2 Rembrandt Drive, Springlands
Blenheim · Marlborough District
Last sold Dec 2022
We estimate it would sell for $1,090,000 as at 5 October 2026, in a range of $977,000 to $1,240,000.
How we worked this out
| Council valuation, Jul 2023 | $1,050,000 |
|---|---|
| Market movement in Marlborough District since the council valuation | +0.7% |
| How Springlands sells against council values | +0.1% |
| Homes of this age in Springlands | +1.0% |
| Homes in this price range | −1.7% |
| Nearby recent sales (15) | +3.3% |
| Its own sale in 2022 | +0.3% |
| Our estimate | $1,090,000 |
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.
Sign in to rate this property, keep private notes on it and record what you think it is worth. Only you see them.
Home 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.
2 Rembrandt Drive as a rental
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $795 | ||
| Property manager | ||
| Rent, 52 weeks | $41,340 | |
| 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 | $34,026 | |
| Interest $763,000 at 6.00%, interest only | −$45,780 | |
| Cash flow before tax | −$11,754 | |
| Cash flow a week | −$226 | |
| Gross / net yield on the price | 3.8% / 3.1% | |
| Return on equity cash flow on the deposit, before tax | −3.6% | |
| Loses money above this interest rate, before tax | 4.46% | |
The rent covers the interest at rates up to 4.46%. That is -3.6% a year on a $327k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area263 m²
- Decade built2020s
- Bedrooms4
- Bathrooms2
- Property categoryUse not published
- CouncilMarlborough District
- Valuation #20261-52657
- 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 number948728
- Title typeFreeholdGuaranteed
- Estate descriptionFee Simple, 1/1, Lot 52 Deposited Plan 550459, 927 m2
- Legal descriptionLot 52 Deposited Plan 550459
- Land area927 m²
- Title issued2 Dec 2020
- Land districtMarlborough
Owners and the parties to each instrument are not published on this page. Order the record of title to see them.
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 · 25 land use or subdivision consents within 250 m.
Within 250 m
- 23 Jun 2022Subdivision
To subdivide Lots 110 & 111 DP 570928 into two new lots as a boundary adjustment
220479.01 · Marlborough District165 mGranted - 8 Jun 2022Land use
To operate a show home with office (this includes two staff on site during business hours) for a period of 4 years, including related signage on Lot 114 DP 570928.
220441.01 · Marlborough District189 mGranted - 24 May 2022Land use
To construct a new vehicle crossing (3) fronting Lot 143 of theRose Manor residential development. (created under resource consentU210083.03, Stage 9A)
220390.03 · Marlborough District224 mGranted - 6 Sep 2021Land use
To operate a show home with office and associated signage on Lot 17 DP 519274.
210720.01 · Marlborough District114 mGranted - 23 Jun 2021Land use
To operate a show home with an associated professional office and signage on Lot 62 DP 550460.
210461.01 · Marlborough District79 mGranted - 17 Feb 2021Subdivision
Stage 8A - To subdivide Lot 100 DP 550463 into 12 residential allotments, road to vest, and a balance allotment (Lot 500).
210083.01 · Marlborough District233 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
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.
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.
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.
The hazard maps could not be read just now.
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 Springlands
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.
Agents active in Springlands
People whose office is within 5 km of Springlands, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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.