$470,000 CV
4/54 Gresford Street, Edgeware
Shared parcel · 842 m² · LINZ
Rent estimate · 11 Oct 2026
$450 – $600/week
Most likely about $520 a week · Little evidence: a rough guide
Estimated rental yield
5.8%
What is rental yield?
Gross rental yield is a year’s rent as a share of what the property is worth: $520 × 52 weeks = $27,040, against the council valuation of $470,000. 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 |
|---|---|---|
| 2 rentals advertised nearby each adjusted to this property’s bedrooms and value | $434 | 2% |
| From its value what rentals in the area typically yield | $521 | 98% |
We read this property as an apartment. 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.
Rentals it leaned on
| Address | Beds | Asked | As this one | When | Away |
|---|---|---|---|---|---|
| 1/28 Matipo Streetrealestate.co.nz ↗ | 2 | $499 | $434 | Oct 2026 | 4.9 km |
| 25 Rutherglen Avenuerealestate.co.nz ↗ | 3 | $1,100 | $722 | Oct 2026 | 6.6 km |
These are computer-generated guides only, not a rental appraisal.
My notes
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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 2/54 Gresford Street
Estimated repayments
$878
$376,000 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 · specialAverage5.02%
Highest5.35%
Kookmin
KookminThe lowest rather than the highest is $91 less a fortnight — about $2,359 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$878/fn
ICBC4.65%s$894/fn
Bank of China4.68%s$898/fn
AIA New Zealand4.99%$930/fn
ANZ Bank New Zealand4.99%s$930/fn
ASB Bank4.99%$930/fn
Bank of Baroda4.99%$930/fn
Police Credit Union4.99%$930/fn
TSB Bank4.99%s$930/fn
Unity Credit Union4.99%s$930/fn
Kiwibank5.15%s$947/fn
Bank of New Zealand5.19%$951/fn
SBS Bank5.19%s$951/fn
The Co-operative Bank5.19%s$951/fn
Westpac New Zealand5.19%s$951/fn
First Credit Union5.29%s$962/fn- Kookmin Bank Auckland Branch5.35%$969/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 2/54 Gresford 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
2/54 Gresford Street as a rental
Rent estimate$520/wk$450–$600 · Little evidence
Gross yield5.8%$27,040 a year on $470k
Net yield4.7%After $4,784 of costs
Cash flow+$110/wk30% deposit, interest only at 5.02%
| Line | ||
|---|---|---|
| Price Council valuation | ||
| Deposit | ||
| Interest rate 5.02% is today’s 1-year average | ||
| Rent a week our estimate $520 | ||
| Property manager | ||
| Rent, 52 weeks | $27,040 | |
| Empty between tenants 2 weeks | ||
| Property management 9.2% incl. GST | ||
| Maintenance 5% of rent | ||
| Council rates this year | ||
| Landlord insurance the building | ||
| Body corporate levy operating levy | ||
| Net income before interest | $22,256 | |
| Interest $329,000 at 5.02%, interest only | −$16,516 | |
| Cash flow before tax | +$5,740 | |
| Cash flow a week | +$110 | |
| Gross / net yield on the price | 5.8% / 4.7% | |
| Return on equity cash flow on the deposit, before tax | 4.1% | |
| Loses money above this interest rate, before tax | 6.76% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 6.76%. That is 4.1% a year on a $141k deposit. We don’t know this unit’s body corporate levy yet: type it in, or ask the agent for the disclosure statement. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area70 m²
- Decade built1970s
- Parking1 car space
- Property categoryRF197B
- Zoning (valuer’s record)9C
- CouncilChristchurch City
- Valuation #22312-56400-B
- 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 numberCB17B/879
- Title typeUnit TitleGuaranteed
- Estate descriptionStratum in Freehold, 1/1, Unit B and Accessory Unit B1 Deposited Plan 39444
- Legal descriptionUnit B and Accessory Unit B1 Deposited Plan 39444
- Title issued18 Mar 1977
- Land districtCanterbury
Registered instruments1 registered instrument on this title, 2 on the buildingChange of Rules/Address of Body Corporate ×2 · 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
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 · 17 land use or subdivision consents within 250 m.
Within 250 m
- 14 Aug 2024133 mGranted
- 24 Jul 2024Land use
Extension to front facade of building in character overlay area with minor recession plane breach
RMA/2024/2115 · Christchurch City246 mGranted - 18 Nov 2022Land use
Replacement of gable cladding and removal of porch overhang
RMA/2022/3527 · Christchurch City125 mGranted - 20 Sep 2022Land use
To build 10 residential units with associated car parking and landscaping
RMA/2022/2997 · Christchurch City224 mGranted - 3 Mar 2022239 mGranted
- 12 Jul 2021148 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
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.
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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.
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.
Zoning (rating roll)9C
We do not hold flood maps for Christchurch City 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.
Environment Canterbury's Listed Land Use Register can be searched property by property on its own site, but is not published as data.
See the Listed Land Use RegisterWhat 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 Edgeware
Christchurch City
2,280
Properties on the rating roll
1 Aug 2025
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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Agents active in Edgeware
People whose office is within 5 km of Edgeware, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
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Debra HakaraiaAgent
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Kama JacobsAgent
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Arthur DevineSalesperson
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Anne RattraySalesperson
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Samuel BowenSalesperson
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David CanningSalesperson
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Thomas ChamberlainSalesperson
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Nicolas ForanSalesperson
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Brodie FransenSalesperson
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Tuan GohSalesperson
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