Estimate $569k – $757k
3
4 Brook Street, Springlands
Title boundary · 843 m² · LINZ
Unclaimed
6 Brook Street, Springlands
Blenheim · Marlborough District
Last sold Aug 2009
OwnBetter estimate
$672k
Medium confidence
We estimate it would sell for $672,000 as at 5 October 2026, in a range of $575,000 to $765,000.
Typical home in Springlands
$750k
The median of our estimates of its 1,901 homes
$575kLow
$660kCouncil value
$672kEstimate
$765kHigh
How we worked this out
| Council valuation, Jul 2023 | $660,000 |
|---|---|
| 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 | −0.7% |
| Homes in this price range | +0.4% |
| Land as a share of the value | +0.3% |
| Nearby recent sales (15) | +1.1% |
| Our estimate | $672,000 |
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
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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
6 Brook Street as a rental
Rent estimate$625/wk$540–$720 · Little evidence
Gross yield4.8%$32,500 a year on $672k
Net yield4.0%After $5,750 of costs
Cash flow−$28/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $625 | ||
| Property manager | ||
| Rent, 52 weeks | $32,500 | |
| 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 | $26,750 | |
| Interest $470,400 at 6.00%, interest only | −$28,224 | |
| Cash flow before tax | −$1,474 | |
| Cash flow a week | −$28 | |
| Gross / net yield on the price | 4.8% / 4.0% | |
| Return on equity cash flow on the deposit, before tax | −0.7% | |
| Loses money above this interest rate, before tax | 5.69% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 5.69%. That is -0.7% a year on a $202k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area122 m²
- Decade built1960s
- Bedrooms4
- Bathrooms2
- Parking4 car spaces
- Property categoryUse not published
- CouncilMarlborough District
- Valuation #20520-56903
- 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 numberMB56/64
- Title typeFreeholdGuaranteedStandard registered title
- Estate descriptionFee Simple, 1/1, Lot 4 Deposited Plan 1840, 844 m2
- Land area843 m²
- Title issued26 Mar 1957
- Land districtMarlborough
Registered instruments2 registered instruments on this titleBuilding Line Restriction · Mortgage Only routine instruments registered 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
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
Building work the council has consented on this property, newest first. 5 consents on record.
- Date not publishedAdds/Alts
Alterations
Consent BC070396 · Marlborough District - Date not publishedAdds/Alts
Inbuilt Gillies Kinsman Log Fire
Consent BC040747 · Marlborough District - Date not publishedAdds/Alts
Legalise inbuilt "kent Log Fire"
Consent BC960808 · Marlborough District - Date not publishedAdds/Alts
Remove Existing Garage / New Garage with Sleepout
Consent BC110014 · Marlborough District - Date not publishedAdds/Alts
Installation of Free-Standing Masport R5000 Log Fire & Relocation of Timber Window
Consent BC161327 · Marlborough District
Resource consents
What the council has been asked to allow under the Resource Management Act. None on this property · 9 land use or subdivision consents within 250 m.
Within 250 m
- 4 Oct 2022Land use
To build a dwelling with an outdoor amenity area that does not comply with the relevant standards on Lot 2 DP 568315.
220783.01 · Marlborough District157 mGranted - 25 Feb 2021175 mGranted
- 25 Feb 2021172 mGranted
- 29 Sep 2020Land use
To drill two geotechnical bores and undertake three core penetrations tests, four Scala tests via hand augering, and four pavement pits to investigate ground conditions for the proposed realignment of the High Street Bridge at approximately 1678666° E, 5404030° N, subject
200808.01 · Marlborough District120 mGranted - 25 Sep 2019Land use
To operate professional offices from a residential property on Lot 1 DP 12050
190797.01 · Marlborough District230 mGranted - 2 May 2018Land use
To construct a residential dwelling with attached garage that will encroach the recession plane along the west boundary on Lot 2 DP 500246.
180316 · Marlborough District51 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
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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.
We do not hold flood maps for Marlborough District yet.
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
Marlborough District
2,251
Properties on the rating roll
1 Jul 2023
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 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.
Norman BlakistonBranch Manager
Stephen CrockettSalesperson
McGregor LyonsSalesperson
Kenneth McLeodSalesperson
Naomi AllcuttSalesperson
Julie AmbroseSalesperson
Jake ArnesenSalesperson
Alan AtkinsAgent
Michael BuysSalesperson
Tracey CharlettBranch Manager
Wade CorneliusBranch Manager
Arron CoxSalesperson
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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