Deadline Sale
3 1 5
Deadline sale Thu, 26 Nov
Space, Potential & Plenty of Possibilities!
67 Cardigan Road, Wyndham
Harcourts Gore
1 / 32
- 1
- 1
- 204m²
- 1,012 m²
- House
A unique opportunity going to auction!
Something a little different is coming to the market at 28 Redan Street, Wyndham. Originally the "Oddfellows Hall", this building has been converted into a residential dwelling, offering plenty of space and versatility for the new owner.
Step inside and see the transformation! The home offers two generous living areas, kept comfortable with two heat pumps and a fireplace, while the beautiful wooden floors retain the building's original character and charm. The versatile layout includes an open-plan kitchen and dining area, along with a second kitchen equipped with commercial appliances, offering plenty of flexibility. The best part - the home will come furnished with an extensive chattels list. The bedroom features a walk-in wardrobe and sliding doors that open onto a sunny deck. This will be the perfect spot to relax or entertain!
Set on a generous quarter-acre section, the property is fully fenced with a two-bay carport and ample off-street parking. Properties like this don't come along every day! Whether you're looking for something a little outside the ordinary or a property with potential to make your own, 28 Redan Street is well worth a look. Auction is set for Wednesday 18th November 2026 at 12:30pm (unless sold prior). This will be held at the Invercargill Property Brokers office located at 34 Yarrow Street, Invercargill.
Get in touch with Team Georgia to find out more!.
Open homes 1
Sat, 7 Nov11:00 am – 11:30 am
Rent estimate · 2 Nov 2026
$350 – $470/week
Most likely about $410 a week · Little evidence: a rough guide
Estimated rental yield
7.8%
What is rental yield?
Gross rental yield is a year’s rent as a share of what the property is worth: $410 × 52 weeks = $21,320, against the council valuation of $275,000. It is before rates, insurance, maintenance, management and vacancies, so what an owner keeps (the net yield) is lower.
How we worked this out
| Evidence | Points to | Counted |
|---|---|---|
| From its value what rentals in the area typically yield | $410 | 100% |
We read this property as a house. Rentals advertised nearby count most when they are close, recent and alike; the more of them there are, the less the area’s bond figures count. Bond figures are rents agreed in new tenancies, from Tenancy Services, placed within the area by how this property’s council valuation compares with similar homes there.
These are computer-generated guides only, not a rental appraisal.
My notes
Sign in to rate this property, keep private notes on it and record what you think it is worth. Only you see them.
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Sign in for the free reportHome expense estimates
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
28 Redan Street as a rental
Rent estimate$410/wk$350–$470 · Little evidence
Gross yield7.8%$21,320 a year on $275k
Net yield6.4%After $3,772 of costs
Cash flow+$115/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Council valuation | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $410 | ||
| Property manager | ||
| Rent, 52 weeks | $21,320 | |
| 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 | $17,548 | |
| Interest $192,500 at 6.00%, interest only | −$11,550 | |
| Cash flow before tax | +$5,998 | |
| Cash flow a week | +$115 | |
| Gross / net yield on the price | 7.8% / 6.4% | |
| Return on equity cash flow on the deposit, before tax | 7.3% | |
| Loses money above this interest rate, before tax | 9.12% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 9.12%. That is 7.3% a year on a $83k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area204 m²
- Land area1,012 m²
- Property categoryRD196B
- Zoning (valuer’s record)9A
- CouncilSouthland District
- Valuation #29900-4200
- Valuation date1 Jul 2024
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 numberSL8/260
- Title typeFreehold
- Legal descriptionSection 17 Block II Town of Wyndham
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.
Unclaimed
Nobody is tracking this property yet
If it is yours, claiming it puts the council record, the title and what it costs you to hold in one place — and lets you put your lending, insurance and power out to people who compete for them.
Free. Takes about a minute.
We check your name against the registered owner on the title before a claim is accepted. Nothing on this page changes for anyone else, and no provider is contacted until you ask.
What claiming gets you
1One live recordCouncil valuation, title details and registered interests, kept current rather than gathered again every time you need them.
2Your lending in the pictureAdd what you owe, or connect the bank, and the equity and LVR stop being a calculation you redo by hand.
3Providers compete for itPut the mortgage, the insurance and the power out to people who want the business — on your terms, when you ask.
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.
Zoning (rating roll)9A
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 Wyndham
Southland District
416
Properties on the rating roll
1 Jul 2024
Last council revaluation
Counts describe the records we hold for this territorial authority, not a market forecast. OwnBetter has no estimate for this property. Every council figure on this page can be checked against the council's own record.
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