Title boundary · 381,183 m² · LINZ
Unclaimed

38 Smiths Road, Teviot

Roxburgh · Central Otago District

Last sold Mar 2013

Teviot Station Woolshed Ruins, Teviot. Image courtesy of www.flickr.com
Heritage listCategory 1 historic place

Teviot Station Woolshed Ruins

List No. 336Built 1880–1924Listed 1991

DESCRIPTION: Teviot Station was developed by Captain John Cargill and his brother-in-law, E.R. Anderson, during the 1860s and 1870s. Cargill, who was the eldest son of Captain William Cargill, co-founder of the Dunedin settlement, applied for the lease of Run 199 (Teviot) in 1857 and by 1871 the property carried over 42,000 sheep on 64,000 acres of land on both sides of the Clutha River.

Read the entry on the Heritage List →

Photo: Hugh McCall – Braxholm, 2014, © Hugh McCall

OwnBetter estimate
$2.68m
Low confidence

We estimate it would sell for $2,680,000 as at 5 October 2026, in a range of $2,140,000 to $3,310,000.

Typical home in Teviot
$946k
The median of our estimates of its 15 homes
How we worked this out
Council valuation, Sept 2025$2,520,000
Market movement in Central Otago District since the council valuation+6.0%
Apartments and houses in Central Otago District+0.2%
Homes in this price range+0.4%
Land as a share of the value−0.2%
Our estimate$2,680,000

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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What it costs to live here

Home expense estimates

Mortgage: open the section
$10,851a month, all in

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

What it would cost to buy 38 Smiths Road

Every rate from 36 lenders →
Estimated repayments
$5,006
$2,144,000 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
Average5.03%
Highest5.35%Kookmin

The lowest rather than the highest is $517 less a fortnight — about $13,454 over the 1 year.

All 17 lenders at 1 year fixed
  • China Construction Bank4.49%s$5,006/fn
  • ICBC4.65%s$5,100/fn
  • Bank of China4.68%s$5,118/fn
  • AIA New Zealand4.99%$5,303/fn
  • ANZ Bank New Zealand4.99%s$5,303/fn
  • ASB Bank4.99%$5,303/fn
  • Bank of Baroda4.99%$5,303/fn
  • Police Credit Union4.99%$5,303/fn
  • Unity Credit Union4.99%s$5,303/fn
  • Kiwibank5.15%s$5,401/fn
  • Bank of New Zealand5.19%$5,425/fn
  • SBS Bank5.19%s$5,425/fn
  • The Co-operative Bank5.19%s$5,425/fn
  • TSB Bank5.19%s$5,425/fn
  • Westpac New Zealand5.19%s$5,425/fn
  • First Credit Union5.29%s$5,486/fn
  • Kookmin Bank Auckland Branch5.35%$5,523/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 38 Smiths 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

38 Smiths Road as a rental

Rent estimate$1,115/wk$970–$1,280 · Little evidence
Gross yield2.2%$57,980 a year on $2.68m
Net yield1.8%After $10,258 of costs
Cash flow−$897/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 yearNot known
Landlord insurance the buildingNot known
Net income before interest$47,722
Interest $1,876,000 at 5.03%, interest only−$94,363
Cash flow before tax−$46,641

The rent covers the interest at rates up to 2.54%. That is -5.8% a year on a $804k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area276 m²
  • Decade built2000s
  • Bedrooms5
  • Bathrooms3
  • Parking3 car spaces
  • Property categoryUse not published
  • CouncilCentral Otago District
  • Valuation #28473-4602
  • Valuation date1 Sep 2025

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 number161212
  • Title typeFreehold
  • Estate descriptionFee Simple, 1/1, Lot 1 Deposited Plan 339179, 385,570 m2
  • Legal descriptionLot 1 Deposited Plan 339179
  • Land area381,183 m²
  • Title issued6 Oct 2004
  • Land districtOtago
Instruments on this title3 registered instrumentsEasement Instrument ×2 · Climate Change Response Act 2002 - Notice of status under s195(2) 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

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Building consents

We hold no building consents for this property yet. The council may hold records we have not seen.

Unclaimed
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1One live recordCouncil valuation, title details and registered interests, kept current rather than gathered again every time you need them.
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3Providers compete for itPut the mortgage, the insurance and the power out to people who want the business — on your terms, when you ask.
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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 Central Otago 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 Council

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 Teviot

Central Otago District
56
Properties on the rating roll
1 Sep 2025
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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