Negotiation
3 2 1
HIGHLY MOTIVATED VENDORS, SAYS SELL!
40 Dodd Road, Rolleston
Ray White Town & Lifestyle
1 / 17
- 3
- 2
- 6
- 660 m²
- House
- 1 Lounge
- 1 Garage
- 5 Off-street parks
Now Is The Time To Act - One Very Motivated Seller
Comfortable and cleverly laid-out, this three bedroom Rolleston home blends privacy with open-plan living ideal for families or investors. The private master suite features an ensuite and walk in wardrobe, while the two additional bedrooms are generous doubles with wardrobe space. Practical living is well considered throughout, with indoor, outdoor flow and low maintenance grounds.
Key features
• Currently tenanted with a 12 month tenancy already in place • Turnkey for investors • Excellent rental returns, making this a strong investment option • Large, fully fenced and well landscaped garden, space galore for kids to play • Plenty of off street parking, with space to park a camper if needed • Tidy, easy-care section • Three bedrooms: private master suite plus two double bedrooms with wardrobe space • Master positioned separately from the other bedrooms for added privacy • Ensuite and generous walk in wardrobe in the master • Family bathroom with separate shower, bath and vanity • Spacious kitchen with ample bench and storage space • Open plan dining and lounge opening to the outdoor area • Outdoor space with room for seating, perfect for morning coffee • Heat pump/air-conditioning for year round comfort • Large single garage with internal access and laundry
This property is a versatile option: a rental-ready investment with immediate income, or a great family home to buy now and move into later while letting the rental cover costs. Located in rapidly growing Rolleston, with a fantastic school and shopping precinct close by, it offers both lifestyle convenience and strong growth potential. The private positioning, generous outdoor area and neat landscaping create a welcoming family atmosphere and plenty of room for weekend fun and entertaining.
Contact us to arrange a viewing or for more details.
To download the information for this property, please copy this link into your web browser: https://new.propertyfiles.co.nz/id/19aColeridge
Source: Please be aware that this information may have been sourced from third parties and we have not been able to independently verify the accuracy of the same. Land and Floor area measurements are approximate and boundary lines are indicative only. We highly recommend you to complete your own research and seek independent legal and/or technical advice.
Open homes 1
Wed, 11 Nov7:00 pm – 7:30 pm
Added to OwnBetter 7 Nov 2026
OwnBetter estimate
$724k
Medium confidence
We estimate it would sell for $724,000 as at 5 October 2026, in a range of $650,000 to $824,000.
Typical home in Rolleston
$799k
The median of our estimates of its 12,830 homes
$650kLow
$690kCouncil value
$724kEstimate
$824kHigh
How we worked this out
| Council valuation, Sept 2024 | $690,000 |
|---|---|
| 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 | −0.5% |
| Land as a share of the value | +0.9% |
| Nearby recent sales (15) | +1.1% |
| Its own sale in 2023 | +0.3% |
| Our estimate | $724,000 |
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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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
19A Coleridge Street as a rental
Rent estimate$650/wk$560–$750 · Little evidence
Gross yield4.7%$33,800 a year on $724k
Net yield3.8%After $5,980 of costs
Cash flow−$50/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $650 | ||
| Property manager | ||
| Rent, 52 weeks | $33,800 | |
| 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 | $27,820 | |
| Interest $506,800 at 6.00%, interest only | −$30,408 | |
| Cash flow before tax | −$2,588 | |
| Cash flow a week | −$50 | |
| 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 | 5.49% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 5.49%. That is -1.2% a year on a $217k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area130 m²
- Land area660 m²
- Decade built2020s
- Bedrooms3
- Bathrooms2
- Property categoryRD202B
- Zoning (valuer’s record)9A
- CouncilSelwyn District
- Valuation #24051-22902
- 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 number1161964
- Title typeFreehold
- Legal descriptionLot 2 Deposited Plan 598665
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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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
49 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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