Finding a picture…
Estimate $649k – $863k
3
1/4 Nerissa Place, Randwick Park
Shared parcel · 785 m² · LINZ
2/4 Nerissa Place, Randwick Park
Also 4 Nerissa PlaceAuckland · Auckland
Last sold Jun 2020
OwnBetter estimate
$749k
Medium confidence
We estimate it would sell for $749,000 as at 5 October 2026, in a range of $672,000 to $852,000.
Typical home in Randwick Park
$731k
The median of our estimates of its 1,444 homes
$672kLow
$749kEstimate
$810kCouncil value
$852kHigh
How we worked this out
| Council valuation, May 2024 | $810,000 |
|---|---|
| Market movement in Auckland since the council valuation | −4.8% |
| Apartments and houses in Auckland | −1.3% |
| How Randwick Park sells against council values | −0.5% |
| Homes of this age in Randwick Park | −0.2% |
| Homes in this price range | +0.7% |
| Land as a share of the value | +0.2% |
| Nearby recent sales (15) | −0.5% |
| Its own sale in 2020 | −1.2% |
| Our estimate | $749,000 |
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.
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 2/4 Nerissa Place
Estimated repayments
$1,401
$600,000 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 $145 less a fortnight — about $3,765 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$1,401/fn
ICBC4.65%s$1,427/fn
Bank of China4.68%s$1,432/fn
AIA New Zealand4.99%$1,484/fn
ANZ Bank New Zealand4.99%s$1,484/fn
ASB Bank4.99%$1,484/fn
Bank of Baroda4.99%$1,484/fn
Police Credit Union4.99%$1,484/fn
Unity Credit Union4.99%s$1,484/fn
Kiwibank5.15%s$1,511/fn
Bank of New Zealand5.19%$1,518/fn
SBS Bank5.19%s$1,518/fn
The Co-operative Bank5.19%s$1,518/fn
TSB Bank5.19%s$1,518/fn
Westpac New Zealand5.19%s$1,518/fn
First Credit Union5.29%s$1,535/fn- Kookmin Bank Auckland Branch5.35%$1,546/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 2/4 Nerissa Place. 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
2/4 Nerissa Place as a rental
Rent estimate$660/wk$570–$760 · Little evidence
Gross yield4.6%$34,320 a year on $749k
Net yield3.3%After $9,239 of costs
Cash flow−$25/wk30% deposit, interest only at 5.03%
| Rent, 52 weeks | $34,320 |
|---|---|
| Empty between tenants 2 weeks | −$1,320 |
| Property management 9.2% incl. GST | −$3,036 |
| Maintenance 5% of rent | −$1,716 |
| Council rates this year | −$3,167 |
| Landlord insurance the building | Not known |
| Net income before interest | $25,081 |
| Interest $524,300 at 5.03%, interest only | −$26,372 |
| Cash flow before tax | −$1,292 |
The rent covers the interest at rates up to 4.78%. That is -0.6% a year on a $225k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area120 m²
- Decade built1990s
- Bedrooms3
- Bathrooms1
- Parking1 car space
- ImprovementsDwelling, other improvements
- Property categorySingle units, excluding bach
- CouncilAuckland
- Valuation #36720-00000049916-B
- Valuation date1 May 2024
- Rates this year, 2026/2027$3,167.47
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 numberNA107D/266
- Title typeCross lease
- Estate descriptionFee Simple, 1/2, Lot 45 Deposited Plan 132173, 785 m2; Leasehold, 1/1, Flat 2 Deposited Plan 175149
- Legal descriptionLOT 45 DP 132173, FLAT 2 DP 175149
- Land area785 m²
- Title issued30 Jul 1996
- Land districtNorth Auckland
- Addresses on this property2
Instruments on this title5 registered instrumentsLease ×2 · Transfer ×2 · 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
Bus stop
Porchester Road
5 min walk · 250 m · about every 45 min
365
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. None on this property · 14 land use or subdivision consents within 250 m.
Within 250 m
- 12 Feb 2025Subdivision
To vary conditions 1, 4, 5, 6, 7, 9 and 12 and delete condition 8 of subdivision consent SUB60326700, and add three new conditions, to amend the subdivision layout to be in accordance with the church
SUB60326700-A · Auckland128 mGranted - 17 Dec 2024Land use
Land use consent LUC60291788 - Conditions 1, 16, 16A, 21 Repositioning of the church development and subdivision layout at 490 Porchester Road.
LUC60291788-A · Auckland128 mGranted - 28 Jun 2024Subdivision
To undertake a 3-lot fee simple subdivision around the proposed new dwellings approved under LUC60434359.
SUB60434380 · Auckland164 mGranted - 28 Jun 2024Land use
To construct three new dwellings on site with associated infrastructure services and earthworks.
LUC60434359 · Auckland164 mGranted - 12 Sep 2022Land use
To establish six new dwellings on a site and undertake fee simple subdivision around approved land use.
LUC60408522 · Auckland205 mGranted - 12 Sep 2022Subdivision
To establish six new dwellings on a site and undertake fee simple subdivision around approved land use.
SUB60408523 · Auckland205 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
Nobody is tracking this property yet
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3Providers compete for itPut the mortgage, the insurance and the power out to people who want the business — on your terms, when you ask.
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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.
A mapped flood area comes close to this property, but not onto it.
- 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.
- 11 m from the boundary
Flood plain
NearbyLand the council models as under water in a 1-in-100-year storm, usually with an allowance for climate change.
- Nearest 164 m away
Flood prone area
Not mapped hereA low point where stormwater ponds if its outlet blocks or overflows.
- 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.
- None within 250 m
Coastal inundation
Not mapped hereLand the sea reaches in a 1-in-100-year storm tide once sea level has risen by 1 m.
- None within 250 m
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.
- None within 250 m
Historic heritage place
Not mapped hereA scheduled historic place. Work on it, including demolition, needs consent against the heritage schedule.
- None within 250 m
Height variation control
Not mapped hereAn 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.
- None within 250 m
Museum viewshaft
Not mapped hereThe 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.
- None within 250 m
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.
- None within 250 m
Notable group of trees
Not mapped hereA scheduled stand of trees, protected as a group.
- None within 250 m
Precinct
Not mapped hereLocal 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 Randwick Park
Auckland
1,489
Properties on the rating roll
1 May 2024
Last council revaluation
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 Randwick Park
People whose office is within 5 km of Randwick Park, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Independent
Kate BaldwinSalesperson
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Sohil ChettySalesperson
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Michael de VilliersSalesperson
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Gabriel ElkhishinSalesperson
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Andrew KonelioSalesperson
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Pawan PrabhakarSalesperson
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Ifran SheikhAgent
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Sandeep BrarSalesperson
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Elena GerlikhmanSalesperson
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Hardavinder SinghSalesperson
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Harjinder SinghSalesperson
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Satnam SinghAgent
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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