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Unclaimed

30 Timaru Road, Waimate

Waimate District

Enquiries Over $650,000

  • 3
  • 1
  • 4
  • 157m²
  • 2,033 m²
  • House

Half-acre haven with room to roam

If you're looking for space, comfort and a little room to enjoy the good life, this half-acre property could be just what you've been waiting for. AKA The Old Tin Shed.

The home offers three generous double bedrooms, with the master bedroom enjoying direct access to the patio. The open-plan living area is warm and inviting, featuring a log burner and doors opening onto a covered patio.

The modern kitchen and bathroom add a contemporary touch, while a separate laundry and two toilets provide plenty of everyday convenience. A smart heat- system helps keep the home comfortable year-round.

Outside, the sealed driveway leads to a tandem garage with workshop, plus an extensive shed providing excellent storage and workspace. There's also plenty of room in the paddock for a pony, a few sheep, chickens or simply space for the kids to enjoy.

With generous grounds, great garaging and shedding, modern comforts and close proximity to local amenities, this property offers the best of both worlds - space to spread out without giving up convenience.

Come and see what half an acre could look like for you.

Disclaimer:

Please note, general property details are sourced from property data software and local council records and we may not have been able to verify the accuracy of some information. All intending purchasers are advised to conduct their own due diligence investigations. Enting Real Estate Limited Licensed (REAA 2008).

Open homes 1

Sat, 7 Nov10:05 am – 10:35 am
.ics
OwnBetter estimate
$595k
Medium confidence

We estimate it would sell for $595,000 as at 5 October 2026, in a range of $534,000 to $676,000.

Typical home in Waimate
$433k
The median of our estimates of its 2,135 homes
How we worked this out
Council valuation, Jun 2025$580,000
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+0.3%
Nearby recent sales (15)+0.1%
Its own sale in 2020+0.1%
Our estimate$595,000

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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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

30 Timaru Road as a rental

Rent estimate$585/wk$510–$680 · Little evidence
Gross yield5.1%$30,420 a year on $595k
Net yield4.2%After $5,382 of costs
Cash flow+$1/wk30% deposit, interest only at 6.00%
Line
Price Our estimate
Deposit
Interest rate
Rent a week our estimate $585
Property manager
Rent, 52 weeks$30,420
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$25,038
Interest $416,500 at 6.00%, interest only−$24,990
Cash flow before tax+$48
Cash flow a week+$1
Gross / net yield on the price5.1% / 4.2%
Return on equity cash flow on the deposit, before tax0.0%
Loses money above this interest rate, before tax6.01%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 6.01%. That is 0.0% a year on a $179k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area157 m²
  • Land area2,034 m²
  • Decade built1950s
  • Bedrooms3
  • Bathrooms2
  • Property categoryUse not published
  • CouncilWaimate District
  • Valuation #25230-54000
  • 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 numberCB13B/1495
  • Title typeFreehold
  • Legal descriptionLot 15 Deposited Plan 138
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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The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.

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