Estimate $571k – $759k
704/2B Augustus Terrace, Parnell
Shared parcel · 952 m² · LINZ
OwnBetter estimate
$667k
Medium confidence
We estimate it would sell for $667,000 as at 5 October 2026, in a range of $571,000 to $759,000.
Typical home in Parnell
$1.53m
The median of our estimates of its 3,296 homes
$571kLow
$667kEstimate
$759kHigh
$780kCouncil value
How we worked this out
| Council valuation, May 2024 | $780,000 |
|---|---|
| Market movement in Auckland since the council valuation | −4.8% |
| Apartments and houses in Auckland | −1.3% |
| Recent sales in this building | −5.8% |
| How Parnell sells against council values | −0.6% |
| Homes of this age in Parnell | −1.1% |
| Homes in this price range | +0.7% |
| Land as a share of the value | −1.5% |
| Nearby recent sales (15) | −0.8% |
| Our estimate | $667,000 |
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 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.
My notes
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Sign in for the free reportHome 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.
Home loan
Every rate from 36 lenders →What it would cost to buy 807/2B Augustus Terrace
Estimated repayments
$1,242
$532,000 at 4.49% 1 year fixed with China Construction Bank, over 30 years Loan length
1 year fixed today · 17 lenders
Lowest4.49%
CCB · special
CCB · specialAverage5.03%
Highest5.35%
Kookmin
KookminThe lowest rather than the highest is $128 less a fortnight — about $3,338 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$1,242/fn
ICBC4.65%s$1,265/fn
Bank of China4.68%s$1,270/fn
AIA New Zealand4.99%$1,316/fn
ANZ Bank New Zealand4.99%s$1,316/fn
ASB Bank4.99%$1,316/fn
Bank of Baroda4.99%$1,316/fn
Police Credit Union4.99%$1,316/fn
Unity Credit Union4.99%s$1,316/fn
Kiwibank5.15%s$1,340/fn
Bank of New Zealand5.19%$1,346/fn
SBS Bank5.19%s$1,346/fn
The Co-operative Bank5.19%s$1,346/fn
TSB Bank5.19%s$1,346/fn
Westpac New Zealand5.19%s$1,346/fn
First Credit Union5.29%s$1,361/fn- Kookmin Bank Auckland Branch5.35%$1,370/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 807/2B Augustus Terrace. Free for you — lenders pay brokers — and nobody sees your name until you choose one.
Principal and interest at the lowest advertised card rate, held for the whole loan — no New Zealand rate is. A guide, not a lending offer or financial advice. How much could you borrow? · Mortgage calculator
Investor insights
807/2B Augustus Terrace as a rental
Rent estimate$625/wk$540–$720 · Little evidence
Gross yield4.9%$32,500 a year on $667k
Net yield3.6%After $8,526 of costs
Cash flow+$9/wk30% deposit, interest only at 5.03%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate 5.03% is today’s 1-year average | ||
| Rent a week our estimate $625 | ||
| Property manager | ||
| Rent, 52 weeks | $32,500 | |
| Empty between tenants 2 weeks | ||
| Property management 9.2% incl. GST | ||
| Maintenance 5% of rent | ||
| Council rates this year | ||
| Landlord insurance the building | ||
| Body corporate levy operating levy | ||
| Net income before interest | $23,974 | |
| Interest $466,900 at 5.03%, interest only | −$23,485 | |
| Cash flow before tax | +$489 | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 5.13%. That is 0.2% a year on a $200k deposit. We don’t know this unit’s body corporate levy yet: type it in, or ask the agent for the disclosure statement. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area46 m²
- Decade built2020s
- Parking1 car space
- ImprovementsApartment, deck, &, parking
- Property categorySingle units, excluding bach
- CouncilAuckland
- Valuation #00005-00013914502
- Valuation date1 May 2024
- Rates this year, 2026/2027$2,775.60
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 number1165963
- Title typeUnit Title
- Estate descriptionStratum in Freehold, 1/1, Principal Unit 807 Deposited Plan 599732 and 1/17 share of Accessory Unit 2 Deposited Plan 599732
- Legal descriptionPrincipal Unit 807 Deposited Plan 599732 and 1/17 share of Accessory Unit 2 Deposited Plan 599732
- Title issued7 May 2024
- Land districtNorth Auckland
- Addresses on this property116
Instruments on this title2 registered instrumentsLand Covenant under s116(1)(a) or (b) Land Transfer Act 2017 · Mortgage See the title summary →
Owners and the parties to each instrument are not published on this page. Order the record of title to see them.
Getting around
Train station
The Strand Train Station
5 min walk · 267 m · 4 a day
HUIA
Ferry terminal
Ferry Terminal - Downtown
21 min walk · 1228 m · about every 5 min
BAYSBIRKDEVGULFHCRUHMB
Bus stop
Fraser Park
4 min walk · 199 m · about every 10 min
INNOUT
Stops: Auckland TransportWalk times estimated, not routed
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. 12 on this property · 25 land use or subdivision consents within 250 m. 4 here are worth reading: declined, notified or not yet decided.
On this property
- 14 Nov 2023Land use
To demolish the existing building and the construction of a ten level mixed use building which would consist of 54 hotel rooms on levels 1 4 and 62 private apartments on levels 5 10. Two retail units fronting The Strand ground floor and one retail unit and hotel lobby fronting Augustus Terrace level 4 . Associated construction activity and earthworks.
LUC60394472-B · AucklandGranted - 20 Feb 2023Granted
- 8 Jul 2022Land use
Propose changes to Condition 1. Changes to location of bicycle spaces and Level 10 layout.
LUC60394472-A · AucklandGranted - 11 Jan 2022Land use
To demolish the existing building and the construction of a ten-level mixed use building which would consist of 54 hotel rooms on levels 1-4 and 62 private apartments on levels 5-10. Two retail units fronting The Strand (ground floor) and one retail unit and hotel lobby fronting Augustus Terrace (level 4). Associated construction activity and earthworks.
LUC60394472 · AucklandGranted - 9 Sep 2021Land use
Amend General Condition 1. Add consent notice condition. The applicant proposes to change the approved visitor accommodation on Level 4 to apartment dwellings. The combining of two apartments on Level 9 into a single dual-key apartment.
LUC60372816-A · AucklandGranted - 22 Feb 2021Discharge permit
.This land-use application by LQ Parnell Trust Company to a proposal to construct a new Mixed-Use building at 25-33 The Strand in Parnell. Specifically, the proposal involves the demolition of the existing building and the construction of a mixed-use complex that would mainly comprise visitor accommodation (71 rooms), residential activities (55 Apartments) with retail.
DIS60375150 · AucklandGranted - 22 Feb 2021Land use
This land-use application by LQ Parnell Trust Company to a proposal to construct a new Mixed-Use building at 25-33 The Strand in Par nell. Specifically, the proposal involves the demolition of the existing building and the construction of a mixed-use complex that w ould mainly comprise visitor accommodation (71 rooms), residential activities (55 Apartments) with retail.
LUC60372816 · AucklandGranted - 22 Feb 2021Water permit
To take groundwater for dewatering purposes and to divert groundwater in the long-term after construction for the development at 25-33 The Strand, Parnell. The development will consist of a ten-storey apartment building, with three car stacker pits, constructed on a sloping site.
WAT60372817 · AucklandGranted - 23 Dec 2014Land use
Construct 8-storey office building - Discharge of contaminants
R/REG/2015/127 · Auckland · Limited notified (affected neighbours)Declined - 23 Dec 2014Land use
Construct 8-storey office building - Groundwater diversion
R/REG/2015/126 · Auckland · Limited notified (affected neighbours)Declined - 23 Dec 2014Land use
Construct 8-storey office building - Earthworks
R/REG/2015/152 · Auckland · Limited notified (affected neighbours)Declined - 23 Dec 2014Land use
New 8-storey office building with retail and cafe tenancies, and associated carparking.
R/LUC/2014/5423 · Auckland · Limited notified (affected neighbours)Declined
Within 250 m
- 24 Jun 2024Land use
To construct an additional storey to an existing six storey building including extension of fire escape stairs and mechanical ventilation ducting to the new floor level
LUC60434017 · Auckland121 mGranted - 28 Mar 2024Land use
Seeking to vary Condition 1. Incorporation of the property at 2 4 Augustus Terrace into the subject site, enabling the expansion of the building into this area, and providing for an increase in office and retail floorspace within the building.
LUC60385931-B · Auckland18 mGranted - 27 Mar 2024Land use
facilitate changes to the layout of the building and changes to works management conditions
LUC60413830-A · Auckland231 mGranted - 30 Nov 2023Land use
Construction of a new lift structure and remodeling of the existing building access and frontage.
LUC60426496 · Auckland132 mGranted - 17 Nov 2023Land use
To combine separate existing retail units into one larger retail unit in an existing building to expand an existing retail activity resulting in a gross floor area of 242m2. Interior alterations to provide access between the units.
LUC60426069 · Auckland205 mGranted - 12 Jul 2023119 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
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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.
Part of this property is inside a mapped flood area.
- Over the whole section
Unitary Plan Base Zone
On this propertyDistrict plan zones as Auckland publishes them. What a site may be used for, and what may be built on it.
- Over about 16% of the section
Flood plain
On this propertyLand the council models as under water in a 1-in-100-year storm, usually with an allowance for climate change.
- Modelled
- 2026
- Climate allowance
- Yes - MfE2018 3.8 degrees
- Development assumed
- MPD Auckland Unitary Plan OiP 2016
- Over about 8% of the section
Flood prone area
On this propertyA low point where stormwater ponds if its outlet blocks or overflows.
- Depth in a 1-in-100-year storm
- 2.14 m
- Depth before it spills
- 2.14 m
- Water level (NZVD2016)
- 3.3 m
- None within 250 m
Flood sensitive area
Not mapped hereLand beside a flood plain that could flood if the model is out, or the storm is bigger.
- 5 m from the boundary
Coastal inundation
NearbyLand the sea reaches in a 1-in-100-year storm tide once sea level has risen by 1 m.
- Nearest 189 m away
Special character area
Not mapped hereStreets whose built character is protected: demolition and new building are assessed against the area's existing form, whatever the zone allows.
- Nearest 120 m away
Historic heritage place
Not mapped hereA scheduled historic place. Work on it, including demolition, needs consent against the heritage schedule.
- 11 m from the boundary
Height variation control
NearbyAn explicit building height for this land, replacing the one its zone would give.
- None within 250 m
Volcanic viewshaft
Not mapped hereA protected view of a volcanic cone. Inside it, building height is capped at a fixed level above sea level to keep the cone visible.
- None within 250 m
Locally significant viewshaft
Not mapped hereA locally protected view of a cone, with its own height ceiling.
- Over the whole section
Museum viewshaft
On this propertyThe protected view of the Auckland War Memorial Museum.
- None within 250 m
Ridgeline protection
Not mapped hereSkyline land where building height is controlled so the ridge stays a ridge.
- Nearest 171 m away
Notable tree
Not mapped hereA scheduled tree. It may not be felled or topped without consent, which makes it a permanent part of the skyline.
- Nearest 157 m away
Notable group of trees
Not mapped hereA scheduled stand of trees, protected as a group.
- 31 m from the boundary
Precinct
NearbyLocal rules written for this area alone, which override the underlying zone where they differ.
Source: Auckland Council (CC BY 4.0)
Contaminated land
Councils keep registers of land used for activities on the Hazardous Activities and Industries List (HAIL) — service stations, timber treatment, orchards, landfills. A listing records how land was used, not that it is contaminated: most sites have never been tested.
Auckland Council does not publish its contaminated sites records. A site contamination enquiry (a fee applies) or the LIM will say what it holds.
Ask Auckland CouncilWhat 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 Parnell
Auckland
4,317
Properties on the rating roll
1 May 2024
Last council revaluation
Buyer demand
11 people looked at properties in Parnell this week.
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.
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Agents active in Parnell
People whose office is within 5 km of Parnell, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Reinza AgnewSalesperson
Soumitra AgnewSalesperson
Ray White
Aadil AhmedSalesperson
Independent
Leanne BateSalesperson
Ray White
Gregory BayerSalesperson
Ray White
Wayne BulogBranch Manager
Independent
Joanne BushSalesperson
Independent
Michael BushSalesperson
Xiao CaiSalesperson
Independent
Neil CammellSalesperson
Independent
Vicki CarringtonSalesperson
Ray White
Stephanie ChanSalesperson
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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