Aerial · LINZ aerial
Shared parcel · 792 m² · LINZ
Unclaimed

3/40 Stuart Street, Blenheim

Marlborough District

$439,000

  • 2
  • 1
  • 60m²
  • House
  • 1 Lounge
  • 1 Dining room
  • Separate toilet
  • 1 Garage
  • Deck / patio
  • Outdoor entertaining
Fencing
Partially Fenced
Views
Urban
Insulation
Ceiling, Floor, Walls
Roof
Iron
Exterior
Weatherboard Composite
Flooring
Carpet, Vinyl
Hot water
Gas
Water supply
Town
Sewage
Mains

A Little Work, A Lot of Potential!

Not every home comes with a perfect first impression, but 40 Stuart Street has plenty of reasons to take a closer look.

With some renovations already completed inside, including an updated kitchen, there's a good starting point here for someone keen to roll up their sleeves and make further improvements.

The home offers two bedrooms, indoor-outdoor flow and a garage, all on a compact section with plenty of scope to landscape and create an outdoor space to enjoy

And then there's the location. Just a short distance from Blenheim's town centre - you'll love having so much within easy reach.

Whether you're looking for your first home, a renovation project or an investment with potential, this is an opportunity to put your own stamp on a property in a convenient location.

There's work to be done, but that's where the opportunity lies. Come and see what you could make of it!

OwnBetter estimate
$344k
Medium confidence

We estimate it would sell for $344,000 as at 5 October 2026, in a range of $294,000 to $391,000.

Typical home in Blenheim
$581k
The median of our estimates of its 2,447 homes
How we worked this out
Council valuation, Jul 2023$350,000
Market movement in Marlborough District since the council valuation+0.7%
How Blenheim sells against council values−0.3%
Homes in this price range−1.5%
Nearby recent sales (15)−0.6%
Our estimate$344,000

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
Thinking of buying?Free pre-purchase running cost report Mortgage repayments, this year’s council rates, and estimates for insurance, electricity, gas and internet at this address — saved to your watchlist.
Sign in for the free report
What it costs to live here

Home expense estimates

—a month, all in

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.

Investor insights

3/40 Stuart Street as a rental

Rent estimate$445/wk$380–$520 · Little evidence
Gross yield6.7%$23,140 a year on $344k
Net yield5.5%After $4,094 of costs
Cash flow+$88/wk30% deposit, interest only at 6.00%
Line
Price Our estimate
Deposit
Interest rate
Rent a week our estimate $445
Property manager
Rent, 52 weeks$23,140
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$19,046
Interest $240,800 at 6.00%, interest only−$14,448
Cash flow before tax+$4,598
Cash flow a week+$88
Gross / net yield on the price6.7% / 5.5%
Return on equity cash flow on the deposit, before tax4.5%
Loses money above this interest rate, before tax7.91%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 7.91%. That is 4.5% a year on a $103k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area62 m²
  • Decade built1970s
  • Bedrooms2
  • Bathrooms1
  • Parking1 car space
  • Property categoryUse not published
  • CouncilMarlborough District
  • Valuation #20510-37103-C
  • Valuation date1 Jul 2023

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 numberMB3D/533
  • Title typeCross lease
  • Legal descriptionFlat 3 Deposited Plan 5612; Lot 11 Deposited Plan 2379
Registered instrumentsChecking the register… See the title summary →

Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.

Getting around

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.

Unclaimed
Nobody is tracking this property yet

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.

Free. Takes about a minute.

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.

What claiming gets you
1One live recordCouncil valuation, title details and registered interests, kept current rather than gathered again every time you need them.
2Your lending in the pictureAdd what you owe, or connect the bank, and the equity and LVR stop being a calculation you redo by hand.
3Providers compete for itPut the mortgage, the insurance and the power out to people who want the business — on your terms, when you ask.
4Everything else you ownOne search finds other titles in your name and in companies you are a director of.

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 Blenheim

Marlborough District
3,436
Properties on the rating roll
10 Jun 2026
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.

Like Blenheim?

Find your perfect home

The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.

Free for property owners

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.

Find all my properties