$399,000
2 1 2
Easy Living Close to Town
196 High Street, Blenheim
Summit Real Estate
1 / 11
Unclaimed
3/68 Maxwell Road, Blenheim
Marlborough District
$375,000
- 2
- 1
- 1
Plenty of potential - owner downsizing portfolio
They say “there is no time like the present” - and that is certainly the case with this super little property. An absolutely perfect chance to enter the world of home ownership. Or if you are an investor, a great low maintenance option with a small and private backyard, just minutes away from the CBD of Blenheim. Walk to work - no car needed for this top spot if you have a job in town, and if you enjoy socialising or a little entertainment every now and again - restaurants, bars, the cinema, the Stadium and all other amenities sit virtually right on your doorstep.
If you have vision, a little flair and can see potential - this Maxwell Road property is ideal. Some thought, a bit of elbow grease and best of all - not too much to outlay and you will reap major rewards here.
Solid bones, permanent materials, two bedrooms and a top location to entice you. This home has plaster over concrete block cladding and the added advantage of an enclosed garage and also a carport which are often not available with a unit. Both bedrooms have inbuilt robes and the private courtyard has plenty of scope to make this a wonderful area for relaxing and enjoying a quiet moment.
Many boxes to tick for this property; scope to add your own personal touch and add value without huge capital input. Central living and close proximity to local schools and other facilities. Finally, affordability - opportunities like these are few and far between, so you can either snap this up or someone else will.
Call Campbell Gill today!
OwnBetter estimate
$379k
Medium confidence
We estimate it would sell for $379,000 as at 5 October 2026, in a range of $340,000 to $431,000.
Typical home in Blenheim
$581k
The median of our estimates of its 2,447 homes
$340kLow
$379kEstimate
$395kCouncil value
$431kHigh
How we worked this out
| Council valuation, Jul 2023 | $395,000 |
|---|---|
| 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% |
| Land as a share of the value | +0.3% |
| Nearby recent sales (15) | −1.8% |
| Its own sale in 2021 | −1.5% |
| Our estimate | $379,000 |
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.
Investor insights
3/68 Maxwell Road as a rental
Rent estimate$470/wk$400–$540 · Little evidence
Gross yield6.4%$24,440 a year on $379k
Net yield5.3%After $4,324 of costs
Cash flow+$81/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $470 | ||
| Property manager | ||
| Rent, 52 weeks | $24,440 | |
| 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 | $20,116 | |
| Interest $265,300 at 6.00%, interest only | −$15,918 | |
| Cash flow before tax | +$4,198 | |
| Cash flow a week | +$81 | |
| Gross / net yield on the price | 6.4% / 5.3% | |
| Return on equity cash flow on the deposit, before tax | 3.7% | |
| Loses money above this interest rate, before tax | 7.58% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 7.58%. That is 3.7% a year on a $114k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area62 m²
- Decade built1960s
- Bedrooms2
- Bathrooms1
- Parking1 car space
- Property categoryUse not published
- CouncilMarlborough District
- Valuation #20520-7100-D
- 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 numbersMB3B/1156, MB3B/1162
- Title typeCross lease
- Legal descriptionLot 2 DP 3591, Lot 3 DP 3197, Lot 3 DP 3591, Lot 4 DP 3197, Part Lot 1 DP 3197, Part Lot 2 DP 3197
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
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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.
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The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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