13 properties · Welcome Bay, Tauranga

Pennington Place, Welcome Bay

Pennington Place in Welcome Bay has 13 properties, valued by the council between $590,000 and $930,000 with a median of $650,000 (Welcome Bay: $850,000). Most of its homes were built in the 1970s. We estimate its homes at a median $651,000. The last sale we have was in August 2024, for $880,000.

$650kmedian council valuation
$651kour median estimate
1975median year built
TaurangaWelcome Bay ×Pennington Place ×

13 properties on Pennington Place, Welcome Bay

Highest and lowest on Pennington Place

Highest-valued home7 Pennington Place$930,000council valuation · 3 bed · 149 m² floor · 1,152 m² land
Lowest-valued home12 Pennington Place$590,000council valuation · 3 bed · 89 m² floor

Property values on Pennington Place

The council values Pennington Place's 12 rated properties between $590,000 and $930,000. The middle half sit between about $634,750 and $692,250; the median is $650,000 and the mean $680,833.

Lowest: $590k$590kLowest10%: $616k20%: $628k20%30%: $642k40%: $647k40%Median: $650k60%: $653k60%70%: $673k80%: $712k80%90%: $765kHighest: $930k$930kHighest
BedroomsHomesMedian council valueSold, last 12 monthsMedian sale
21$625k0—
310$650k0—
41$770k0—

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

Pennington Place compared with Welcome Bay

Pennington Place's median council value is 24% below Welcome Bay's.

Pennington PlaceWelcome BayTauranga
Median council value$650k$850k$875k
Median section675 m²700 m²670 m²
Median year built197519901990
Council value per m² of floor$7k$5k$6k

Recent sales on Pennington Place

The homes on Pennington Place

Pennington Place has 11 houses and 2 units and townhouses. Most were built in the 1970s (50%).

1970s: 6 (6 homes)61970s1980s: 4 (4 homes)1980s1990s: 1 (1 home)1990s2010s: 1 (1 home)12010s

Building and resource consents on Pennington Place

2building consents in the last 5 years
  • 9 Pennington Place1 Mar 2026 · Building consent1 x 4-bdrm dwg 1 x 3-bdrm dwg x2 (duplex) 1 x 2-bdrm dwg x2 (duplex) 1 x 5-bdrm dwg retaining walls
  • 8 Pennington Place1 Oct 2025 · Building consentInstall a freestanding maxen kinmont 350 solid fuel heater

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