Negotiation
5 2 3
1970's Character 2257m2 & Plenty More to Come
1594 Cust Road, Cust
Ray White Town & Lifestyle
1 / 38
Unclaimed
12 Davis Road, Cust
Also 26 Davis RoadWaimakariri District
$1,895,000 Including GST (if any)
- 3
- 2
- 16.1 ha
- Lifestyle with dwelling
Colonial farmhouse on country estate
Deadline Sale - 1pm, Wed 4 Nov 2026 (unless sold prior)
Country character and botanical garden beauty are matched by outstanding rural infrastructure across 16.15ha, taking this Cust lifestyle property from picturesque homestead to substantial country estate.
Framed by mature trees and sweeping grounds, the home takes its place within a park-like landscape, creating a memory-making setting for family life.
Heart rimu floors, brick fireplaces and timeless finishes bring warmth and tradition to a layout where two separate living rooms give daily life a natural change of pace.
The open-plan kitchen, dining and lounge take the social lead against spectacular garden scenery, with a fireplace giving the everyday living zone a natural place to unwind and another in the formal lounge giving slower evenings a setting of their own.
Three bedrooms are supported by two bathrooms, including an en-suite to the master, giving the accommodation a familiar and functional family format.
Classical character extends outdoors through verandahs and enchanting grounds, before a substantial pergola takes over for long lunches, summer dinners and larger gatherings among the gardens.
Those grounds are a feature in their own right, layered with natives, fruit trees, flowering cherries, rhododendrons, azaleas, camellias and weeping willows, before opening into gently undulating paddocks lined by mature shelter, with three ponds adding another layer to the landscape.
Rural capability is comprehensively covered by a woolshed, stable/implement shed, five-bay garage/workshop and boat/tractor/storage shed, while stock are equally well catered for through secure fencing and dedicated cattle yards. A strong water set-up combines approximately 5,000 litres per day of council supply with around 60,000 litres of tank capacity, keeping supply well covered across the property.
Two road frontages give the property additional profile, with Cust Village sitting around five minutes away and Rangiora approximately 15 minutes away, keeping rural life well connected to everyday essentials.
With its character home, unforgettable grounds and substantial rural scale, this is country living played out on significantly greater ground.
*Phone for scheduled viewing times*
*Boundary lines are indicative only*
More information: www.propertyfiles.co.nz/5531851
Added to OwnBetter 25 Oct 2026
OwnBetter estimate
$1.41m
Low confidence
We estimate it would sell for $1,410,000 as at 5 October 2026, in a range of $1,160,000 to $1,720,000.
Typical home in Cust
$1.01m
The median of our estimates of its 425 homes
$1.16mLow
$1.35mCouncil value
$1.41mEstimate
$1.72mHigh
How we worked this out
| Council valuation, Jun 2025 | $1,350,000 |
|---|---|
| Market movement in Waimakariri District since the council valuation | +2.6% |
| Apartments and houses in Waimakariri District | +0.7% |
| How Cust sells against council values | −0.5% |
| Homes of this age in Cust | +0.1% |
| Homes in this price range | +0.8% |
| Land as a share of the value | +0.9% |
| Our estimate | $1,410,000 |
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
12 Davis Road as a rental
Rent estimate$905/wk$780–$1,040 · Little evidence
Gross yield3.3%$47,060 a year on $1.41m
Net yield2.7%After $8,326 of costs
Cash flow−$394/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $905 | ||
| Property manager | ||
| Rent, 52 weeks | $47,060 | |
| 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 | $38,734 | |
| Interest $987,000 at 6.00%, interest only | −$59,220 | |
| Cash flow before tax | −$20,486 | |
| Cash flow a week | −$394 | |
| Gross / net yield on the price | 3.3% / 2.7% | |
| Return on equity cash flow on the deposit, before tax | −4.8% | |
| Loses money above this interest rate, before tax | 3.92% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 3.92%. That is -4.8% a year on a $423k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area240 m²
- Land area16.2 ha
- Decade built1980s
- Bedrooms3
- Bathrooms2
- Parking2 car spaces
- Property categoryUse not published
- CouncilWaimakariri District
- Valuation #21580-7001
- 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 number279696
- Title typeFreehold
- Legal descriptionLot 2 Deposited Plan 44897 and Lot 1 Deposited Plan 368770
- Addresses on this property2
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 Cust
Waimakariri District
591
Properties on the rating roll
1 Jun 2025
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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