Title boundary · 178,894 m² · LINZ
Unclaimed

83 Dick Road, Lower Portobello

Dunedin · Dunedin City

Last sold May 2019

What you’ll love about this place

  • Waterfront: the land runs down to the coast

From LINZ's topographic maps: how near the land comes to the water's edge.

OwnBetter estimate
$1.5m
Low confidence

We estimate it would sell for $1,500,000 as at 5 October 2026, in a range of $1,190,000 to $1,850,000.

Typical home in Lower Portobello
$523k
The median of our estimates of its 63 homes
How we worked this out
Council valuation, Jun 2025$1,450,000
Market movement in Dunedin City since the council valuation+3.3%
How Lower Portobello sells against council values−0.1%
Homes in this price range−0.5%
Land as a share of the value+0.4%
Our estimate$1,500,000

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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What it costs to live here

Home expense estimates

Mortgage: open the section
$6,073a month, all in

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

What it would cost to buy 83 Dick Road

Every rate from 36 lenders →
Estimated repayments
$2,802
$1,200,000 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
Average5.03%
Highest5.35%Kookmin

The lowest rather than the highest is $290 less a fortnight — about $7,530 over the 1 year.

All 17 lenders at 1 year fixed
  • China Construction Bank4.49%s$2,802/fn
  • ICBC4.65%s$2,854/fn
  • Bank of China4.68%s$2,864/fn
  • AIA New Zealand4.99%$2,968/fn
  • ANZ Bank New Zealand4.99%s$2,968/fn
  • ASB Bank4.99%$2,968/fn
  • Bank of Baroda4.99%$2,968/fn
  • Police Credit Union4.99%$2,968/fn
  • Unity Credit Union4.99%s$2,968/fn
  • Kiwibank5.15%s$3,023/fn
  • Bank of New Zealand5.19%$3,036/fn
  • SBS Bank5.19%s$3,036/fn
  • The Co-operative Bank5.19%s$3,036/fn
  • TSB Bank5.19%s$3,036/fn
  • Westpac New Zealand5.19%s$3,036/fn
  • First Credit Union5.29%s$3,071/fn
  • Kookmin Bank Auckland Branch5.35%$3,091/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 83 Dick Road. 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

83 Dick Road as a rental

Rent estimate$930/wk$810–$1,070 · Little evidence
Gross yield3.2%$48,360 a year on $1.5m
Net yield2.7%After $8,556 of costs
Cash flow−$250/wk30% deposit, interest only at 5.03%
Rent, 52 weeks$48,360
Empty between tenants 2 weeks−$1,860
Property management 9.2% incl. GST−$4,278
Maintenance 5% of rent−$2,418
Council rates this yearNot known
Landlord insurance the buildingNot known
Net income before interest$39,804
Interest $1,050,000 at 5.03%, interest only−$52,815
Cash flow before tax−$13,011

The rent covers the interest at rates up to 3.79%. That is -2.9% a year on a $450k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area206 m²
  • Decade built1980s
  • Bedrooms4
  • Bathrooms3
  • Parking2 car spaces
  • Property categoryUse not published
  • CouncilDunedin City
  • Valuation #27610-13000
  • Valuation date1 Jun 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 numberOT194/43
  • Title typeFreehold
  • Estate descriptionFee Simple, 1/1, Section 48 and Part Section 45-47 Block II Portobello Survey District, 178,036 m2
  • Legal descriptionSEC 48 PT SECS 45/47 BLK II PORTOBELLO SD - PT SUBJ TO CONSERVATION COVENANT SHOWN ON DP 24505
  • Land area178,894 m²
  • Title issued23 Dec 1920
  • Land districtOtago
Instruments on this title1 registered instrumentCovenant (All types except Land covenants) 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. 1 Apr 2021
    Adds/Alts

    Amendment to aba-2020-2229 - alt cladding

    Consent 511/21 · Dunedin City
  2. 1 Dec 2020
    Adds/Alts$360,000 declared

    Erect gge with workshop, bathrm & sink, install yunca wegj2000 heater, septic tank & & 2 x 30 000l water tanks

    Consent 2229/20 · Dunedin City
  3. 1 May 2020
    Adds/Alts$31,500 declared

    Extend gge

    Consent 705/20 · Dunedin City
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 Dunedin 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.

Otago Regional Council will say more about a listed site on request; quote its HAIL number.

Ask Otago Regional Council

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 Lower Portobello

Dunedin City
69
Properties on the rating roll
1 Jun 2025
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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