Offers Over $639,000
4 1 2
Family living in the heart of Leeston
115 High Street, Leeston
Bayleys Leeston
1 / 20
- 4
- 1
- 2
- 1,009 m²
- House
Character, comfort & convenience
Deadline sale (unless sold prior) 2pm, Wed 28 Oct 2026
Positioned at the end of a quiet cul-de-sac, this charming four-bedroom villa offers a wonderful combination of character, space and comfort. Originally relocated from Merivale, the home sits on a generous 1,009sqm (approx.) section, just a short walk from the heart of Leeston.
Inside, the home offers four generously sized bedrooms, a family bathroom, separate lounge and a spacious open-plan kitchen and dining area. With plenty of room for the whole family, the layout provides comfortable everyday living while retaining the character and charm of a traditional villa.
A log burner, two heat pumps and an HRV system ensure year-round comfort, while recent improvements include new carpet and a partial roof replacement completed in 2020.
Outside, the fully fenced section provides plenty of space for children and pets to enjoy, along with established gardens, fruit trees and raised garden beds. A separate double garage with an attached hobby room and woodshed adds further practicality, offering excellent storage and space for hobbies or projects.
The location is another real highlight, with Leeston Primary School just a short walk away and the Leeston Swimming Pool directly across the road. Local shops, eateries and everyday amenities are all within easy reach, while Christchurch is a comfortable commute away.
Offering the character of a traditional villa, the comforts of modern living and a generous section in a convenient location, this property presents a fantastic opportunity for families looking to make Leeston home.
Contact us today to arrange your viewing.
Please copy and paste this website address into your website browser to download the property files: https://www.propertyfiles.co.nz/5531958
OwnBetter estimate
$617k
Medium confidence
We estimate it would sell for $617,000 as at 5 October 2026, in a range of $554,000 to $702,000.
Typical home in Leeston
$707k
The median of our estimates of its 1,445 homes
$554kLow
$590kCouncil value
$617kEstimate
$702kHigh
How we worked this out
| Council valuation, Sept 2024 | $590,000 |
|---|---|
| Market movement in Selwyn District since the council valuation | +2.9% |
| How Leeston sells against council values | +1.6% |
| Homes of this age in Leeston | −0.3% |
| Homes in this price range | +2.2% |
| Land as a share of the value | +0.9% |
| Nearby recent sales (15) | −1.1% |
| Its own sale in 2019 | −1.7% |
| Our estimate | $617,000 |
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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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
9 Johnston Street as a rental
Rent estimate$595/wk$520–$690 · Little evidence
Gross yield5.0%$30,940 a year on $617k
Net yield4.1%After $5,474 of costs
Cash flow−$9/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $595 | ||
| Property manager | ||
| Rent, 52 weeks | $30,940 | |
| 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 | $25,466 | |
| Interest $431,900 at 6.00%, interest only | −$25,914 | |
| Cash flow before tax | −$448 | |
| Cash flow a week | −$9 | |
| Gross / net yield on the price | 5.0% / 4.1% | |
| Return on equity cash flow on the deposit, before tax | −0.2% | |
| Loses money above this interest rate, before tax | 5.90% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 5.90%. That is -0.2% a year on a $185k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area153 m²
- Land area1,009 m²
- Decade built1930s
- Bedrooms4
- Bathrooms1
- Property categoryRD193B
- Zoning (valuer’s record)9B
- CouncilSelwyn District
- Valuation #24160-16400
- 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 numberCB517/72
- Title typeFreehold
- Legal descriptionLot 4 Deposited Plan 13972
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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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)9B
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 Leeston
Selwyn District
1,988
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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