$780,000
3 1 1
Cambridge East Opportunity
5A Elizabeth Street, Cambridge
Cambridge
1 / 28
Unclaimed
2 Kings Crescent, Cambridge
Waipa District
Auction
- 2
- 1
- 3
- 554 m²
- House
Your Next Chapter on Kings
Two Bedrooms, More Living Extra lounge space, beautiful native timber floors, a generous deck and separate garaging makes this home an appealing option for buyers seeking a two-bedroom home in Cambridge. The 90sqm house includes an extension to the lounge, providing welcome additional space to relax and entertain while retaining its two-bedroom layout. It is a practical combination for couples, first-home buyers and smaller households wanting living space without taking on a larger home. Outside, the 28sqm+/- deck creates another place to gather, enjoy a morning coffee or settle in for a relaxed afternoon. The 554sqm +/- freehold section offers space to garden and personalise the outdoor setting around your own lifestyle. The separate garage, approximately 24sqm, adds useful room for vehicle storage, tools and everyday extras. An established Cambridge address completes the picture. Whether you are taking your first step onto the property ladder or looking for a smaller home with outdoor space and garaging, this is one to explore. Come and discover what life in the cul-de-sac of Kings Crescent could look like for you. To be sold by auction, unless sold prior. Call Jo Harris on 027 551 3552 to arrange your viewing.
OwnBetter estimate
$780k
Medium confidence
We estimate it would sell for $780,000 as at 5 October 2026, in a range of $667,000 to $887,000.
Typical home in Cambridge
$922k
The median of our estimates of its 3,121 homes
$667kLow
$760kCouncil value
$780kEstimate
$887kHigh
How we worked this out
| Council valuation, Aug 2025 | $760,000 |
|---|---|
| Market movement in Waipa District since the council valuation | +1.7% |
| Apartments and houses in Waipa District | +0.2% |
| How Cambridge sells against council values | −0.1% |
| Homes of this age in Cambridge | −0.8% |
| Homes in this price range | +0.4% |
| Land as a share of the value | +0.6% |
| Nearby recent sales (15) | +0.7% |
| Our estimate | $780,000 |
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
2 Kings Crescent as a rental
Rent estimate$670/wk$580–$770 · Little evidence
Gross yield4.5%$34,840 a year on $780k
Net yield3.7%After $6,164 of costs
Cash flow−$79/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $670 | ||
| Property manager | ||
| Rent, 52 weeks | $34,840 | |
| 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 | $28,676 | |
| Interest $546,000 at 6.00%, interest only | −$32,760 | |
| Cash flow before tax | −$4,084 | |
| Cash flow a week | −$79 | |
| Gross / net yield on the price | 4.5% / 3.7% | |
| Return on equity cash flow on the deposit, before tax | −1.7% | |
| Loses money above this interest rate, before tax | 5.25% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 5.25%. That is -1.7% a year on a $234k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area114 m²
- Land area554 m²
- Decade built1950s
- Bedrooms3
- Bathrooms1
- Parking1 car space
- Property categoryUse not published
- CouncilWaipa District
- Valuation #4361-13600
- Valuation date1 Aug 2025
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 numberSA68A/902
- Title typeFreehold
- Legal descriptionLot 1 Deposited Plan South Auckland 86003
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
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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.
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 Cambridge
Waipa District
8,663
Properties on the rating roll
1 Aug 2025
Last council revaluation
Buyer demand
11 people looked at properties in Cambridge this week.
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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