Deadline Sale
4 2 2
Deadline sale Wed, 11 Nov
Feildings Finest - Views & Architecture
19 Paradise Avenue, Feilding
Harcourts Palmerston North
1 / 19
Unclaimed
487 Makino Road, Feilding
Manawatu District
Deadline Sale
- 4
- 2
- 2
- 8,000 m²
- Lifestyle with dwelling
Lifestyle & location
For sale by Deadline Sale, closing 1pm, Wed 11 Nov 2026 (unless sold prior) Bayleys, 49 Manchester Street, Feilding.
Five kilometres from the centre of Feilding, this is country living without the commute. Set on 8,000sqm (more or less) of flat land, the modern four-bedroom home looks out across the surrounding farmland to the hills beyond.
Built in 2014, the home has two living areas, giving everyone room to spread out, and an open-plan kitchen and dining room that flows out to the deck. A heat pump and wood burner keep things warm through the winter months. The master has its own ensuite and a slider out to the deck, with a main bathroom with shower and bath serving the rest of the home.
Outside, a generous deck gives plenty of room for outdoor dining and entertaining. Mature hedging keeps it private, and an established orchard and vegetable garden sit within the grounds.
Adding to the appeal is a new clearspan pole shed with a concrete floor and lockup, as well as an internal access garage.
Makino Road remains one of Feilding's most popular lifestyle addresses, close to schools and shops. Contact Jack or Mark Monckton for further information.
View by appointment only
OwnBetter estimate
$962k
Medium confidence
We estimate it would sell for $962,000 as at 5 October 2026, in a range of $825,000 to $1,160,000.
Typical home in Feilding
$575k
The median of our estimates of its 5,997 homes
$825kLow
$960kCouncil value
$962kEstimate
$1.16mHigh
How we worked this out
| Council valuation, Jul 2025 | $960,000 |
|---|---|
| Market movement in Manawatu District since the council valuation | ±0.0% |
| How Feilding sells against council values | −0.1% |
| Homes of this age in Feilding | +1.0% |
| Homes in this price range | −0.3% |
| Land as a share of the value | +0.2% |
| Its own sale in 2023 | −0.6% |
| Our estimate | $962,000 |
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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Thinking of buying?Free pre-purchase running cost report Mortgage repayments, this year’s council rates, and estimates for insurance, electricity, gas and internet at this address — saved to your watchlist.
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 487 Makino Road
Estimated repayments
$1,793
$768,000 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 · specialAverage5.01%
Highest5.35%
Kookmin
KookminThe lowest rather than the highest is $185 less a fortnight — about $4,819 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$1,793/fn
ICBC4.65%s$1,827/fn
Bank of China4.68%s$1,833/fn
AIA New Zealand4.99%$1,900/fn
ANZ Bank New Zealand4.99%s$1,900/fn
ASB Bank4.99%$1,900/fn
Bank of Baroda4.99%$1,900/fn
Police Credit Union4.99%$1,900/fn
SBS Bank4.99%s$1,900/fn
TSB Bank4.99%s$1,900/fn
Unity Credit Union4.99%s$1,900/fn
Kiwibank5.15%s$1,935/fn
Bank of New Zealand5.19%$1,943/fn
The Co-operative Bank5.19%s$1,943/fn
Westpac New Zealand5.19%s$1,943/fn
First Credit Union5.29%s$1,965/fn- Kookmin Bank Auckland Branch5.35%$1,978/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 487 Makino 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
487 Makino Road as a rental
Rent estimate$745/wk$650–$860 · Little evidence
Gross yield4.0%$38,740 a year on $962k
Net yield3.3%After $6,854 of costs
Cash flow−$36/wk30% deposit, interest only at 5.01%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate 5.01% is today’s 1-year average | ||
| Rent a week our estimate $745 | ||
| Property manager | ||
| Rent, 52 weeks | $38,740 | |
| 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 | $31,886 | |
| Interest $673,400 at 5.01%, interest only | −$33,737 | |
| Cash flow before tax | −$1,851 | |
| Cash flow a week | −$36 | |
| Gross / net yield on the price | 4.0% / 3.3% | |
| Return on equity cash flow on the deposit, before tax | −0.6% | |
| Loses money above this interest rate, before tax | 4.74% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 4.74%. That is -0.6% a year on a $289k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area197 m²
- Decade built2010s
- Bedrooms4
- Bathrooms2
- Parking2 car spaces
- Property categoryUse not published
- CouncilManawatu District
- Valuation #13990-53510
- Valuation date1 Jul 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 number629968
- Title typeFreeholdGuaranteedStandard registered title
- Estate descriptionFee Simple, 1/1, Lot 1 Deposited Plan 468601, 8,000 m2
- Legal descriptionLot 1 Deposited Plan 468601
- Land area8,003 m²
- Title issued11 Dec 2013
- Land districtWellington
Registered instruments2 registered instruments on this titleEasement Instrument ×2 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
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
Nobody is tracking this property yet
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What claiming gets you
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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 Manawatu 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.
Horizons does not publish its register. Its HAIL information request form asks it what it holds on a property.
Ask Horizons 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 Feilding
Manawatu District
7,002
Properties on the rating roll
10 Jun 2026
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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People whose office is within 5 km of Feilding, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Independent
Natasha BannerBranch Manager
Independent
Nicola BarnettSalesperson
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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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