What school zones is this property in?

For in-zone schooling, the address is zoned for state intermediate school Oamaru Intermediate covering Years 7 to 8. State-integrated primary school St Joseph's School (Oamaru) is nearby and offers the Cambridge International programme, alongside other out-of-zone local schools including Te Pākihi o Maru and Waitaki Girls' High School.

What have nearby properties sold for recently?

Over the past 6 months, 4 comparable properties were sold nearby, with a median sale price of $366,500. Sale prices ranged from $342,000 to $479,000 across these 2-bedroom cross-lease homes.

What is the sales history of this property?

The property was last sold in June 2017 for $220,000 and has been held for over 9 years until being listed again recently in October 2026. Records also note a separate listing in June 2017 shortly following that transaction.

What are the CV and land details?

The property had a 2023 government CV of $330,000, up approximately 17% from 2020, with land value accounting for $105,000. It holds a Cross Lease title on a level contour, classified as a residential dwelling with stone external walls and an iron roof built in the 1980s.

What transport and amenities are nearby?

Everyday conveniences are close at hand in the local area, with three supermarkets including New World, Woolworths, and RealFood Pantry. Local health needs are also supported nearby by Oamaru Pharmacy.

What is the neighbourhood like?

The Reed Street block has a median CV of around $405,000, with the vast majority of properties valued under $500,000. Homes here are predominantly 2- and 3-bedroom layouts, with freehold properties making up the largest share of tenure alongside cross-lease residences.

Exterior - 48A Reed Street, Oamaru, WAITAKI, OTAGO

Living room - 48A Reed Street, Oamaru, WAITAKI, OTAGO

Living area

Kitchen

Bedroom - 48A Reed Street, Oamaru, WAITAKI, OTAGO

Beds

Sat Oct 31 12:15-12:45

379000

48A Reed Street, Oamaru, WAITAKI, OTAGO

2Beds

1Baths

70m²Floor area

Key Facts

Type of titleCross-Lease

Property TypeResidential - Dwelling

Floor area70m²

Decade of construction1983

Parking1

ConstructionExternal Walls: Stone Roof: Iron

Building ConditionExternal Walls: Average Roof: Average

Time on the market11 days

Oamaru 2 Bedroom Sunny, Easy Living in Central Oamaru!

UnitListed on Mon Oct 19

Looking for an affordable home in a convenient location without the hassle of a large property to maintain? Welcome to 48A Reed Street, a sunny and spacious unit offering comfortable living right in the heart of Oamaru.

At approximately 70m², this well-presented two-bedroom home makes excellent use of its space, with light-filled open-plan living providing a welcoming place to relax or entertain. Both bedrooms are generously sized, while the renovated kitchen and bathroom add a modern touch. Excellent storage throughout, a separate laundry and an easy-access layout make everyday living that much simpler.

Step outside and enjoy a small, private garden that’s easy to care for, complete with a handy garden shed. A carport provides convenient off-street parking, adding to the practicality of this appealing property.

Location is another real highlight, with the Basilica, supermarkets, medical centre and Oamaru CBD all within easy walking distance. Leave the car at home and enjoy the convenience of having everyday essentials close by!

Whether you’re a first-home buyer looking to get on the property ladder, a downsizer seeking a manageable home, or an investor searching for an opportunity in a central location, 48A Reed Street deserves your attention.

Affordable, sunny and conveniently located – this is easy living with plenty to offer!

Buyer Enquiry From $379,000

48A Reed Street, Oamaru, WAITAKI, OTAGO Sunny, Easy Living in Central Oamaru!

Property highlights

Central Oamaru Walkability
Walking distance to the Basilica, supermarkets, medical centre, and CBD.
Renovated Kitchen and Bathroom
Updated kitchen with island bench, renovated bathroom with built-in tub, separate laundry.
Single-Level Two-Bedroom Layout
70m² floor area, open-plan living, built-in wardrobes, private garden with shed.