Negotiation
3 2 2
Prime bareland opportunity
22 High Street, Waimate
Property Brokers
Aerial · LINZ aerial
Unclaimed
229 Waihao Back Road, Waimate
Waimate District
Offers Over $810,000 Plus GST (if any)
- 3
- 1
- 3
- 3.27 ha
- Lifestyle with dwelling
Country lifestyle, close to town
Offers/enquiries over $810,000 plus GST (if any)
This oh-so-private lifestyle property, just moments from town, is a must-see! Set on 3.2 hectares, this charming 1962 brick home combines timeless appeal with modern family living.
Property highlights:
• Three generous double bedrooms, all with wardrobes • Sunny covered deck flowing from the open-plan kitchen, dining and living area • Spacious separate lounge with fire on wetback plus heat pump • Insulated top and bottom for year-round comfort • Family bathroom with bath, shower and vanity, plus separate toilet • Large double garage with substantial workshop • Separate storage room with easy internal access • Three paddocks with reliable water supply • Picturesque wetlands attracting ducks and abundant birdlife • Beautiful established gardens with mature trees, colourful plantings, fruit trees and natives • Relax and unwind in your own sauna • Farmland views from the dining room and deck • North-facing patio with stunning Hunter Hills views • Plenty of room for children, pets and stock to enjoy
Lifestyle and location combined: enjoy the peace, privacy and space of country living while being just minutes from town. With established gardens, productive paddocks, beautiful views and plenty of room to roam, this is a property designed for relaxed family living and enjoying the good life.
OwnBetter estimate
$680k
Low confidence
We estimate it would sell for $680,000 as at 5 October 2026, in a range of $542,000 to $839,000.
Typical home in Waimate
$433k
The median of our estimates of its 2,135 homes
$542kLow
$670kCouncil value
$680kEstimate
$839kHigh
How we worked this out
| Council valuation, Jun 2025 | $670,000 |
|---|---|
| Market movement in Waimate District since the council valuation | +0.7% |
| Apartments and houses in Waimate District | +0.2% |
| How Waimate sells against council values | +0.1% |
| Homes of this age in Waimate | +0.2% |
| Homes in this price range | +0.7% |
| Land as a share of the value | −0.5% |
| Our estimate | $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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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
229 Waihao Back Road as a rental
Rent estimate$625/wk$540–$720 · Little evidence
Gross yield4.8%$32,500 a year on $680k
Net yield3.9%After $5,750 of costs
Cash flow−$35/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $625 | ||
| Property manager | ||
| Rent, 52 weeks | $32,500 | |
| 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 | $26,750 | |
| Interest $476,000 at 6.00%, interest only | −$28,560 | |
| Cash flow before tax | −$1,810 | |
| Cash flow a week | −$35 | |
| Gross / net yield on the price | 4.8% / 3.9% | |
| Return on equity cash flow on the deposit, before tax | −0.9% | |
| Loses money above this interest rate, before tax | 5.62% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 5.62%. That is -0.9% a year on a $204k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area137 m²
- Land area3.27 ha
- Decade built1960s
- Bedrooms3
- Bathrooms2
- Parking3 car spaces
- Property categoryUse not published
- CouncilWaimate District
- Valuation #25150-45601
- Valuation date1 Jun 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 number619579
- Title typeFreehold
- Legal descriptionLot 1 Deposited Plan 465391
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
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4Everything else you ownOne search finds other titles in your name and in companies you are a director of.
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 Waimate
Waimate District
2,767
Properties on the rating roll
10 Jun 2026
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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