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Unclaimed

2506 Waimate Highway, Waimate

Waimate District

Enquiries Over $525,000

  • 2
  • 1
  • 5
  • 110m²
  • 2,403 m²
  • House
  • 1 Lounge
  • 1 Study / office
  • 1 Dining room
  • Separate laundry
  • 1 Garage
  • 4 Off-street parks
  • Deck / patio
  • Garden shed
Fencing
Fully Fenced
Views
Rural
Aspect
Easterly, Northerly, Westerly
Insulation
Ceiling
Roof
Coloured Steel
Flooring
Carpet, Polished, Tiles, Vinyl
Hot water
Gas
Sewage
Septic Tank

Highway Haven -

Your place in the country. What we have here is Character and Convenience. Central location for work and schools, beautifully improved with new colour-steel roof, double-glazing, gas heating and hot water, a stunning, real country kitchen with masses of storage, a pantry and family size island flowing onto dining and living and all spilling out to the generous north sheltered terrace and decking. A new laundry room and up to the minute family bathroom all go hand in hand with the three bedrooms, walk-in linen room and a section that kids will just love.

A large garage with auto door and an older former sleep-out is just waiting for your imagination.

This updated character country property offers space, expansive views and a fun family lifestyle all the while so handy to the thriving country town of Waimate. If you are looking to make the move to Waimate this property has to be seriously considered if you're seeking a laid-back and peaceful lifestyle in your own private retreat. This special property delivers on all those fronts with the benefits of town a short drive away. Country-town life has a lot going for it.

Come and discover what we locals already know - Central location with easy access to the Waitaki Hydro lakes, Oamaru and Timaru, Central Otago, prosperous country town with friendly welcoming community. Waimate is Wonderful and rightly-known as the Centre of the South - Currently enjoying a renaissance.

Please be aware the floor and land area information has been sourced from Property Smarts and we have not been able to verify the accuracy of the same.

OwnBetter estimate
$491k
Low confidence

We estimate it would sell for $491,000 as at 5 October 2026, in a range of $392,000 to $606,000.

Typical home in Waimate
$433k
The median of our estimates of its 2,135 homes
How we worked this out
Council valuation, Jun 2025$480,000
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−0.7%
Homes in this price range+1.4%
Land as a share of the value+0.5%
Nearby recent sales (1)−0.1%
Our estimate$491,000

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

—a 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.

Investor insights

2506 Waimate Highway as a rental

Rent estimate$535/wk$460–$610 · Little evidence
Gross yield5.7%$27,820 a year on $491k
Net yield4.7%After $4,922 of costs
Cash flow+$44/wk30% deposit, interest only at 6.00%
Line
Price Our estimate
Deposit
Interest rate
Rent a week our estimate $535
Property manager
Rent, 52 weeks$27,820
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$22,898
Interest $343,700 at 6.00%, interest only−$20,622
Cash flow before tax+$2,276
Cash flow a week+$44
Gross / net yield on the price5.7% / 4.7%
Return on equity cash flow on the deposit, before tax1.5%
Loses money above this interest rate, before tax6.66%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 6.66%. That is 1.5% a year on a $147k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area139 m²
  • Land area2,403 m²
  • Decade built1930s
  • Bedrooms3
  • Bathrooms1
  • Parking2 car spaces
  • Property categoryUse not published
  • CouncilWaimate District
  • Valuation #25150-3300
  • 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 numberCB518/99
  • Title typeFreehold
  • Legal descriptionLot 1 Deposited Plan 12608 and Lot 3 Deposited Plan 14037
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 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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