, before tax | 4.62% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 4.62%. That is -3.2% a year on a $306k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area190 m²
- Land area600 m²
- Decade built1970s
- Bedrooms4
- Bathrooms2
- Parking2 car spaces
- Property categoryUse not published
- CouncilMackenzie District
- Valuation #25311-19600
- Valuation date1 Jul 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 numberCB18F/1329
- Title typeFreehold
- Legal descriptionSection 137 Block X Tekapo Village
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
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.
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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.
2Your lending in the pictureAdd what you owe, or connect the bank, and the equity and LVR stop being a calculation you redo by hand.
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 Lake Tekapo
Mackenzie District
943
Properties on the rating roll
1 Jul 2023
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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