$465,000
4 1 1
A Diamond in the Rough in the Heart of Otematata
42 Buller Crescent, Otematata
Property Brokers
Aerial · LINZ aerial
Unclaimed
3 Albert Place, Otematata
Waitaki District
Enquiries Over $408,000
- 772 m²
- Residential
Build Your Otematata Dream
Centrally located in the heart of Otematata, this 772m� section offers a rare opportunity to secure your piece of this holiday destination. Opportunities to build in Otematata don't come along often, making this a chance to create a home or holiday escape exactly the way you've envisioned.
Just minutes from town amenities, local cafes, and essential services, this section combines convenience with the relaxed pace of small-town living. The surrounding lakes, rivers, and outdoor recreation spots provide endless possibilities for boating, fishing, hiking, and enjoying the natural beauty of the region.
Whether you're planning a permanent family home, a cosy bach for weekend getaways, or a tranquil retreat to escape the hustle and bustle, this section gives you the freedom to design a property that perfectly suits your lifestyle. There is also the option to explore a house and land package with Stroud Homes, offering a simplified and stress-free path to bringing your vision to life - https://www.stroudhomes.co.nz/house-land-packages/?region=no-region&pg=1&search_text=Otematata
With land opportunities in Otematata minimal and rarely coming onto the market, 3 Albert Place is a blank canvas, with services to the boundary, it is ready for you to make your own. Don't miss your chance to secure a spot in this delightful lakeside town.
Contact Karan and the team from LJ Hooker to receive the property file and to even meet on site to discuss your dream build.
Land Size: 772m2
OwnBetter estimate
$339k
Medium confidence
We estimate it would sell for $339,000 as at 5 October 2026, in a range of $304,000 to $385,000.
Typical home in Otematata
$547k
The median of our estimates of its 547 homes
$304kLow
$320kCouncil value
$339kEstimate
$385kHigh
How we worked this out
| Council valuation, Aug 2023 | $320,000 |
|---|---|
| Market movement in Waitaki District since the council valuation | +6.0% |
| Apartments and houses in Waitaki District | −0.2% |
| How Otematata sells against council values | +2.8% |
| Homes in this price range | +3.0% |
| Land as a share of the value | −3.8% |
| Nearby recent sales (15) | +1.5% |
| Its own sale in 2017 | −3.2% |
| Our estimate | $339,000 |
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.
Property data
- Land area772 m²
- Property categoryUse not published
- CouncilWaitaki District
- Valuation #26070-339
- 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 number840926
- Title typeFreehold
- Legal descriptionLot 18 Deposited Plan 525439
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.
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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.
Reading the council's maps…
What could you build here?
See how big a house this section takes at one, two and three storeys, inside the zone’s yards and height rules. Then ask builders to price the shape you pick.
About Otematata
Waitaki District
616
Properties on the rating roll
2 Sep 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.
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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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