AerialNot listedEstimate $1.01m – $1.29m
4
8 Montecillo Lane, Mornington
Title boundary · 6,437 m² · LINZ
Unclaimed
10 Montecillo Lane
Also 79 Eglinton Road and 10 Montecillo LaneMornington, Dunedin · Dunedin City
Last sold Jun 2016
OwnBetter estimate
$1.13m
Medium confidence
We estimate it would sell for $1,130,000 as at 5 October 2026, in a range of $1,020,000 to $1,290,000.
Typical home in Mornington
$559k
The median of our estimates of its 904 homes
$1.02mLow
$1.07mCouncil value
$1.13mEstimate
$1.29mHigh
How we worked this out
| Council valuation, Jun 2025 | $1,070,000 |
|---|---|
| Market movement in Dunedin City since the council valuation | +3.3% |
| Apartments and houses in Dunedin City | −0.7% |
| How Mornington sells against council values | +0.8% |
| Homes of this age in Mornington | +1.9% |
| Homes in this price range | −0.6% |
| Land as a share of the value | −1.1% |
| Nearby recent sales (15) | +1.1% |
| Its own sale in 2016 | +1.1% |
| Our estimate | $1,130,000 |
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 and its own last sale 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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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 10 Montecillo Lane
Estimated repayments
$2,111
$904,000 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 $218 less a fortnight — about $5,673 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$2,111/fn
ICBC4.65%s$2,150/fn
Bank of China4.68%s$2,158/fn
AIA New Zealand4.99%$2,236/fn
ANZ Bank New Zealand4.99%s$2,236/fn
ASB Bank4.99%$2,236/fn
Bank of Baroda4.99%$2,236/fn
Police Credit Union4.99%$2,236/fn
Unity Credit Union4.99%s$2,236/fn
Kiwibank5.15%s$2,277/fn
Bank of New Zealand5.19%$2,287/fn
SBS Bank5.19%s$2,287/fn
The Co-operative Bank5.19%s$2,287/fn
TSB Bank5.19%s$2,287/fn
Westpac New Zealand5.19%s$2,287/fn
First Credit Union5.29%s$2,313/fn- Kookmin Bank Auckland Branch5.35%$2,329/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 10 Montecillo 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.
Investor insights
10 Montecillo Lane as a rental
Rent estimate$810/wk$700–$930 · Little evidence
Gross yield3.7%$42,120 a year on $1.13m
Net yield3.1%After $7,452 of costs
Cash flow−$98/wk30% deposit, interest only at 5.03%
| Rent, 52 weeks | $42,120 |
|---|---|
| Empty between tenants 2 weeks | −$1,620 |
| Property management 9.2% incl. GST | −$3,726 |
| Maintenance 5% of rent | −$2,106 |
| Council rates this year | Not known |
| Landlord insurance the building | Not known |
| Net income before interest | $34,668 |
| Interest $791,000 at 5.03%, interest only | −$39,787 |
| Cash flow before tax | −$5,119 |
The rent covers the interest at rates up to 4.38%. That is -1.5% a year on a $339k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area206 m²
- Decade built2010s
- Bedrooms4
- Bathrooms2
- Parking2 car spaces
- Property categoryUse not published
- CouncilDunedin City
- Valuation #27060-31708
- 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 number662700
- Title typeFreehold, with a 1/17 share of common land
- Estate descriptionFee Simple, 1/17, Lot 19 Deposited Plan 477748, 6,000 m2; Fee Simple, 1/1, Lot 5 Deposited Plan 477748, 435 m2
- Land area435 m²
- Shared land1/17 share of 6,000 m² common lot · held with 6 other places
- Title issued19 Sep 2014
- Land districtOtago
- Addresses on this property2
Instruments on this title9 registered instrumentsEasement Instrument ×5 · Consent Notice under s221(4)(a) Resource Management Act 1991 · Mortgage · Order for New Certificate of Title · Transfer and Grant of Easement 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
Real-estate 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. 3 on this property · 14 land use or subdivision consents within 250 m. 1 here is worth reading: declined, notified or not yet decided.
On this property
- 18 Jul 2023Granted
- 28 Feb 2019Land use
land use consent for tree maintenance works on a significant tree T402 Quercus robur (Oak)
LUC-2019-93 · Dunedin CityGranted - 10 Aug 2016Granted
Within 250 m
- 8 Feb 2024Land use
to construct a deck and associated stairs breaching relevant setback and site coverage (buildings and impervious surfaces) performance standard
LUC-2024-49 · Dunedin City84 mGranted - 8 Sep 2023192 mGranted
- 26 Jan 2022Land use
Disturbance of land at contaminated site for the purpose of remediation.
RM22.032.01 · Otago Regional75 mGranted - 25 Jan 2022Land use
the disturbance of soil and removal of soil from a contaminated site under the Resource Management (National Environmental Standard for Assessing and Managing Contaminants in Soil to Protect Human Health) Regulations 2011
LUC-2022-25 · Dunedin City75 mGranted - 21 Dec 2021192 mGranted
- 4 Jun 2021Land use
land use consent for the construction of four new residential units with associated parking and performance standard breaches related to density, boundary setbacks, height, outdoor living space
LUC-2021-309 · Dunedin City182 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
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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 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 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 Mornington
Dunedin City
1,007
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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Agents active in Mornington
People whose office is within 5 km of Mornington, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Independent
Mikayla BennettsSalesperson
Independent
Jane BradshawAgent
Independent
Denise CaseySalesperson
Independent
Shay DeweySalesperson
Independent
Lyndon FairbairnAgent
Independent
Peter GaleAgent
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Beryl Lebowitz-CiccoriccoSalesperson
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Michael TurfusSalesperson
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Lawrence PeetersSalesperson
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Julie RobinsonSalesperson
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Kendra RobinsonSalesperson
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Cornelia BlairSalesperson
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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