Estimate $3.79m – $5.86m
4
2455 Gibbston Highway, Gibbston
2 title boundaries · 346,036 m² · LINZ
Unclaimed
147 Coal Pit Road, Gibbston
Queenstown · Queenstown-Lakes District
Last sold Aug 2005
OwnBetter estimate
$3.67m
Low confidence
We estimate it would sell for $3,670,000 as at 5 October 2026, in a range of $2,930,000 to $4,530,000.
Typical home in Gibbston
$1.98m
The median of our estimates of its 145 homes
$2.93mLow
$3.45mCouncil value
$3.67mEstimate
$4.53mHigh
How we worked this out
| Council valuation, Sept 2024 | $3,450,000 |
|---|---|
| Market movement in Queenstown-Lakes District since the council valuation | +6.4% |
| How Gibbston sells against council values | −0.1% |
| Homes of this age in Gibbston | −0.1% |
| Homes in this price range | −0.1% |
| Land as a share of the value | +0.3% |
| Nearby recent sales (2) | −0.1% |
| Our estimate | $3,670,000 |
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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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 147 Coal Pit Road
Estimated repayments
$6,855
$2,936,000 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 $709 less a fortnight — about $18,424 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$6,855/fn
ICBC4.65%s$6,984/fn
Bank of China4.68%s$7,008/fn
AIA New Zealand4.99%$7,263/fn
ANZ Bank New Zealand4.99%s$7,263/fn
ASB Bank4.99%$7,263/fn
Bank of Baroda4.99%$7,263/fn
Police Credit Union4.99%$7,263/fn
Unity Credit Union4.99%s$7,263/fn
Kiwibank5.15%s$7,395/fn
Bank of New Zealand5.19%$7,429/fn
SBS Bank5.19%s$7,429/fn
The Co-operative Bank5.19%s$7,429/fn
TSB Bank5.19%s$7,429/fn
Westpac New Zealand5.19%s$7,429/fn
First Credit Union5.29%s$7,513/fn- Kookmin Bank Auckland Branch5.35%$7,563/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 147 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
147 Coal Pit Road as a rental
Rent estimate$1,115/wk$970–$1,280 · Little evidence
Gross yield1.6%$57,980 a year on $3.67m
Net yield1.3%After $10,258 of costs
Cash flow−$1,567/wk30% deposit, interest only at 5.03%
| Rent, 52 weeks | $57,980 |
|---|---|
| Empty between tenants 2 weeks | −$2,230 |
| Property management 9.2% incl. GST | −$5,129 |
| Maintenance 5% of rent | −$2,899 |
| Council rates this year | Not known |
| Landlord insurance the building | Not known |
| Net income before interest | $47,722 |
| Interest $2,569,000 at 5.03%, interest only | −$129,221 |
| Cash flow before tax | −$81,499 |
The rent covers the interest at rates up to 1.86%. That is -7.4% a year on a $1.1m deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area340 m²
- Decade built2010s
- Bedrooms5
- Bathrooms3
- Parking2 car spaces
- Property categoryUse not published
- CouncilQueenstown-Lakes District
- Valuation #29072-2500
- 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 numbersOT15C/297, OT15C/298
- Title typeFreehold
- Estate descriptionFee Simple, 1/2, Section 36, 39 Block III Kawarau Survey District and Section 7-8 Survey Office Plan 357548, 172,704 m2
- Legal descriptionSection 36, 39 Block III Kawarau Survey District and Section 7-8 Survey Office Plan 357548
- Land area161,467 m²
- Shared land1/2 share of 172,704 m² common lot
- Title issued23 May 1994
- Land districtOtago
Instruments on these titles4 registered instrumentsCovenant (All types except Land covenants) · Easement Instrument · Gazette Notice/Order in Council/Proclamation · 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
Building work the council has consented on this property, newest first. 1 consent on record.
- 13 Nov 2017Adds/Alts$500,000 declared
147 Coal Pit Road, Gibbston Valley, Queenstown - Construction of a new 4 bed dwelling w/ attached garage & separate 2 bed accommodation unit.
Consent BC171198 · Queenstown-Lakes District
Resource consents
What the council has been asked to allow under the Resource Management Act. None on this property · 4 land use or subdivision consents within 250 m.
Within 250 m
- 24 Sep 2021Land use
J HERSHBEIN & K SOMMERS - VARIATION OF CONDITION 1 OF RM031135 TO PROVIDE FOR AN AMENDED BUILDING PLATFORM AT COAL PIT ROAD, GIBBSTON, QUEENSTOWN
RM210866 · Queenstown-Lakes District233 mGranted - 10 Oct 2017Land use
RESIDENTIAL UNITS IN AN APPROVED BUILDING PLATFORM AT 147 COALPIT ROAD, GIBBSTON
RM171069 · Queenstown-Lakes District165 mGranted - 5 Aug 2016Land use
To construct up to two bores including one production bore for the purpose of accessing ground water
RM16.212.01 · Otago Regional141 mGranted - 10 Jun 2015Land use
ESTABLISH A 981M2 RBP WITH A 1500M2 CURTILAGE AREA. THE PROPOSED RBP WILL BE SUBJECT TO DESIGN CONTROLS. EARTHWORKS ARE PROPOSED TO PROVIDE FOR A RESIDENTIAL DEVELOPMENT ON THE RBP, SITE PREPARATION, & SERVICING. AT COAL PIT RD
RM150383 · Queenstown-Lakes District165 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
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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.
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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.
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