Title boundary · 1,245 m² · LINZ
Unclaimed

78 Wetherstons Road, Gabriels Gully

Lawrence · Clutha District

Last sold Sept 2010

OwnBetter estimate
$93k
Low confidence

We estimate it would sell for $92,700 as at 5 October 2026, in a range of $74,000 to $115,000.

Typical home in Gabriels Gully
$166k
The median of our estimates of its 19 homes
How we worked this out
Council valuation, Sept 2023$85,000
Market movement in Clutha District since the council valuation+10.2%
Apartments and houses in Clutha District−0.2%
How Gabriels Gully sells against council values−0.6%
Homes in this price range+0.2%
Land as a share of the value−0.4%
Our estimate$92,700

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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What it costs to live here

Home expense estimates

—a month, all in

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

78 Wetherstons Road as a rental

Rent estimate$410/wk$350–$470 · Little evidence
Gross yield23.0%$21,320 a year on $93k
Net yield18.9%After $3,772 of costs
Cash flow+$263/wk30% deposit, interest only at 6.00%
Line
Price Our estimate
Deposit
Interest rate
Rent a week our estimate $410
Property manager
Rent, 52 weeks$21,320
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$17,548
Interest $64,890 at 6.00%, interest only−$3,893
Cash flow before tax+$13,655
Cash flow a week+$263
Gross / net yield on the price23.0% / 18.9%
Return on equity cash flow on the deposit, before tax49.1%
Loses money above this interest rate, before tax27.04%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 27.04%. That is 49.1% a year on a $28k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area100 m²
  • Decade built1910s
  • Bedrooms3
  • Bathrooms1
  • Parking1 car space
  • Property categoryUse not published
  • CouncilClutha District
  • Valuation #28603-3400
  • Valuation date1 Sep 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 numberOT239/170
  • Title typeFreeholdBoundaries not fully establishedStandard registered title
  • Estate descriptionFee Simple, 1/1, Section 17 Block X Tuapeka East Survey District, 1,290 m2
  • Land area1,245 m²
  • Title issued22 Mar 1930
  • Land districtOtago
Registered instruments0 registered instruments on this title See the title summary →

Owners and the parties to each instrument are not published on this page. Order the record of title to see them.

Getting around

Listings

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Building consents

We hold no building consents for this property yet. The council may hold records we have not seen.

Unclaimed
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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.
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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.

We do not hold flood maps for Clutha District yet.

Contaminated land

Councils keep registers of land used for activities on the Hazardous Activities and Industries List (HAIL) — service stations, timber treatment, orchards, landfills. A listing records how land was used, not that it is contaminated: most sites have never been tested.

Otago Regional Council will say more about a listed site on request; quote its HAIL number.

Ask Otago Regional Council

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 Gabriels Gully

Clutha District
66
Properties on the rating roll
1 Sep 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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