$5,295,000
5 4 2
An Exceptional Lifestyle, Income or Trade!
36 Glencoe Road, Herbert
Ray White Arrowtown
1 / 30
Unclaimed
41 Breakneck Road, Herbert
Waitaki District
Buyer Enquiry Over $799,000
- 3
- 1
- 2
- 100m²
- 5.88 ha
- Lifestyle
RIVERSIDE LIFESTYLE OPPORTUNITY
Set on 5.88 hectares at the edge of Herbert Forest, this riverside lifestyle property offers a rare combination of privacy, space, adventure, all just approximately 22km from Oamaru Township.
The home offers three generously proportioned double bedrooms, each with built-in wardrobes, along with a family bathroom.
Adding an exciting layer of versatility are two separate utility cabins. Whether you need space for extended family, guests, hobbies, teenagers, or working from home, these additional buildings provide plenty of options. Both are supported by their own self-contained bathroom facilities, offering flexibility rarely found in a lifestyle property.
Surrounded by established trees and tucked within its own sheltered microclimate, the property provides a wonderfully tranquil for native birdlife with bellbirds, tui, and fantails being regular visitors.
Built in 1982, the warm and inviting home has been thoughtfully positioned to make the most of its surroundings. Expansive windows capture all-day sun, while the spacious open-plan kitchen, dining, and living area creates a welcoming central hub for everyday living and entertaining.
Timber-lined ceilings add warmth and character, complemented by a log burner and heat pump for year-round comfort. From the living areas, doors open effortlessly onto a sun-soaked deck and established gardens.
A double garage with workshop space provides excellent storage and room for vehicles, tools, projects, and outdoor equipment.
The land is securely fenced and well suited to a range of lifestyle pursuits, including horses, cattle, and sheep. Established trees and sheltered paddocks extend down towards flatter land, where you'll discover private river access and a peaceful riverside camping area.
For those who love the outdoors, the location is exceptionally appealing. Horse riders will appreciate easy access to extensive forest riding, while nearby attractions include Grave's Dam, walking, hunting, fishing, and mountain bike tracks.
With its combination of space, privacy, established surroundings, versatile accommodation and outstanding recreational opportunities, this is more than just a home - it's a lifestyle built around enjoying the outdoors and making the most of country living.
Buyer Enquiry Over $799,000 + GST (if any)
Contact Stephen Robertson on 0274 731 112 or Doug Pile on 027 663 8833
UTILTY ROOM 3D TOUR WEBLINK: https://my.matterport.com/show/?m=pgBbSnJ1hYY
UTILTY ROOM 2 3D TOUR WEBLINK: https://my.matterport.com/show/?m=8HSYZuJLKeN
Added to OwnBetter 25 Oct 2026
What you’ll love about this place
- Waterfront: the land runs down to a river
From LINZ's topographic maps: how near the land comes to the water's edge.
OwnBetter estimate
$795k
Medium confidence
We estimate it would sell for $795,000 as at 5 October 2026, in a range of $695,000 to $956,000.
Typical home in Herbert
$414k
The median of our estimates of its 241 homes
$695kLow
$750kCouncil value
$795kEstimate
$956kHigh
How we worked this out
| Council valuation, Aug 2023 | $750,000 |
|---|---|
| Market movement in Waitaki District since the council valuation | +6.0% |
| Apartments and houses in Waitaki District | −0.2% |
| How Herbert sells against council values | +1.4% |
| Homes of this age in Herbert | −0.2% |
| Homes in this price range | −1.9% |
| Land as a share of the value | +1.1% |
| Nearby recent sales (5) | −0.6% |
| Its own sale in 2023 | +0.6% |
| Our estimate | $795,000 |
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
Sign in to rate this property, keep private notes on it and record what you think it is worth. Only you see them.
Thinking of buying?Free pre-purchase running cost report Mortgage repayments, this year’s council rates, and estimates for insurance, electricity, gas and internet at this address — saved to your watchlist.
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
41 Breakneck Road as a rental
Rent estimate$650/wk$560–$750 · Little evidence
Gross yield4.3%$33,800 a year on $795k
Net yield3.5%After $5,980 of costs
Cash flow−$107/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $650 | ||
| Property manager | ||
| Rent, 52 weeks | $33,800 | |
| 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 | $27,820 | |
| Interest $556,500 at 6.00%, interest only | −$33,390 | |
| Cash flow before tax | −$5,570 | |
| Cash flow a week | −$107 | |
| Gross / net yield on the price | 4.3% / 3.5% | |
| Return on equity cash flow on the deposit, before tax | −2.3% | |
| Loses money above this interest rate, before tax | 5.00% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 5.00%. That is -2.3% a year on a $239k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area100 m²
- Land area5.89 haBoundary measures 5.52 ha
- Decade built1980s
- Bedrooms3
- Bathrooms1
- Parking2 car spaces
- Property categoryUse not published
- CouncilWaitaki District
- Valuation #26180-41400
- Valuation date1 Aug 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 numberOT360/215
- Title typeFreehold
- Legal descriptionPart Section 44 Block V Otepopo Survey District
- Beside a river or lake565 m of boundary meets a river or lake bed with no title
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.
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 Herbert
Waitaki District
394
Properties on the rating roll
1 Aug 2023
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.
Like Herbert?
Find your perfect home
Offers Over $539,000
3 2 2
Vendor needs to be Sold - Price Reduced
15 Reid Road, Herbert
Property Brokers
Buyer Enquiry Over $449,000
3 1 1
A SECRET SANCTUARY IN HERBERT!
33 Cromarty Street, Herbert
LJ Hooker Oamaru
$675,000 CV
22 Reid Road, Herbert
Estimate $716k – $984k
191 Breakneck Road, Herbert
Estimate $521k – $806k
257 Bowalley Road, Herbert
Estimate $680k – $957k
3
294 Burgess Road, Herbert
Estimate $505k – $711k
3
161 Waimotu Road, Herbert
Estimate $553k – $821k
3
26 Middle Ridge Road, Herbert
Estimate $380k – $535k
33 Happy Valley Road, Herbert
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
Free for property owners
Claim it, then find everything else you own.
A single search across NZ property records finds other titles in your name and in companies you are a director of. Most owners find at least one they had forgotten was held somewhere else.