4C Magnolia Drive, Netherby
Ashburton · Ashburton District
Last sold May 2018
We estimate it would sell for $844,000 as at 5 October 2026, in a range of $758,000 to $960,000.
How we worked this out
| Council valuation, Jul 2024 | $775,000 |
|---|---|
| Market movement in Ashburton District since the council valuation | +8.3% |
| How Netherby sells against council values | +1.3% |
| Homes of this age in Netherby | −0.6% |
| Homes in this price range | −0.8% |
| Land as a share of the value | −0.3% |
| Its own sale in 2018 | +1.0% |
| Our estimate | $844,000 |
We start from the council's rating valuation, move it by how sales in the area have moved since against their own council values, then by how properties like this one, nearby sales and its own last sale have done against the same arithmetic. Each step is an average of real sales. Tested every month against sales we had not seen: half land within about 6% of our estimate, and about 8 in 10 within the range. This is an automated estimate, not a registered valuation.
Sign in to rate this property, keep private notes on it and record what you think it is worth. Only you see them.
Home expense estimates
Estimates from the floor area and typical New Zealand prices, not quotes. Power, gas and internet details from the Electricity Authority and Gas Industry Co registries and Chorus.
4C Magnolia Drive as a rental
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $700 | ||
| Property manager | ||
| Rent, 52 weeks | $36,400 | |
| Empty between tenants 2 weeks | ||
| Property management 9.2% incl. GST | ||
| Maintenance 5% of rent | ||
| Council rates this year | ||
| Landlord insurance the building | ||
| Net income before interest | $29,960 | |
| Interest $590,800 at 6.00%, interest only | −$35,448 | |
| Cash flow before tax | −$5,488 | |
| Cash flow a week | −$106 | |
| Gross / net yield on the price | 4.3% / 3.5% | |
| Return on equity cash flow on the deposit, before tax | −2.2% | |
| Loses money above this interest rate, before tax | 5.07% | |
The rent covers the interest at rates up to 5.07%. That is -2.2% a year on a $253k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area225 m²
- Decade built2010s
- Bedrooms4
- Bathrooms2
- Parking2 car spaces
- Property categoryUse not published
- CouncilAshburton District
- Valuation #24566-71776
- Valuation date1 Jul 2024
From the council’s rating records and the other sources noted on hover. Bedrooms and bathrooms may come from a past listing. Built is the decade the valuer records.
Title and land
Order a title record- Title number612979
- Title typeFreehold, with a 1/3 share of common landGuaranteedStandard registered title
- Estate descriptionFee Simple, 1/1, Lot 55 Deposited Plan 463343, 651 m2; Fee Simple, 1/3, Lot 302 Deposited Plan 455115, 365 m2
- Legal descriptionLot 302 Deposited Plan 455115; Lot 55 Deposited Plan 463343
- Land area651 m²
- Shared land1/3 share of 365 m² common lot · held with 2 other places
- Title issued11 Jul 2013
- Land districtCanterbury
Owners and the parties to each instrument are not published on this page. Order the record of title to see them.
Listings
Selling this property, or the agent for it? Import the listing from your agency's site or a portal and it appears here, free: photos, price, open homes and your details, beside the council record buyers are already reading.
Building consents
We hold no building consents for this property yet. The council may hold records we have not seen.
Resource consents
What the council has been asked to allow under the Resource Management Act. None on this property · 8 land use or subdivision consents within 250 m.
Within 250 m
- 10 Apr 2024Land use
Land use consent at 6, 8 & 10 Orr Street to address the non-compliances associated with the construction of nine residential units on three allotments, zoned Residential C, and consent under the NES Contaminated Soil.
LUC24/0034 · Ashburton District235 mGranted - 3 Oct 2022Subdivision
Resource consent to subdivide one existing site zoned Residential C in order to create two resultant allotments at 22 Kitchener St
SUB22/0070 · Ashburton District168 mGranted - 3 Jun 2022Land use
Land Use Consents to address the non compliances for erecting a carport at 10C Magnolia Drive, zoned Residential C
LUC22/0061 · Ashburton District76 mGranted - 28 Jan 2022Land use
Land use consent at 2 Orr Street to address the non-compliances associated with proposed three residential units (Kainga Ora Homes) on a single title prior to subdivision in Residential C zone.
LUC22/0013 · Ashburton District205 mGranted - 15 Jan 2020Land use
Land use consent at 70 Bridge Street to address the proposed non-compliant building coverage (4.9.2a) associated with the construction of a detached garage in addition to the previously consented EXRC20/0001, zoned Residential C
LUC20/0002 · Ashburton District211 mGranted - 17 May 2018Land use
Land use consent at 44 Bridge Street to extend the operating hours of the Hampstead Rugby and All Sports Club as a premise selling liquor, zoned Open Space B
LUC18/0051 · Ashburton District143 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
If it is yours, claiming it puts the council record, the title and what it costs you to hold in one place — and lets you put your lending, insurance and power out to people who compete for them.
We check your name against the registered owner on the title before a claim is accepted. Nothing on this page changes for anyone else, and no provider is contacted until you ask.
Zoning and hazards
What the council's published maps say about this land. A map is a model of a storm, not a record of one: a LIM or a flood report says more.
We do not hold flood maps for Ashburton District yet.
What could you build here?
See whether a granny flat fits beside the house: the Building Act exemption, the national granny flat rules and the zone’s own. Then ask builders to price the shape you pick.
About Netherby
Counts describe the records we hold for this territorial authority, not a market forecast. Our estimate above is automated, not a registered valuation; how it was reached is shown with it. Every council figure on this page can be checked against the council's own record.
Agents active in Netherby
People whose office is within 5 km of Netherby, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
Claim it, then find everything else you own.
A single search across NZ property records finds other titles in your name and in companies you are a director of. Most owners find at least one they had forgotten was held somewhere else.