Title boundary · 41,005 m² · LINZ
Unclaimed

78 Pine Hill Road, Elderslie

Oamaru · Waitaki District

Last sold Dec 2006

Elderslie Station Stables (Former). Shows sire 'Night Raid' (in box), dam 'Entreaty' (left) the foal and filly (Te Uira) are full sisters to Phar Lap. c.1939. Permission of the Alexander Turnbull Library, Wgtn, NZ, must be obtained before any re-use of this image
Heritage listCategory 2 historic place

Elderslie Station Stables (Former)

List No. 2420Built 1869–2005Listed 1983

These stone stables were built for gentleman farmer John Reid at Elderslie Estate in the Waiareka Valley. The stables are architecturally and historically significant for their association with John Reid and his grand and picturesque Elderslie Estate. They are one of a number of buildings associated with the former estate.

Read the entry on the Heritage List →

Photo: Green and Hahn, © Alexander Turnbull Library, Wellington

Heritage listCategory 2 historic place

Elderslie Estate Men's Quarters (Former)

List No. 3251Built 1908–2000Listed 1983

These men’s quarters were built for gentleman farmer John Reid at Elderslie Estate in the Waiareka Valley in North Otago. They are architecturally and historically significant for their association with John Reid and his grand and picturesque Elderslie Estate. They are one of a number of buildings associated with the former estate.

Read the entry on the Heritage List →
OwnBetter estimate
$519k
Low confidence

We estimate it would sell for $519,000 as at 5 October 2026, in a range of $414,000 to $641,000.

Typical home in Elderslie
$553k
The median of our estimates of its 11 homes
How we worked this out
Council valuation, Aug 2023$485,000
Market movement in Waitaki District since the council valuation+6.0%
Apartments and houses in Waitaki District−0.2%
How Elderslie sells against council values+0.1%
Homes of this age in Elderslie+0.1%
Homes in this price range−0.1%
Land as a share of the value+1.0%
Nearby recent sales (1)+0.1%
Our estimate$519,000

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.

My notes
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What it costs to live here

Home expense estimates

Mortgage: open the section
$2,105a 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.

Home loan

What it would cost to buy 78 Pine Hill Road

Every rate from 36 lenders →
Estimated repayments
$971
$416,000 at 4.49% 1 year fixed with China Construction Bank, over 30 years
Loan length
1 year fixed today · 17 lenders
Lowest4.49%CCB · special
Average5.02%
Highest5.35%Kookmin

The lowest rather than the highest is $100 less a fortnight — about $2,610 over the 1 year.

All 17 lenders at 1 year fixed
  • China Construction Bank4.49%s$971/fn
  • ICBC4.65%s$990/fn
  • Bank of China4.68%s$993/fn
  • AIA New Zealand4.99%$1,029/fn
  • ANZ Bank New Zealand4.99%s$1,029/fn
  • ASB Bank4.99%$1,029/fn
  • Bank of Baroda4.99%$1,029/fn
  • Police Credit Union4.99%$1,029/fn
  • TSB Bank4.99%s$1,029/fn
  • Unity Credit Union4.99%s$1,029/fn
  • Kiwibank5.15%s$1,048/fn
  • Bank of New Zealand5.19%$1,053/fn
  • SBS Bank5.19%s$1,053/fn
  • The Co-operative Bank5.19%s$1,053/fn
  • Westpac New Zealand5.19%s$1,053/fn
  • First Credit Union5.29%s$1,064/fn
  • Kookmin Bank Auckland Branch5.35%$1,072/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 78 Pine Hill Road. Free for you — lenders pay brokers — and nobody sees your name until you choose one.

Principal 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

Investor insights

78 Pine Hill Road as a rental

Rent estimate$550/wk$470–$630 · Little evidence
Gross yield5.5%$28,600 a year on $519k
Net yield4.5%After $5,060 of costs
Cash flow+$102/wk30% deposit, interest only at 5.02%
Line
Price Our estimate
Deposit
Interest rate 5.02% is today’s 1-year average
Rent a week our estimate $550
Property manager
Rent, 52 weeks$28,600
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$23,540
Interest $363,300 at 5.02%, interest only−$18,238
Cash flow before tax+$5,302
Cash flow a week+$102
Gross / net yield on the price5.5% / 4.5%
Return on equity cash flow on the deposit, before tax3.4%
Loses money above this interest rate, before tax6.48%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 6.48%. That is 3.4% a year on a $156k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area192 m²
  • Decade built1920s
  • Bedrooms4
  • Bathrooms2
  • Property categoryUse not published
  • CouncilWaitaki District
  • Valuation #26120-25401
  • 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 number868545
  • Title typeFreeholdGuaranteedStandard registered title
  • Estate descriptionFee Simple, 1/1, Lot 1 Deposited Plan 381279 and Lot 2 Deposited Plan 531671, 40,994 m2
  • Legal descriptionLot 1 Deposited Plan 381279 and Lot 2 Deposited Plan 531671
  • Land area4.1 ha
  • Title issued15 Feb 2019
  • Land districtOtago
Registered instruments4 registered instruments on this titleTransfer and Grant of Easement ×2 · Consent Notice under s221(4)(a) Resource Management Act 1991 · Order for New Certificate of Title Only routine instruments registered 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
Nobody is tracking this property yet

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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.

We do not hold flood maps for Waitaki 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 Elderslie

Waitaki District
17
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.

The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.

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