Artist's impression of a Paragon Model Three on a section in Oamaru — Artist's impression

Oamaru, North Otago

114B Reservoir Road

Section of 1.1 ha, with a Paragon Model Three.

3 bed
1 bath
81 m² home
1.1 ha land

Brand new

Warm, dry and built to NZS 3604. Nothing to fix.
One price

Section, home and site work, on one home loan.
Built in Ohoka

Your home is built while the section settles, then trucked in.
Low deposit

New builds sit outside the Reserve Bank deposit limits. Ask your bank.

The section

Land: Section
Size: 1.1 ha
Asking: $350,000
Listed: 03 September 2026

Listed by

Harcourts Oamaru

See the listing

How it works

1 Secure the sectionWith the agency, before it sells.
2 Plans and consentReady, so the bank can see what gets built.
3 One home loanSection and home together.
4 We build and deliverBuilt in Ohoka, then trucked in and connected.

Section, home and site work

$617,000

Section: $350,000
Model Three: $195,000
Site work and transport: $72,000

Use it as

RentalHoliday letMy home

Deposit 20% Interest rate 4.99% Rent a week $488 Nightly rate $204 Nights booked 45% Weeks you use it 0

	Paid off	With a mortgage
Rent, a year
Running costs
Mortgage	$0
Left a year

Return, paid off

With a mortgage, a week

Enquire about this one

Example figures. 30-year home loan. Rent and holiday figures for this area are our estimates. Not financial advice.

More in North Otago

All rentals

Artist's impression of a Paragon Freedom 90 White on a section in Herbert

Lifestyle Artist's impression

Herbert, North Otago

Lot 1 Cosy Dell Road

$717,000

Section $350,000 · Freedom 90 White $295,000 · Site $72,000

4.3 ha
2 bed
2 bath
89.95 m²

Own it, a week

$830

Rent here, a week

$460

Artist's impression of a Paragon Model Two on a section in Kakanui

Rentals Artist's impression

Kakanui, North Otago

9 Magdala Street

$576,000

Section Offers over $339,000 · Model Two $165,000 · Site $72,000

724 m²
2 bed
1 bath
63 m²

Rent, a year, paid off

+$12,535 2.2%

With a mortgage, 20% down

−$17,095

Artist's impression of a Paragon Model One on a section in Oamaru North

Rentals Artist's impression

Oamaru North, North Otago

Lot 2-7/40 Fernbrook Road

$536,000

Section $329,000* · Model One $135,000 · Site $72,000

1 bed
1 bath
56.7 m²

Rent, a year, paid off

+$9,416 1.8%

With a mortgage, 20% down

−$18,156

Sections are real listings from harcourts.net as at 27 October 2026. Where a section has no asking price, the sums use the middle price for the area (marked *). Totals add the home and $60k site work (foundations, consent, services) plus transport from Ohoka. Mortgage is one home loan at 4.99% over 30 years. A year's figures allow 2 empty weeks and a letting agent for rentals, 35% of takings for holiday-let costs, rates, $2,000 insurance and upkeep; rents and holiday figures are area estimates. Home images are artist's impressions. Not financial advice.

114B Reservoir Road

The section

How it works

More in North Otago

Lot 1 Cosy Dell Road

9 Magdala Street

Lot 2-7/40 Fernbrook Road

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