Aerial · LINZ aerial
Shared parcel · 720 m² · LINZ
Unclaimed

33 Leefield Street, Blenheim

Also 2 Lawrence Place

Marlborough District

Negotiation

  • 2
  • 1
  • 1
  • 92m²
  • House
  • 1 Carport
  • Heat pump
Fencing
Partially fenced
Exterior
Summerhill stone
Hot water
Electric

Nest Or Invest, Your Next Home Is Waiting!

This lovely home is a great opportunity, with a number of recent improvements making it an easy option for buyers looking to move in and enjoy.

The updated kitchen is a real feature, complemented by new floor coverings, a new toilet and an updated bathroom. There are two living spaces, providing flexibility for a range of living arrangements and plenty of space to relax.

The master bedroom is a great size and both bedrooms have wardrobes. The section is easy care, with patches of garden creating a living space between the concrete paths. The attached carport and second entry provides convenient off-street parking for multiple vehicles.

With lovely street appeal and the key updates already taken care of, this home is now ready for its next owner.

For all the additional information or to arrange a viewing, contact Michael Rea or his team today - www.michaelrea.co.nz - https://rwblenheim.co.nz/

Rent estimate · 19 Oct 2026
$460 – $620/week
Most likely about $540 a week · Little evidence: a rough guide
Estimated rental yield
5.6%
What is rental yield?

Gross rental yield is a year’s rent as a share of what the property is worth: $540 × 52 weeks = $28,080, against the council valuation of $500,000. It is before rates, insurance, maintenance, management and vacancies, so what an owner keeps (the net yield) is lower.

How we worked this out
EvidencePoints toCounted
From its value what rentals in the area typically yield$538100%

We read this property as a townhouse with 2 bedrooms. Rentals advertised nearby count most when they are close, recent and alike; the more of them there are, the less the area’s bond figures count. Bond figures are rents agreed in new tenancies, from Tenancy Services, placed within the area by how this property’s council valuation compares with similar homes there.

These are computer-generated guides only, not a rental appraisal.

My notes
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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

33 Leefield Street as a rental

Rent estimate$540/wk$460–$620 · Little evidence
Gross yield5.6%$28,080 a year on $500k
Net yield4.6%After $4,968 of costs
Cash flow+$41/wk30% deposit, interest only at 6.00%
Line
Price Council valuation
Deposit
Interest rate
Rent a week our estimate $540
Property manager
Rent, 52 weeks$28,080
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$23,112
Interest $350,000 at 6.00%, interest only−$21,000
Cash flow before tax+$2,112
Cash flow a week+$41
Gross / net yield on the price5.6% / 4.6%
Return on equity cash flow on the deposit, before tax1.4%
Loses money above this interest rate, before tax6.60%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 6.60%. That is 1.4% a year on a $150k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area92 m²
  • Decade built1980s
  • Bedrooms2
  • Bathrooms1
  • Parking1 car space
  • Property categoryUse not published
  • CouncilMarlborough District
  • Valuation #20530-64249-A
  • 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 numberMB3E/328
  • Title typeCross lease
  • Legal descriptionFlat 1 Deposited Plan 6011; Lot 8 Deposited Plan 4698
  • Addresses on this property2
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. OwnBetter has no estimate for this property. Every council figure on this page can be checked against the council's own record.

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