Estimate $2.24m – $3.47m
3
1308 Luggate-Cromwell Road, Mount Pisa
Title boundary · 90,199 m² · LINZ
Unclaimed
90 Rush Lane, Mount Pisa
Cromwell · Central Otago District
Last sold Apr 2019
Rent estimate · 11 Oct 2026
$970 – $1,280/week
Most likely about $1,115 a week · Little evidence: a rough guide
Estimated rental yield
1.8%
What is rental yield?
Gross rental yield is a year’s rent as a share of what the property is worth: $1,115 × 52 weeks = $57,980, against the council valuation of $3,250,000. 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 | $1,114 | 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
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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 90 Rush Lane
Estimated repayments
$6,070
$2,600,000 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 $628 less a fortnight — about $16,316 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$6,070/fn
ICBC4.65%s$6,185/fn
Bank of China4.68%s$6,206/fn
AIA New Zealand4.99%$6,431/fn
ANZ Bank New Zealand4.99%s$6,431/fn
ASB Bank4.99%$6,431/fn
Bank of Baroda4.99%$6,431/fn
Police Credit Union4.99%$6,431/fn
Unity Credit Union4.99%s$6,431/fn
Kiwibank5.15%s$6,549/fn
Bank of New Zealand5.19%$6,579/fn
SBS Bank5.19%s$6,579/fn
The Co-operative Bank5.19%s$6,579/fn
TSB Bank5.19%s$6,579/fn
Westpac New Zealand5.19%s$6,579/fn
First Credit Union5.29%s$6,653/fn- Kookmin Bank Auckland Branch5.35%$6,698/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 90 Rush Lane. 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
90 Rush Lane as a rental
Rent estimate$1,115/wk$970–$1,280 · Little evidence
Gross yield1.8%$57,980 a year on $3.25m
Net yield1.5%After $10,258 of costs
Cash flow−$1,283/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 $1,115 | ||
| Property manager | ||
| Rent, 52 weeks | $57,980 | |
| 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 | $47,722 | |
| Interest $2,275,000 at 5.03%, interest only | −$114,433 | |
| Cash flow before tax | −$66,711 | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 2.10%. That is -6.8% a year on a $975k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area290 m²
- Decade built2000s
- Bedrooms4
- Bathrooms2
- Parking3 car spaces
- Property categoryUse not published
- CouncilCentral Otago District
- Valuation #28421-13628
- Valuation date1 Oct 2022
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 number424625
- Title typeFreehold
- Estate descriptionFee Simple, 1/1, Lot 2 Deposited Plan 406989, 90,065 m2
- Land area90,199 m²
- Title issued16 Aug 2010
- Land districtOtago
Instruments on this title21 registered instrumentsNotice under Section 91 Transit New Zealand Act 1989 ×8 · Easement Instrument ×6 · Transfer and Grant of Easement ×2 · Consent Notice under s221(4)(a) Resource Management Act 1991 · Easement Certificate · Gazette Notice/Order in Council/Proclamation · Mortgage · Variation of 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.
- 1 Jul 2025Adds/Alts$199,000 declared
Additions & alterations to existing dwg housing - detached
Consent 25/0365 · Central Otago District - 1 Nov 2024Adds/Alts$114,000 declared
New gge with amenities outbuildings
Consent 24/0722 · Central Otago District - 1 Nov 2021New$350,000 declared
New one-bdrm, 2 bathrm dwg to be used as commercial
Consent 21/1017 · Central Otago District
Resource consents
What the council has been asked to allow under the Resource Management Act. 6 on this property · 3 land use or subdivision consents within 250 m.
On this property
- 3 Jun 2025Land use
Change to condition 2 of RC070432 in the rural resource area
070432V1 · Central Otago DistrictGranted - 23 Mar 2022Subdivision
Subdivision creating two allotments from one current Record of Title (surplus rural dwelling) in the Rural Resource Area.
220091 · Central Otago DistrictGranted - 23 Aug 2021Land use
land use consent to establish a seasonal workers accommodation, which can also be used as a second residential dwelling to accommodate visiting friends and family, and an associated colour palette breach, in the Rural Resource Area
210304 · Central Otago DistrictGranted - 3 Jun 2020Certificate of compliance
Application for Certificate of Compliance for installation of two frost fans.
200179 · Central Otago DistrictIssued - 8 May 2020Granted
- 13 Aug 2019Granted
Within 250 m
- 9 Feb 2021Land use
amend Condition 1 of land use consent RC180391 as it relates to building design
180391V1 · Central Otago District224 mGranted - 20 Sep 2018224 mGranted
- 22 Mar 2016Land use
Land use consent to establish temporary and permanent residential activity and to establish workers accommodation in the Rural Resource Area.
160080 · Central Otago District165 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 Central Otago 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.
Otago Regional Council will say more about a listed site on request; quote its HAIL number.
Ask Otago Regional CouncilWhat 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 Mount Pisa
Central Otago District
694
Properties on the rating roll
1 Sep 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 Mount Pisa
People whose office is within 5 km of Mount Pisa, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Dawn TurnbullSalesperson
Pamela Van Der VeldenAgent
Independent
Denise BarrBranch Manager
Independent
Lyzanne Du PlessisSalesperson
Independent
Kenneth LudemannSalesperson
Independent
Loveleen MalhanSalesperson
Independent
Kendra RobertsSalesperson
Independent
Scott TeviotdaleSalesperson
Robin JenkinsSalesperson
Trevor NormanSalesperson
Kurt SnookAgent
Joshua ChisnallSalesperson
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