Mount Peel · Timaru District
Last sold Dec 1993
Waikonini may originally have been part of Peel Forest Station, which was taken up by Francis Jollie in 1853. Jollie died in 1870 and the run came into the possession of Edward Cooper. Cooper sold the run in 1878 to partnership Smith, Dennistoun, and Co.
Read the entry on the Heritage List →Photo: M E Casey, 2004, © M E Casey
We estimate it would sell for $1,200,000 as at 5 October 2026, in a range of $962,000 to $1,490,000.
| Council valuation, Sept 2023 | $1,180,000 |
|---|---|
| Market movement in Timaru District since the council valuation | +4.2% |
| Apartments and houses in Timaru District | −0.1% |
| How Peel Forest sells against council values | −0.3% |
| Homes of this age in Peel Forest | +0.2% |
| Homes in this price range | −1.4% |
| Land as a share of the value | −0.4% |
| Our estimate | $1,200,000 |
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.
Sign in to rate this property, keep private notes on it and record what you think it is worth. Only you see them.
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.
CCB · special
KookminThe lowest rather than the highest is $232 less a fortnight — about $6,024 over the 1 year.
China Construction Bank4.49%s$2,241/fn
ICBC4.65%s$2,284/fn
Bank of China4.68%s$2,292/fn
AIA New Zealand4.99%$2,375/fn
ANZ Bank New Zealand4.99%s$2,375/fn
ASB Bank4.99%$2,375/fn
Bank of Baroda4.99%$2,375/fn
Police Credit Union4.99%$2,375/fn
TSB Bank4.99%s$2,375/fn
Unity Credit Union4.99%s$2,375/fn
Kiwibank5.15%s$2,418/fn
Bank of New Zealand5.19%$2,429/fn
SBS Bank5.19%s$2,429/fn
The Co-operative Bank5.19%s$2,429/fn
Westpac New Zealand5.19%s$2,429/fn
First Credit Union5.29%s$2,456/fnKookmin Bank Auckland Branch5.35%$2,473/fnPrincipal and interest at the lowest advertised card rate, held for the whole loan — no New Zealand rate is. A guide, not a lending offer or financial advice. How much could you borrow? · Mortgage calculator
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate 5.02% is today’s 1-year average | ||
| Rent a week our estimate $835 | ||
| Property manager | ||
| Rent, 52 weeks | $43,420 | |
| 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 | $35,738 | |
| Interest $840,000 at 5.02%, interest only | −$42,168 | |
| Cash flow before tax | −$6,430 | |
| Cash flow a week | −$124 | |
| Gross / net yield on the price | 3.6% / 3.0% | |
| Return on equity cash flow on the deposit, before tax | −1.8% | |
| Loses money above this interest rate, before tax | 4.25% | |
The rent covers the interest at rates up to 4.25%. That is -1.8% a year on a $360k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
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.
Owners and the parties to each instrument are not published on this page. Order the record of title to see them.
Selling this property, or the agent for it? Import the listing from your agency's site or a portal and it appears here, free: photos, price, open homes and your details, beside the council record buyers are already reading.
Building work the council has consented on this property, newest first. 4 consents on record.
Addition (Conservatory)
EQ Repair Earthquake Damaged Chimneys
Install Oil Fired Cooker & Hot Water & Radiators
Install Heater
What the council has been asked to allow under the Resource Management Act. None on this property · 1 land use or subdivision consent within 250 m.
Establish and Operate Bed and Breakfast and Function Centre
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
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.
We check your name against the registered owner on the title before a claim is accepted. Nothing on this page changes for anyone else, and no provider is contacted until you ask.
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 Timaru District yet.
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.
Environment Canterbury's Listed Land Use Register can be searched property by property on its own site, but is not published as data.
See the Listed Land Use RegisterSee 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.
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.
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
A single search across NZ property records finds other titles in your name and in companies you are a director of. Most owners find at least one they had forgotten was held somewhere else.