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UnclaimedResidential

20 Exeter Street, Lyttelton

Christchurch City

Auction

  • 3
  • 1
  • 1
  • 120m²
  • 639 m²
  • House
  • 1 Lounge
  • Sunroom
  • 1 Garage
  • Garden shed
  • Heat pump
  • Ventilation system
Fencing
Partially fenced
Views
Harbour / sea
Roof
Iron
Hot water
Electric
Water supply
Town
Sewage
City

Exceptional Location & Potential - As Is, Where Is

To access the property files, copy and paste this link into your browser: https://filefling.co.nz/property/20exeterstre0

Positioned in the very heart of central Lyttelton, this home combines an unbeatable walk-everywhere lifestyle with a genuine 'as is, where is' opportunity. With the main street, local school, and town pool all within an easy stroll, you can leave the car at home and enjoy having the best of the port town right on your doorstep.

Built around 1900-1909, the property features an open-plan kitchen and living area at its heart that has already enjoyed modern updates, creating a comfortable, functional central hub. Year-round warmth is supported by a heat pump for efficient temperature control alongside an HRV ventilation system.

The layout offers three double bedrooms, providing good separation and space. The front two bedrooms are fitted with built-in storage and extend directly into sunroom areas, creating bright, versatile nooks to relax while taking in pleasant views out over the harbour. Situated just off the sunroom is the main bathroom, conveniently positioned for easy access. Stepping outside, the easy-care section features an enviable flat lawn - a rare bonus on the hill - along with a handy garden shed and a secure single garage.

Offered to the market strictly on an 'as is, where is' basis, the property represents a prime opportunity for builders, renovators, and astute purchasers looking to add serious value. With clear scope for repairs and comprehensive modernisation, it provides the perfect project to roll up your sleeves and unlock substantial potential in an exceptional central location.

Opportunities with this level of potential in such a tightly held pocket of Lyttelton are increasingly rare, so bring your tape measure, run your numbers, and contact us today!

Auction: To be held from 11am, Thursday 5th November at Ray White Metro, Level 2, 76 Hereford Street.

This information has been supplied by the vendor and/or sourced from: Property Guru, Property Smarts, LINZ, Local Councils, ECAN, CERA and other organisations. Results Realty Limited Licensed (REAA 2008) is passing over this information. We cannot guarantee its accuracy or reliability and recommend purchasers undertake their own due diligence.

Rent estimate · 1 Nov 2026
$510 – $670/week
Most likely about $585 a week · Little evidence: a rough guide
Estimated rental yield
5.2%
What is rental yield?

Gross rental yield is a year’s rent as a share of what the property is worth: $585 × 52 weeks = $30,420, against the council valuation of $590,000. It is before rates, insurance, maintenance, management and vacancies, so what an owner keeps (the net yield) is lower.

How we worked this out
EvidencePoints toCounted
From its value what rentals in the area typically yield$584100%

We read this property as a house. Rentals advertised nearby count most when they are close, recent and alike; the more of them there are, the less the area’s bond figures count. Bond figures are rents agreed in new tenancies, from Tenancy Services, placed within the area by how this property’s council valuation compares with similar homes there.

These are computer-generated guides only, not a rental appraisal.

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

20 Exeter Street as a rental

Rent estimate$585/wk$510–$670 · Little evidence
Gross yield5.2%$30,420 a year on $590k
Net yield4.2%After $5,382 of costs
Cash flow+$5/wk30% deposit, interest only at 6.00%
Line
Price Council valuation
Deposit
Interest rate
Rent a week our estimate $585
Property manager
Rent, 52 weeks$30,420
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$25,038
Interest $413,000 at 6.00%, interest only−$24,780
Cash flow before tax+$258
Cash flow a week+$5
Gross / net yield on the price5.2% / 4.2%
Return on equity cash flow on the deposit, before tax0.1%
Loses money above this interest rate, before tax6.06%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 6.06%. That is 0.1% a year on a $177k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area120 m²
  • Land area638 m²
  • Property categoryRD192B
  • Zoning (valuer’s record)9R
  • CouncilChristchurch City
  • Valuation #23801-33800
  • Valuation date1 Aug 2025

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 numberCB135/223
  • Title typeFreehold
  • Legal descriptionPart Section 132 Town of Lyttelton
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)9R

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 Lyttelton

Christchurch City
1,473
Properties on the rating roll
1 Aug 2025
Last council revaluation

Counts describe the records we hold for this territorial authority, not a market forecast. OwnBetter has no estimate for this property. Every council figure on this page can be checked against the council's own record.

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