$800,000 Plus GST (if any)
Premium location, proven vines, future potential
152 Murrays Road, Spring Creek
Bayleys Marlborough
1 / 30
Unclaimed
132 Murrays Road, Spring Creek
Marlborough District
Deadline Sale
- 3
- 1
- 2
- 275m²
- 4.11 ha
- Lifestyle with dwelling
Your country lifestyle, with income to match
Imagine enjoying the freedom of country living while having an established vineyard helping to generate income, all just five minutes from Blenheim. At 132 Murrays Road, you can enjoy the best of both worlds with space to live, room to grow and an established rural business right on your doorstep. Set on 4.11 hectares in the fertile lower Wairau Valley, this appealing property offers you the opportunity to combine lifestyle and investment in one convenient location. With 3.06 canopy hectares of meticulously maintained vineyard and a transferable 10-year grape supply agreement, you can step into an established operation with an income stream already in place. The vineyard has been carefully managed, with replacement vines planted to rejuvenate the block and help maintain production. Flat contour, productive soils and excellent access make day-to-day vineyard operations practical and efficient. With no irrigation required and minimal fertiliser needs, you'll also appreciate the property's economical approach to ongoing management.
When it's time to put work aside, you'll enjoy the comfort and privacy of your substantial 1990s home. Set well back from Murrays Road, the home offers a peaceful retreat with reduced road noise and a relaxed rural outlook. Inside, you'll find three bedrooms, including a master with walk-in wardrobe and Jack-and-Jill bathroom, alongside an open-plan kitchen, dining and living area that brings everyone together. A fireplace adds warmth through the cooler months, while the double garage provides secure parking and extra convenience. Step outside and discover established gardens, mature trees and hedging that create a private, sheltered setting for you and your family to enjoy. Whether you're entertaining friends, growing your own fruit and vegetables, spending time outdoors or watching the kids and pets explore, there's room here to embrace the country lifestyle you've been looking for.
You'll also benefit from two separate farm sheds, both with concrete floors, giving you practical space for vehicles, machinery, tools and general storage. With easy access throughout the property, you can comfortably manage your vineyard activities while making the most of everything your rural setting has to offer. And when you need to head into town, Blenheim's shops, schools and services are just minutes away, with State Highway 1 close at hand for convenient travel further afield.
If you're looking for more space, an established income stream and the freedom to enjoy rural living without sacrificing convenience, this is an opportunity worth exploring. Make the most of your own piece of Marlborough — where you can enjoy the lifestyle, manage a productive vineyard and create a future that works for you.
OwnBetter estimate
$2.0m
Medium confidence
We estimate it would sell for $2,000,000 as at 5 October 2026, in a range of $1,710,000 to $2,270,000.
Typical home in Spring Creek
$595k
The median of our estimates of its 219 homes
$1.71mLow
$2.0mEstimate
$2.06mCouncil value
$2.27mHigh
How we worked this out
| Council valuation, Jul 2023 | $2,060,000 |
|---|---|
| Market movement in Marlborough District since the council valuation | +0.7% |
| How Spring Creek sells against council values | −0.3% |
| Homes of this age in Spring Creek | −0.7% |
| Homes in this price range | −2.1% |
| Nearby recent sales (9) | −0.5% |
| Our estimate | $2,000,000 |
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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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
132 Murrays Road as a rental
Rent estimate$1,075/wk$930–$1,240 · Little evidence
Gross yield2.8%$55,900 a year on $2.0m
Net yield2.3%After $9,890 of costs
Cash flow−$731/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $1,075 | ||
| Property manager | ||
| Rent, 52 weeks | $55,900 | |
| 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 | $46,010 | |
| Interest $1,400,000 at 6.00%, interest only | −$84,000 | |
| Cash flow before tax | −$37,990 | |
| Cash flow a week | −$731 | |
| Gross / net yield on the price | 2.8% / 2.3% | |
| Return on equity cash flow on the deposit, before tax | −6.3% | |
| Loses money above this interest rate, before tax | 3.29% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 3.29%. That is -6.3% a year on a $600k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area275 m²
- Land area4.11 ha
- Decade built1990s
- Bedrooms4
- Bathrooms3
- Parking2 car spaces
- Property categoryUse not published
- CouncilMarlborough District
- Valuation #20261-41102
- Valuation date1 Jul 2023
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 numberMB2A/634
- Title typeFreehold
- Legal descriptionLot 5 Deposited Plan 3604
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.
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 Spring Creek
Marlborough District
382
Properties on the rating roll
1 Jul 2023
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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The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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