Estimate $659k – $876k
3
141 Wither Road, Witherlea
Title boundary · 970 m² · LINZ
Unclaimed
2 Safe Street, Witherlea
Also 180 Redwood StreetBlenheim · Marlborough District
Last sold Feb 2009
Rent estimate · 16 Oct 2026
$570 – $750/week
Most likely about $655 a week · Little evidence: a rough guide
Estimated rental yield
4.6%
What is rental yield?
Gross rental yield is a year’s rent as a share of what the property is worth: $655 × 52 weeks = $34,060, against the council valuation of $740,000. It is before rates, insurance, maintenance, management and vacancies, so what an owner keeps (the net yield) is lower.
How we worked this out
| Evidence | Points to | Counted |
|---|---|---|
| From its value what rentals in the area typically yield | $654 | 100% |
We read this property as a house with 4 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
Sign in to rate this property, keep private notes on it and record what you think it is worth. Only you see them.
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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.
Home loan
Every rate from 36 lenders →What it would cost to buy 2 Safe Street
Estimated repayments
$1,382
$592,000 at 4.49% 1 year fixed with China Construction Bank, over 30 years Loan length
1 year fixed today · 17 lenders
Lowest4.49%
CCB · special
CCB · specialAverage5.03%
Highest5.35%
Kookmin
KookminThe lowest rather than the highest is $143 less a fortnight — about $3,715 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$1,382/fn
ICBC4.65%s$1,408/fn
Bank of China4.68%s$1,413/fn
AIA New Zealand4.99%$1,464/fn
ANZ Bank New Zealand4.99%s$1,464/fn
ASB Bank4.99%$1,464/fn
Bank of Baroda4.99%$1,464/fn
Police Credit Union4.99%$1,464/fn
Unity Credit Union4.99%s$1,464/fn
Kiwibank5.15%s$1,491/fn
Bank of New Zealand5.19%$1,498/fn
SBS Bank5.19%s$1,498/fn
The Co-operative Bank5.19%s$1,498/fn
TSB Bank5.19%s$1,498/fn
Westpac New Zealand5.19%s$1,498/fn
First Credit Union5.29%s$1,515/fn- Kookmin Bank Auckland Branch5.35%$1,525/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 2 Safe Street. Free for you — lenders pay brokers — and nobody sees your name until you choose one.
Principal and interest at the lowest advertised card rate, held for the whole loan — no New Zealand rate is. A guide, not a lending offer or financial advice. How much could you borrow? · Mortgage calculator
Investor insights
2 Safe Street as a rental
Rent estimate$655/wk$570–$750 · Little evidence
Gross yield4.6%$34,060 a year on $740k
Net yield3.8%After $6,026 of costs
Cash flow+$38/wk30% deposit, interest only at 5.03%
| Line | ||
|---|---|---|
| Price Council valuation | ||
| Deposit | ||
| Interest rate 5.03% is today’s 1-year average | ||
| Rent a week our estimate $655 | ||
| Property manager | ||
| Rent, 52 weeks | $34,060 | |
| 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 | $28,034 | |
| Interest $518,000 at 5.03%, interest only | −$26,055 | |
| Cash flow before tax | +$1,979 | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 5.41%. That is 0.9% a year on a $222k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area192 m²
- Decade built1950s
- Bedrooms4
- Bathrooms2
- Parking2 car spaces
- Property categoryUse not published
- CouncilMarlborough District
- Valuation #20542-47200
- 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 number100903
- Title typeFreehold
- Estate descriptionFee Simple, 1/1, Lot 2 Deposited Plan 325018, 970 m2
- Legal descriptionLot 2 Deposited Plan 325018
- Land area970 m²
- Title issued5 Sep 2003
- Land districtMarlborough
- Addresses on this property2
Instruments on this title2 registered instrumentsBuilding Line Restriction · Mortgage 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. 3 consents on record.
- Date not publishedAdds/Alts
Alterations
Consent BC051589 · Marlborough District - Date not publishedAdds/Alts
Hot Water Cylinder
Consent BC980888 · Marlborough District - Date not publishedAdds/Alts
Flue Replacement
Consent BC980597 · Marlborough District
Resource consents
What the council has been asked to allow under the Resource Management Act. None on this property · 11 land use or subdivision consents within 250 m.
Within 250 m
- 13 May 2022233 mGranted
- 13 May 2022Land use
To authorise the existing house on Lot 1 (of U220364.01) to intrude into the recession plane on the eastern boundary by a maximum of 1.35 metres
220364.02 · Marlborough District232 mGranted - 10 Mar 2022Land use
To operate a small business that includes some retail activity from a owner occupied dwelling on Lot 8 DP 3402.
220174.01 · Marlborough District195 mGranted - 21 Feb 2022Land use
To undertake soil disturbance of no more than 50 cubic metres of material on a Hazardous Activities and Industries List site which does not comply with Regulations 8(3)(c) and 8(3)(d) of the Resource Management (National Environmental Standard for Assessing and Managing Contaminants in Soil to Protect Human Health) Regulations 2011, on Flat 2 DP 3543 ½ Share in 748 metres square being Lot 6 DP 3051.
220130.01 · Marlborough District246 mGranted - 15 Dec 2021247 mGranted
- 15 Dec 2021Land use
To undertake excavations for services and replacement of a vehicle crossing near aNotable Tree.
211051.02 · Marlborough District229 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
Nobody is tracking this property yet
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What claiming gets you
1One live recordCouncil valuation, title details and registered interests, kept current rather than gathered again every time you need them.
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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.
We do not hold flood maps for Marlborough District yet.
Contaminated land
Councils keep registers of land used for activities on the Hazardous Activities and Industries List (HAIL) — service stations, timber treatment, orchards, landfills. A listing records how land was used, not that it is contaminated: most sites have never been tested.
Marlborough District Council does not publish its register. Its property file and the LIM hold HAIL records; ask its HAIL enquiry team.
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 Witherlea
Marlborough District
2,664
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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People whose office is within 5 km of Witherlea, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
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