75B Durham Street, Ashhurst
Palmerston North City
Offers Over $465,000
- 2
- 1
- 1
- 74m²
- House
QUIET, CONVENIENT AND FULL OF POTENTIAL!
Two bedrooms but so spacious! Plus a hobby room in the garage for extra space. If you're looking for a home that is private & secure with great space & some scope to add your own touches - you'll love this!
Such a relaxed setting to call home. You can rest assured this is a warm, dry home - it's fully healthy homes compliant - with heat pump in the lounge, plus insulation in the ceiling, underfloor & walls. Everything you need here for easy living. Such great value!
The covered porch is a great feature and the generous decking area offers the perfect spot for a morning coffee and relaxed entertaining. You can watch the children play in safety and enjoy the peaceful surroundings. Two roomy bedrooms with great storage - a spacious bathroom and separate laundry.
The location is hard to beat, with the walkway, parks, school, bus stop and local cafes all close by. Everything you need is within easy reach. Separate single garage with parking for additional vehicles. Don't miss your chance to view this property!
We estimate it would sell for $426,000 as at 5 October 2026, in a range of $383,000 to $485,000.
How we worked this out
| Council valuation, Sept 2024 | $440,000 |
|---|---|
| Market movement in Palmerston North City since the council valuation | −2.3% |
| How Ashhurst sells against council values | −0.1% |
| Homes of this age in Ashhurst | −0.7% |
| Homes in this price range | −0.2% |
| Nearby recent sales (15) | −2.3% |
| Its own sale in 2020 | +2.7% |
| Our estimate | $426,000 |
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.
75B Durham Street as a rental
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $495 | ||
| Property manager | ||
| Rent, 52 weeks | $25,740 | |
| 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 | $21,186 | |
| Interest $298,200 at 6.00%, interest only | −$17,892 | |
| Cash flow before tax | +$3,294 | |
| Cash flow a week | +$63 | |
| Gross / net yield on the price | 6.0% / 5.0% | |
| Return on equity cash flow on the deposit, before tax | 2.6% | |
| Loses money above this interest rate, before tax | 7.10% | |
The rent covers the interest at rates up to 7.10%. That is 2.6% a year on a $128k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area74 m²
- Decade built1980s
- Bedrooms2
- Bathrooms1
- Parking1 car space
- Property categoryUse not published
- CouncilPalmerston North City
- Valuation #14030-31900-B
- Valuation date1 Sep 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 numberWN26B/780
- Title typeCross lease
- Legal descriptionFlat 2 Deposited Plan 57307; Lot 4 Deposited Plan 21521
Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.
Another agency selling this property too, or is it for rent? Import that listing and it shows beside this one.
Building consents
We hold no building consents for this property yet. The council may hold records we have not seen.
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.
Reading the council's maps…
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 Ashhurst
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.
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.