Negotiation
5 3 3
Resort-Style Family Living
41 Sheridan Drive, Rolleston
Ray White Cashmere
1 / 41
- 7
- 3
- 4
- 1,653 m²
- House
Two homes, one exceptional opportunity
Deadline Sale (unless sold prior) 4pm, Wed 25 Nov 2026
Please copy and paste this website address into your internet browser to download the property file: http://www.propertyfiles.co.nz/5532187
Some properties are simply in a league of their own, and this is undoubtedly one of them. Boasting an incredible 442sqm (approximately) floor area, two residences and an expansive, beautifully established 1,653sqm section, this is an exceptionally rare opportunity to secure a property of truly impressive proportions.
Designed with multi-generational living at its heart, the scale and versatility on offer here are simply outstanding. Whether accommodating multiple generations under one roof, providing independence for extended family or exploring the potential for home and income, the possibilities are as impressive as the property itself.
The main family residence, approximately 296sqm, is wonderfully generous and is certainly substantial in size, offering five spacious double bedrooms, three expansive living areas and two bathrooms. There is room for everyone to spread out, come together and enjoy their own space, while an internal access double garage adds everyday practicality.
Equally impressive is the substantial, separate family flat (approximately 146sqm), providing an entirely independent living environment. Featuring two bedrooms, two living areas, an additional study, a bathroom and separate laundry, it offers an exceptional level of accommodation rarely found in a secondary dwelling. An internal access double garage and separate access further enhance the independence of this space.
Outside, the sheer expanse of the 1,653sqm section is another defining feature. Beautifully established and offering an abundance of room to enjoy, this is a property where space is certainly not in short supply. Positioned within the sought-after Shearalea Estate, the location is certainly appealing being conveniently close to Foster Park, Selwyn Sports Centre and Selwyn Aquatic Centre.
Adding to the appeal, both residences have recently been refreshed with new paint and carpet throughout, providing an updated, welcoming feel and allowing the next owners to move straight in and enjoy.
This is far more than just a large family home - it is a unique opportunity that opens the door to possibilities most properties simply cannot offer.
Open homes 1
Sun, 8 Nov1:00 pm – 1:30 pm
Added to OwnBetter 5 Nov 2026
OwnBetter estimate
$1.3m
Medium confidence
We estimate it would sell for $1,300,000 as at 5 October 2026, in a range of $1,110,000 to $1,480,000.
Typical home in Rolleston
$799k
The median of our estimates of its 12,830 homes
$1.11mLow
$1.22mCouncil value
$1.3mEstimate
$1.48mHigh
How we worked this out
| Council valuation, Sept 2024 | $1,220,000 |
|---|---|
| Market movement in Selwyn District since the council valuation | +2.9% |
| How Rolleston sells against council values | −0.9% |
| Homes of this age in Rolleston | +0.9% |
| Homes in this price range | +1.9% |
| Land as a share of the value | −0.5% |
| Nearby recent sales (15) | +2.2% |
| Our estimate | $1,300,000 |
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.
Investor insights
1 Baxter Crescent as a rental
Rent estimate$860/wk$750–$990 · Little evidence
Gross yield3.4%$44,720 a year on $1.3m
Net yield2.8%After $7,912 of costs
Cash flow−$342/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $860 | ||
| Property manager | ||
| Rent, 52 weeks | $44,720 | |
| 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 | $36,808 | |
| Interest $910,000 at 6.00%, interest only | −$54,600 | |
| Cash flow before tax | −$17,792 | |
| Cash flow a week | −$342 | |
| Gross / net yield on the price | 3.4% / 2.8% | |
| Return on equity cash flow on the deposit, before tax | −4.6% | |
| Loses money above this interest rate, before tax | 4.04% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 4.04%. That is -4.6% a year on a $390k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area443 m²
- Land area1,653 m²
- Decade built2000s
- Bedrooms7
- Bathrooms3
- Property categoryRCXXXB
- Zoning (valuer’s record)9A
- CouncilSelwyn District
- Valuation #24055-19446
- 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 number235710
- Title typeFreehold
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.
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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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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.
Zoning (rating roll)9A
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 Rolleston
Selwyn District
15,261
Properties on the rating roll
1 Sep 2024
Last council revaluation
Buyer demand
57 people looked at properties in Rolleston this week.
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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