Buyer Enquiry Over $559,000
3 2 2
ATTRACTIVE 6.9% GROSS YIELD
80 Reed Street, Oamaru
LJ Hooker Oamaru
1 / 15
Unclaimed
6 Queens Crescent, Oamaru
Waitaki District
Buyer Enquiry Over $495,000
- 3
- 1
- 2
- 120m²
- 898 m²
- House
A HOME WITH MORE TO OFFER!
Set in a quiet part of Holmes Hill, this well-maintained three-bedroom home has plenty to offer, along with scope to add your own touches over time.
The home enjoys good afternoon sun, particularly in the rear living area, while the kitchen and dining spaces work well together for everyday living. All three bedrooms are a good size and include built-in wardrobes, providing plenty of practical storage.
Comfort is well covered with double glazing, quality carpets, two heat pumps and a small in-built fire on wetback. The bathroom features a wet-floor shower, with a separate toilet for added convenience. There's also the potential to create a second bathroom, with a second toilet already installed - providing a great head start for anyone looking to further enhance the home.
The 898sqm section is another real highlight, with established trees, shrubs and raised garden beds creating a beautifully sheltered and private setting.
Downstairs, the tandem-style garage provides useful vehicle space, along with a workshop, laundry and plenty of additional storage.
A comfortable home in a handy Holmes Hill location, with good bones and room to take it further.
Viewings strictly by appointment only. Contact me today to arrange a time to view.
For Sale by Deadline Closing on Thursday, 05 November 2026, at 4pm at LJ Hooker Oamaru, 193 Thames Street, Oamaru (unless sold prior).
Buyer Enquiry Over $495,000.
Contact Wayne Fraser on 027 4068 254
OwnBetter estimate
$483k
Medium confidence
We estimate it would sell for $483,000 as at 5 October 2026, in a range of $434,000 to $550,000.
Typical home in Oamaru
$414k
The median of our estimates of its 1,083 homes
$434kLow
$450kCouncil value
$483kEstimate
$550kHigh
How we worked this out
| Council valuation, Aug 2023 | $450,000 |
|---|---|
| Market movement in Waitaki District since the council valuation | +6.0% |
| Apartments and houses in Waitaki District | −0.2% |
| How Oamaru sells against council values | +1.3% |
| Homes of this age in Oamaru | −0.9% |
| Homes in this price range | −0.1% |
| Land as a share of the value | +1.1% |
| Nearby recent sales (15) | −1.5% |
| Its own sale in 2018 | +1.7% |
| Our estimate | $483,000 |
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
Sign in to rate this property, keep private notes on it and record what you think it is worth. Only you see them.
Thinking of buying?Free pre-purchase running cost report Mortgage repayments, this year’s council rates, and estimates for insurance, electricity, gas and internet at this address — saved to your watchlist.
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
6 Queens Crescent as a rental
Rent estimate$530/wk$460–$610 · Little evidence
Gross yield5.7%$27,560 a year on $483k
Net yield4.7%After $4,876 of costs
Cash flow+$46/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $530 | ||
| Property manager | ||
| Rent, 52 weeks | $27,560 | |
| 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 | $22,684 | |
| Interest $338,100 at 6.00%, interest only | −$20,286 | |
| Cash flow before tax | +$2,398 | |
| Cash flow a week | +$46 | |
| Gross / net yield on the price | 5.7% / 4.7% | |
| Return on equity cash flow on the deposit, before tax | 1.7% | |
| Loses money above this interest rate, before tax | 6.71% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 6.71%. That is 1.7% a year on a $145k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area120 m²
- Land area898 m²
- Decade built1950s
- Bedrooms3
- Bathrooms1
- Property categoryUse not published
- CouncilWaitaki District
- Valuation #26290-50037
- Valuation date1 Aug 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 numberOT394/51
- Title typeFreehold
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.
Free. Takes about a minute.
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 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 Oamaru
Waitaki District
1,649
Properties on the rating roll
1 Aug 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.
Like Oamaru?
Find your perfect home
Buyer Enquiry Over $420,000
2 1 1
A LITTLE GEM IN TOWN
22 Dee Street, Oamaru
LJ Hooker Oamaru
Buyer Enquiry Over $499,000
3 1 2
SUNSHINE, SPACE & SERENITY
53A Orwell Street, Oamaru
LJ Hooker Oamaru
Buyer Enquiry Over $469,000
4 1 0
A CENTRAL HOME WITH ROOM TO GROW
30 Exe Street, Oamaru
LJ Hooker Oamaru
Buyer Enquiry Over $649,000
6 3 0
INVESTORS DREAM, 8.4% GROSS YIELD RETURN
1A Warren Street, Oamaru
LJ Hooker Oamaru
Buyer Enquiry Over $635,000
3 2 3
AWESOME OPPORTUNITY TO OWN ON ALN STREET
56 Aln Street, Oamaru
Tall Poppy Oamaru
Buyer Enquiry Over $499,000
3 1 1
ROOM TO MAKE IT YOUR OWN
46A Nen Street, Oamaru
LJ Hooker Oamaru
Enquiries Over $395,000
2 1 1
Art Deco on Alamein
56 Alamein Terrace, Oamaru
Harcourts Oamaru
Auction
2 1 1
Auction Sat, 14 Nov
UNLOCK THE POTENTIAL
6 Orwell Street, Oamaru
LJ Hooker Oamaru
Buyer Enquiry Over $659,000
3 2 2
A CHARACTER OPPORTUNITY AWAITS
45 Severn Street, Oamaru
LJ Hooker Oamaru
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
Free for property owners
Claim it, then find everything else you own.
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.