Estimate $854k – $1.17m
3
10A Coal Pit Road, Gibbston
Shared parcel · 12,703 m² · LINZ
Unclaimed
10B Coal Pit Road, Gibbston
Also 1/12 Coal Pit RoadQueenstown · Queenstown-Lakes District
Last sold Apr 2016
OwnBetter estimate
$985k
Medium confidence
We estimate it would sell for $985,000 as at 5 October 2026, in a range of $861,000 to $1,180,000.
Typical home in Gibbston
$1.98m
The median of our estimates of its 145 homes
$800kCouncil value
$861kLow
$985kEstimate
$1.18mHigh
How we worked this out
| Council valuation, Sept 2024 | $800,000 |
|---|---|
| Market movement in Queenstown-Lakes District since the council valuation | +6.4% |
| Apartments and houses in Queenstown-Lakes District | +0.6% |
| Recent sales in this building | +7.1% |
| How Gibbston sells against council values | −0.1% |
| Homes of this age in Gibbston | −0.1% |
| Homes in this price range | −0.8% |
| Land as a share of the value | −0.8% |
| Nearby recent sales (3) | +5.7% |
| Its own sale in 2016 | +3.5% |
| Our estimate | $985,000 |
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.
Home loan
Every rate from 36 lenders →What it would cost to buy 10B Coal Pit Road
Estimated repayments
$1,840
$788,000 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
CCB · specialAverage5.03%
Highest5.35%
Kookmin
KookminThe lowest rather than the highest is $190 less a fortnight — about $4,945 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$1,840/fn
ICBC4.65%s$1,874/fn
Bank of China4.68%s$1,881/fn
AIA New Zealand4.99%$1,949/fn
ANZ Bank New Zealand4.99%s$1,949/fn
ASB Bank4.99%$1,949/fn
Bank of Baroda4.99%$1,949/fn
Police Credit Union4.99%$1,949/fn
Unity Credit Union4.99%s$1,949/fn
Kiwibank5.15%s$1,985/fn
Bank of New Zealand5.19%$1,994/fn
SBS Bank5.19%s$1,994/fn
The Co-operative Bank5.19%s$1,994/fn
TSB Bank5.19%s$1,994/fn
Westpac New Zealand5.19%s$1,994/fn
First Credit Union5.29%s$2,016/fn- Kookmin Bank Auckland Branch5.35%$2,030/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 10B Coal Pit 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
10B Coal Pit Road as a rental
Rent estimate$755/wk$650–$870 · Little evidence
Gross yield4.0%$39,260 a year on $985k
Net yield3.3%After $6,946 of costs
Cash flow−$46/wk30% deposit, interest only at 5.03%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate 5.03% is today’s 1-year average | ||
| Rent a week our estimate $755 | ||
| Property manager | ||
| Rent, 52 weeks | $39,260 | |
| Empty between tenants 2 weeks | ||
| Property management 9.2% incl. GST | ||
| Maintenance 5% of rent | ||
| Council rates this year | ||
| Landlord insurance the building | ||
| Body corporate levy operating levy | ||
| Net income before interest | $32,314 | |
| Interest $689,500 at 5.03%, interest only | −$34,682 | |
| Cash flow before tax | −$2,368 | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 4.69%. That is -0.8% a year on a $296k deposit. We don’t know this unit’s body corporate levy yet: type it in, or ask the agent for the disclosure statement. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area91 m²
- Decade built2010s
- Bedrooms3
- Bathrooms1
- Parking2 car spaces
- Property categoryUse not published
- CouncilQueenstown-Lakes District
- Valuation #29072-1702-B
- Valuation date1 Sep 2024
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 number766801
- Title typeUnit Title
- Estate descriptionStratum in Freehold, 1/1, Principal Unit 1B Deposited Plan 506321
- Legal descriptionPrincipal Unit 1B Deposited Plan 506321
- Title issued31 Jul 2017
- Land districtOtago
- Addresses on this property7
Instruments on this title4 registered instrumentsConsent Notice under s221(4)(a) Resource Management Act 1991 · Easement Instrument · Encumbrance · Mortgage 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
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 consents
We hold no building consents for this property yet. The council may hold records we have not seen.
Resource consents
What the council has been asked to allow under the Resource Management Act. None on this property · 9 land use or subdivision consents within 250 m.
Within 250 m
- 5 Nov 2024Land use
MONTE CHRISTO HOLDINGS LIMITED - LAND USE CONSENT TO CONSTRUCT RESIDENTIAL UNITS FOR USE AS VISITOR ACCOMMODATION, CONSTRUCT TWO ABLUTIONS BLOCKS, ALTERATIONS TO AN OUTDOOR AREA INCLUDED A PERGOLA, UPGRADE AND ESTABLISHMENT OF SIGNAGE WITHIN AN EXTENT OF PLACE OF HERITAGE FEATURE, AND THE USE OF MAT
RM240917 · Queenstown-Lakes District58 mGranted - 26 Feb 2021Land use
ROCKBURN WINES LIMITED & GINGER BEERS LIMITED - TO CONVERT THE USE OF THE EXISTING STABLES BUILDING TO A COMMERCIAL ACTIVITY (WINE TASTING AND RETAIL SALES) AND TO CHANGE CONDITIONS OF RM100701, RM140551, AND RM100743 TO RELOCATE AN EXISTING WINE TASTING AND RETAIL SALES ACTIVITY TO AN ALTERNATIVE B
RM210120 · Queenstown-Lakes District58 mGranted - 4 May 2018Land use
VARIATION OF CONDITION 1 AND 13 OF RM140551 AS AMENDED BY RM171062 AT COAL PIT ROAD, GIBBSTON VALLEY, QUEENSTOWN
RM180651 · Queenstown-Lakes District91 mGranted - 3 Oct 2017Land use
LAND USE CONSENT TO UTILISE A CATEGORY 3 PROTECTED FEATURE KNOWN AS 'THE STABLES' FOR A COMMERCIAL ACTIVITY. APPLICATION UNDER S127 TO VARY CONDITION 1 OF RM140551 AT 8 COAL PIT ROAD, GIBBSTON
RM171062 · Queenstown-Lakes District91 mGranted - 7 Sep 2017Land use
RELOCATE 6 VISITOR ACCOMMODATION UNITS AND ONE MANAGER’S UNIT TO THE SITE, WITH ASSOCIATED EARTHWORKS AND LANDSCAPING, AND TO UNDERTAKE A UNIT TITLE SUBDIVISION AT 10 COAL PIT ROAD, GIBBSTON
RM170565 · Queenstown-Lakes District43 mGranted - 9 May 2017Land use
TO VARY CONDITIONS 5(B) AND 7 OF RM120740 AT 8-10 COAL PIT ROAD, GIBBSTON
RM170424 · Queenstown-Lakes District43 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
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.
We do not hold flood maps for Queenstown-Lakes 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 CouncilWhat 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 Gibbston
Queenstown-Lakes District
249
Properties on the rating roll
1 Sep 2024
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 Gibbston?
Find your perfect home
Finding a picture…
$930,000 CV
2
12 Coal Pit Road, Gibbston
Estimate $638k – $898k
2
10D Coal Pit Road, Gibbston
Estimate $930k – $1.28m
12 Coal Pit Road, Gibbston
Finding a picture…
$540,000 CV
2
12 Coal Pit Road, Gibbston
Estimate $483k – $717k
2
12 Coal Pit Road, Gibbston
Estimate $483k – $717k
2
12 Coal Pit Road, Gibbston
Estimate $483k – $717k
2
12 Coal Pit Road, Gibbston
Finding a picture…
Estimate $428k – $635k
2
12 Coal Pit Road, Gibbston
Finding a picture…
No value on record
2226 Gibbston Highway, Gibbston
Agents active in Gibbston
People whose office is within 5 km of Gibbston, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Independent
Thomas MacaulaySalesperson
Tinkerbell Brinsley-TurnerSalesperson
Julian BrownSalesperson
Daniel FinniganSalesperson
Frances GalvinSalesperson
Mark HarrisAgent
Gareth IrelandSalesperson
Allyra McGrathSalesperson
Dione MolnarSalesperson
Megan OsborneSalesperson
Olivia OwenSalesperson
Russell ReddellSalesperson
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.