Discover Ruapehu. We call it home too. For all things real estate, think PB.

• Price guide $220,000 • Rental appraisal $400 per week ( $20,900p.a) • Expected gross return guide of 9.5% • Occupied by consistent paying tenant willing to stay This charming 1920s four-bedroom home presents an excellent opportunity for investors or buyers looking for a property to renovate and add value. Currently tenanted at $390 per week, the existing tenants are happy to stay, providing immediate and secure rental income. Situated on a generous 776m2 flat section, the home features a heat pump for year-round comfort and plenty of outdoor space. With renovated four bedroom homes fetching upwards of $480 per week there is plenty of scope to add value and yield. The vendor needs this property sold and is taking it to auction (unless sold prior) on 11th February 2026 at the Taumarunui Squash club, 41 Turaki Street, Taumarunui.

Auction 11 February 2026

Located on one of Ohakune's best streets with a stunning mountain view, 3 Southridge Drive has a lot to offer. Setup for entertaining, the large open living, kitchen and dining area opens to the yard with access to the adjacent reserve and includes attractive features such as the iron coal bucket fire and outdoor table with rail car wheels for legs. High quality timbers have been used throughout and there is a large games room complete with a table tennis/pool table. There is some unconsented work, but the vendor has provided a report from council regarding the relevant issues. The property is expected to sell well below its CV. Upstairs are two good sized bedrooms and another mezzanine room that has been used as a third bedroom. Just a 10-minute walk from the junction end of town with The Kitchen, La Pizzeria, Powderkeg, Kings, Ohakune Hot Tubs and more all accessible on foot. Come and enjoy Ruapehu's alpine lifestyle with ski fields, walking, cycling, fishing, golf and incredible views of our Dual World Heritage, Tongariro National Park. 3 Southridge Drive will be auctioned at 1:00pm on the 11th of February 2026 at the Taumarunui Squash Club (unless sold prior). Get in touch for further information and to arrange a viewing.

Auction 11 February 2026

Set in the beautiful rural settlement of Matiere, this unique property offers an exciting opportunity to create something truly special. Formerly used as a local playcentre, the building now presents a blank canvas for those with vision and imagination. Whether you're dreaming of converting it into a character-filled home, a creative art studio, a community hub, or a bespoke retreat, the options here are genuinely endless. Inside, you'll find a large centrally located heat pump for year-round comfort, a practical kitchenette, and two toilets-making the space functional and adaptable from day one. A separate single garage provides valuable extra storage or workshop space, adding to the versatility on offer. If you're looking for a property where you can bring your ideas to life and create something uniquely your own, this is an opportunity not to be missed. Come and create your dream in Matiere.

Auction 11 February 2026