Asking Price $449,000
3 1 5
Elevated, Sunny & Private
15 Blackwater Street, Bluff
Harcourts Invercargill
1 / 25
Unclaimed
2 Burrows Street, Bluff
Invercargill City
Enquiries Over $429,000
- 2
- 1
- 1
- 86m²
- 246 m²
- House
- 1 Lounge
- 1 Garage
- Fencing
- Partially fenced
- Aspect
- Northerly, Easterly
- Roof
- Colorsteel
- Water supply
- Town
- Sewage
- City
Waterfront Living & Holiday Letting Potential!
Positioned directly across from Bluff's waterfront, this tidy two-bedroom home offers a fantastic opportunity for those seeking a coastal getaway, easy-care living or a property with potential for holiday letting.
The open-plan kitchen, dining and living area enjoys plenty of natural light, with large windows capturing the impressive harbour views. Sliding doors open onto the front deck, providing a great spot to relax, entertain or watch the activity on the water.
Double glazed throughout and featuring low-maintenance Pallisade cladding, the home offers comfortable, practical living with minimal upkeep. Set on a compact 246m2 section, there's very little outdoor maintenance required, while the attached garage provides secure parking and additional storage.
The waterfront location and easy-care nature of the property make it an appealing option to explore for holiday letting, subject to any necessary requirements. With the option to purchase the property fully furnished, it could also make a great ready-to-enjoy holiday retreat, permanent home or lock-up-and-leave property.
With the waterfront directly across the road, this is a fantastic opportunity to enjoy coastal living, beautiful harbour views and everything Bluff has to offer.
Get in touch today to arrange your viewing.
Disclaimer - All prospective purchasers shall complete their own due diligence, seek legal and expert advice and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents. Land and floor area measurements are approximate, and boundary lines indicative only. All efforts have been made to source accurate information from reputable sources (i.e. Regional/City councils, Property-Guru, Core Logic etc). We cannot, however, verify its accuracy and suggest this should not replace independent clarification through standard due diligence.
Added to OwnBetter 25 Oct 2026
What you’ll love about this place
- About 40 m from the coast
From LINZ's topographic maps: how near the land comes to the water's edge.
OwnBetter estimate
$379k
Medium confidence
We estimate it would sell for $379,000 as at 5 October 2026, in a range of $324,000 to $431,000.
Typical home in Bluff
$334k
The median of our estimates of its 1,014 homes
$324kLow
$330kCouncil value
$379kEstimate
$431kHigh
How we worked this out
| Council valuation, Jul 2023 | $330,000 |
|---|---|
| Market movement in Invercargill City since the council valuation | +18.4% |
| Apartments and houses in Invercargill City | +0.1% |
| How Bluff sells against council values | −0.9% |
| Homes of this age in Bluff | −0.1% |
| Homes in this price range | +0.3% |
| Land as a share of the value | −1.0% |
| Nearby recent sales (15) | −1.5% |
| Our estimate | $379,000 |
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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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
2 Burrows Street as a rental
Rent estimate$470/wk$400–$540 · Little evidence
Gross yield6.4%$24,440 a year on $379k
Net yield5.3%After $4,324 of costs
Cash flow+$81/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $470 | ||
| Property manager | ||
| Rent, 52 weeks | $24,440 | |
| 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 | $20,116 | |
| Interest $265,300 at 6.00%, interest only | −$15,918 | |
| Cash flow before tax | +$4,198 | |
| Cash flow a week | +$81 | |
| Gross / net yield on the price | 6.4% / 5.3% | |
| Return on equity cash flow on the deposit, before tax | 3.7% | |
| Loses money above this interest rate, before tax | 7.58% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 7.58%. That is 3.7% a year on a $114k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area86 m²
- Land area246 m²
- Decade built2000s
- Bedrooms2
- Bathrooms1
- Parking1 car space
- Property categoryUse not published
- CouncilInvercargill City
- Valuation #30380-68401
- 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 number661573
- Title typeFreehold
- Legal descriptionLot 1 Deposited Plan 477404
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
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What claiming gets you
1One live recordCouncil valuation, title details and registered interests, kept current rather than gathered again every time you need them.
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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.
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 Bluff
Invercargill City
1,282
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. 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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