Deadline Sale
3 2 4
Deadline sale Wed, 4 Nov
Elevated Rural Living with Space and Views
13 Wilton Street, Omakau
Property Brokers
1 / 23
Unclaimed
405 Racecourse Road, Omakau
Central Otago District
Deadline Sale
- 4
- 1
- 7
- 130m²
- 2.03 ha
- Lifestyle property
- 1 Lounge
- 1 Dining room
- Separate toilet
- Separate laundry
- Workshop
- 3 Garage
- 4 Off-street parks
- Boat parking
- Deck / patio
- Outdoor entertaining
- Fencing
- Fully Fenced
- Views
- Private, Rural
- Aspect
- Easterly, Northerly, Southerly
- Insulation
- Ceiling
- Roof
- Iron
- Exterior
- Brick / Masonry Veneer
- Flooring
- Carpet, Timber, Vinyl
- Hot water
- Gas
- Water supply
- Bore
- Sewage
- Septic Tank
A Little Bit of Country
If you've been dreaming of a more relaxed way of life, where the kids and pets can roam, and the sound of birdsong replaces the hustle and bustle, this could be the lifestyle opportunity you've been waiting for.
Set amongst established trees in a mature, inviting setting, this property offers space to spread out, breathe and embrace a little of the good life. There's land to enjoy, room for the family and pets to explore, and the possibility of keeping livestock and a hoarse or two for the kids.
There's also a spacious 7m x 9.5m garage/workshop offering plenty of room for vehicles, tools, hobbies and projects - the perfect space for tinkering.
Whether you're taking your first step into lifestyle living or looking for an opportunity to add value over time, there's plenty of scope here to roll up your sleeves, make it your own and create something special.
Enjoy the freedom and country feel, while still being just 4km from the welcoming community of Omakau.
If you've been waiting for an affordable entry into the lifestyle market, this is your chance, so don't delay inquire today.
Deadline Sale closes 12 November, 1pm with prior offers considered.
Open homes 1
Sat, 7 Nov11:30 am – 12:00 pm
OwnBetter estimate
$712k
Medium confidence
We estimate it would sell for $712,000 as at 5 October 2026, in a range of $610,000 to $858,000.
Typical home in Omakau
$608k
The median of our estimates of its 199 homes
$610kLow
$650kCouncil value
$712kEstimate
$858kHigh
How we worked this out
| Council valuation, Sept 2025 | $650,000 |
|---|---|
| Market movement in Central Otago District since the council valuation | +6.0% |
| Apartments and houses in Central Otago District | +0.2% |
| Homes of this age in Omakau | +0.7% |
| Land as a share of the value | −0.1% |
| Nearby recent sales (2) | −0.1% |
| Its own sale in 2016 | +2.6% |
| Our estimate | $712,000 |
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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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
405 Racecourse Road as a rental
Rent estimate$640/wk$560–$740 · Little evidence
Gross yield4.7%$33,280 a year on $712k
Net yield3.8%After $5,888 of costs
Cash flow−$48/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $640 | ||
| Property manager | ||
| Rent, 52 weeks | $33,280 | |
| 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 | $27,392 | |
| Interest $498,400 at 6.00%, interest only | −$29,904 | |
| Cash flow before tax | −$2,512 | |
| Cash flow a week | −$48 | |
| Gross / net yield on the price | 4.7% / 3.8% | |
| Return on equity cash flow on the deposit, before tax | −1.2% | |
| Loses money above this interest rate, before tax | 5.50% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 5.50%. That is -1.2% a year on a $214k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area130 m²
- Land area2.14 ha
- Decade built1960s
- Bedrooms4
- Bathrooms1
- Parking4 car spaces
- Property categoryUse not published
- CouncilCentral Otago District
- Valuation #28431-23800
- Valuation date1 Sep 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 numberOT5A/1319
- Title typeFreehold
- Legal descriptionLot 1 Deposited Plan 12675
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
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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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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 Omakau
Central Otago District
272
Properties on the rating roll
1 Sep 2025
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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