Title boundary · 11,924 m² · LINZ
Unclaimed

171 South Street, Feilding

Manawatu District

Last sold Nov 2012

Mahoe, Feilding
Heritage listCategory 2 historic place

Mahoe

List No. 1229Built 1904–1993Listed 2010

Constructed on the outskirts of Feilding in 1904, Mahoe was the large timber residence of prominent local businessman, Norman Gorton (d.1926). The house was designed by noted architect Charles Tilleard Natusch (1859-1952) and bears hallmarks of his other Tudor style domestic commissions from the early twentieth century, but was individualised for his client.

Read the entry on the Heritage List →

Photo: Karen Astwood, 2009, © Heritage New Zealand Pouhere Taonga

OwnBetter estimate
$1.83m
Medium confidence

We estimate it would sell for $1,830,000 as at 5 October 2026, in a range of $1,560,000 to $2,080,000.

Typical home in Feilding
$575k
The median of our estimates of its 5,997 homes
How we worked this out
Council valuation, Jul 2025$1,850,000
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−0.3%
Homes in this price range+0.3%
Land as a share of the value−1.0%
Nearby recent sales (15)−0.1%
Our estimate$1,830,000

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
$7,409a 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 171 South Street

Every rate from 36 lenders →
Estimated repayments
$3,418
$1,464,000 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 $353 less a fortnight — about $9,187 over the 1 year.

All 17 lenders at 1 year fixed
  • China Construction Bank4.49%s$3,418/fn
  • ICBC4.65%s$3,482/fn
  • Bank of China4.68%s$3,495/fn
  • AIA New Zealand4.99%$3,621/fn
  • ANZ Bank New Zealand4.99%s$3,621/fn
  • ASB Bank4.99%$3,621/fn
  • Bank of Baroda4.99%$3,621/fn
  • Police Credit Union4.99%$3,621/fn
  • Unity Credit Union4.99%s$3,621/fn
  • Kiwibank5.15%s$3,688/fn
  • Bank of New Zealand5.19%$3,704/fn
  • SBS Bank5.19%s$3,704/fn
  • The Co-operative Bank5.19%s$3,704/fn
  • TSB Bank5.19%s$3,704/fn
  • Westpac New Zealand5.19%s$3,704/fn
  • First Credit Union5.29%s$3,746/fn
  • Kookmin Bank Auckland Branch5.35%$3,771/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 171 South 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

171 South Street as a rental

Rent estimate$1,030/wk$890–$1,180 · Little evidence
Gross yield2.9%$53,560 a year on $1.83m
Net yield2.4%After $9,476 of costs
Cash flow−$391/wk30% deposit, interest only at 5.03%
Line
Price Our estimate
Deposit
Interest rate 5.03% is today’s 1-year average
Rent a week our estimate $1,030
Property manager
Rent, 52 weeks$53,560
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$44,084
Interest $1,281,000 at 5.03%, interest only−$64,434
Cash flow before tax−$20,350
Cash flow a week−$391
Gross / net yield on the price2.9% / 2.4%
Return on equity cash flow on the deposit, before tax−3.7%
Loses money above this interest rate, before tax3.44%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 3.44%. That is -3.7% a year on a $549k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area402 m²
  • Decade built1910s
  • Bedrooms6
  • Bathrooms3
  • Parking3 car spaces
  • Property categoryUse not published
  • CouncilManawatu District
  • Valuation #14101-42300
  • 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 numberWN574/159
  • Title typeFreehold
  • Estate descriptionFee Simple, 1/1, Lot 1 Deposited Plan 14327, 12,141 m2
  • Land area11,924 m²
  • Title issued14 Aug 1951
  • Land districtWellington
Registered instruments3 registered instruments on this titleGazette Notice/Order in Council/Proclamation ×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 · 3 land use or subdivision consents within 250 m.

Within 250 m

  1. 6 Sep 2021
    Land use

    Construct more than two dwellings on one site and cover non-cimpliance of earthworks, site coverage and shape factor in relation to SB10662

    10663 · Manawatu District
    242 mGranted
  2. 6 Sep 2021
    Subdivision

    Subdivide Lot 21 DP 2063 into 3 lots with an associated land use consent

    10662 · Manawatu District
    242 mGranted
  3. 21 Jul 2021
    Subdivision

    Proposed two-lot boundary adjustment subdivision, in the Industrial zone.##No additional units of demand are being created therefore no Development Contributions are ##required

    10600 · Manawatu District
    234 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 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 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 Feilding

Manawatu District
6,890
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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Agents active in Feilding

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
Tremain Real Estate ManawatuOffice in this suburbView profile →
Independent
Nicola BarnettSalesperson
NZR LimitedOffice in this suburbView profile →
Independent
Peter BarnettAgent
NZR LimitedOffice in this suburbView profile →
Kimberley BrauschSalesperson
Property Brokers FeildingOffice in this suburbView profile →
Wayne BrooksAgent
PGG Wrightson Real Estate Limited (Feilding)Office in this suburbView profile →
Independent
Caitlin CampbellSalesperson
Harcourts FeildingOffice in this suburbView profile →
Independent
Julie CampbellSalesperson
Harcourts FeildingOffice in this suburbView profile →
Independent
William CampbellSalesperson
Harcourts FeildingOffice in this suburbView profile →
Jacqueline CampionBranch Manager
PGG Wrightson Real Estate Limited (Feilding)Office in this suburbView profile →
James CampionSalesperson
PGG Wrightson Real Estate Limited (Feilding)Office in this suburbView profile →
Toni CawseySalesperson
Property Brokers FeildingOffice in this suburbView profile →
Claire ClareSalesperson
Property Brokers FeildingOffice in this suburbView profile →
Who sold the most in Feilding →

The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.

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