53 properties · Cloverlea, Palmerston North

Tararua Terrace, Cloverlea

Tararua Terrace in Cloverlea has 53 properties, valued by the council between $415,000 and $750,000 with a median of $530,000 (Cloverlea: $550,000). Most of its homes were built in the 1960s. We estimate its homes at a median $512,000. 3 sold in the last twelve months, for a median $596,000. The highest sale in 2026 was 53 Tararua Terrace, at $635,000.

$530kmedian council valuation
$512kour median estimate
$596kmedian sale, last 12 months · 3 sales
1960median year built
Palmerston NorthCloverlea ×Tararua Terrace ×

53 properties on Tararua Terrace, Cloverlea

Highest and lowest on Tararua Terrace

Highest-valued home15C Tararua Terrace$750,000council valuation · 2 bed · 90 m² floor · 1,667 m² land
Lowest-valued home21A Tararua Terrace$415,000council valuation · 2 bed · 67 m² floor · 482 m² land
Highest sale in 202653 Tararua Terrace$635,000sold 19 Mar 2026 · 4 bed · 150 m² floor · 820 m² land

Property values on Tararua Terrace

The council values Tararua Terrace's 53 rated properties between $415,000 and $750,000. The middle half sit between about $497,500 and $558,000; the median is $530,000 and the mean $533,679.

Lowest: $415k$415kLowest10%: $490k20%: $495k20%30%: $500k40%: $510k40%Median: $530k60%: $540k60%70%: $550k80%: $566k80%90%: $596kHighest: $750k$750kHighest
BedroomsHomesMedian council valueSold, last 12 monthsMedian sale
24$460k0—
341$510k2—
47$580k1—
5+1$610k0—

Council rating valuations: the council's figure for apportioning rates, not a market appraisal.

Tararua Terrace compared with Cloverlea

Tararua Terrace's median council value is 4% below Cloverlea's.

Tararua TerraceCloverleaPalmerston North
Median council value$530k$550k$610k
Median sale, last 12 months$596k$540k$625k
Sold in the last 12 months5.7%3.7%4%
Time between sales11.1 yrs8.5 yrs7.8 yrs
Median section668 m²687 m²678 m²
Median year built196019701970
Council value per m² of floor$5k$5k$4k

Tararua Terrace house prices over time

Median sale price by year; 2026 is the year so far. A year with fewer than two sales has no bar.

2016: $248k (4 sales)$248k20162017: $313k (3 sales)2018: $326k (4 sales)20182019: $376k (4 sales)2020: $461k (5 sales)20202021: $565k (2 sales)2022: $570k (4 sales)20222023: $541k (4 sales)2024: $582k (2 sales)20242025: too few sales to say (1 sale)2026: $596k (3 sales, this year so far)$596k2026
Sales by year as a table
YearSalesMedian pricePer m² floor
20263$596,000$5,181
20251$564,000$6,267
20242$582,070$4,826
20234$541,000$4,405
20224$570,000$5,573
20212$565,000$6,073
20205$461,000$4,750
20194$376,250$3,800
20184$325,892$3,822
20173$313,000$3,136
20164$247,500$2,475

Recent sales on Tararua Terrace

The homes on Tararua Terrace

Tararua Terrace has 53 houses. Most were built in the 1960s (81%).

1960s: 43 (43 homes)431960s1970s: 8 (8 homes)1970s1980s: 1 (1 home)1980s2020s: 1 (1 home)12020s

How long owners stay on Tararua Terrace

Homes on Tararua Terrace that resold in the last five years had been held a median 11.1 years (Cloverlea: 8.5 years).

Time between a home's sales, for 14 resales in the last five years. A home not sold since our records begin is not counted, so owners who stay longest are under-represented.

Building and resource consents on Tararua Terrace

4building consents in the last 5 years
  • 15C Tararua Terrace1 May 2026 · Building consent101m2 3 bdrm, 1 bathrm home
  • 45 Tararua Terrace1 Oct 2025 · Building consentChange to bathrm layout including a waterproofed shower & new lintels
  • 36 Tararua Terrace1 May 2025 · Building consentInstallation of masport le4000 insert fire & flue system
  • 51 Tararua Terrace1 Nov 2021 · Building consentRemoval of interior wall & installation of new bi-folding doors

Sales and valuations as at 11 September 2026, from council and LINZ records. Medians resting on fewer than 3 sales are not shown.