Estimate $629k – $797k
3
82A Chalmers Road, Elgin
Title boundary · 896 m² · LINZ
Unclaimed
39-43 Manuka Street, Elgin
Gisborne · Gisborne District
OwnBetter estimate
$1.35m
Medium confidence
We estimate it would sell for $1,350,000 as at 5 October 2026, in a range of $1,160,000 to $1,540,000.
Typical home in Elgin
$492k
The median of our estimates of its 665 homes
$1.16mLow
$1.3mCouncil value
$1.35mEstimate
$1.54mHigh
How we worked this out
| Council valuation, Aug 2023 | $1,300,000 |
|---|---|
| Market movement in Gisborne District since the council valuation | +4.8% |
| Apartments and houses in Gisborne District | −0.1% |
| How Elgin sells against council values | +0.7% |
| Homes of this age in Elgin | −0.3% |
| Homes in this price range | −1.7% |
| Land as a share of the value | +1.3% |
| Nearby recent sales (15) | −0.4% |
| Our estimate | $1,350,000 |
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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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 39-43 Manuka Street
Estimated repayments
$2,521
$1,080,000 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 $261 less a fortnight — about $6,777 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$2,521/fn
ICBC4.65%s$2,569/fn
Bank of China4.68%s$2,578/fn
AIA New Zealand4.99%$2,672/fn
ANZ Bank New Zealand4.99%s$2,672/fn
ASB Bank4.99%$2,672/fn
Bank of Baroda4.99%$2,672/fn
Police Credit Union4.99%$2,672/fn
Unity Credit Union4.99%s$2,672/fn
Kiwibank5.15%s$2,720/fn
Bank of New Zealand5.19%$2,733/fn
SBS Bank5.19%s$2,733/fn
The Co-operative Bank5.19%s$2,733/fn
TSB Bank5.19%s$2,733/fn
Westpac New Zealand5.19%s$2,733/fn
First Credit Union5.29%s$2,764/fn- Kookmin Bank Auckland Branch5.35%$2,782/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 39-43 Manuka 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
39-43 Manuka Street as a rental
Rent estimate$885/wk$770–$1,020 · Little evidence
Gross yield3.4%$46,020 a year on $1.35m
Net yield2.8%After $8,142 of costs
Cash flow−$186/wk30% deposit, interest only at 5.03%
| Rent, 52 weeks | $46,020 |
|---|---|
| Empty between tenants 2 weeks | −$1,770 |
| Property management 9.2% incl. GST | −$4,071 |
| Maintenance 5% of rent | −$2,301 |
| Council rates this year | Not known |
| Landlord insurance the building | Not known |
| Net income before interest | $37,878 |
| Interest $945,000 at 5.03%, interest only | −$47,534 |
| Cash flow before tax | −$9,656 |
The rent covers the interest at rates up to 4.01%. That is -2.4% a year on a $405k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area273 m²
- Decade built2020s
- Bedrooms3
- Bathrooms1
- Property categoryUse not published
- CouncilGisborne District
- Valuation #8530-69900
- Valuation date1 Aug 2023
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 numberGS1D/145
- Title typeFreehold
- Estate descriptionFee Simple, 1/1, Lot 82 Deposited Plan 4181, 890 m2
- Legal descriptionLot 82 Deposited Plan 4181
- Land area896 m²
- Title issued17 Apr 1967
- Land districtGisborne
- Addresses on this property3
Instruments on this title1 registered instrumentHousing Corporation Easement Certificate 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 · 9 land use or subdivision consents within 250 m.
Within 250 m
- 7 Feb 2024Land use
**BUNDLED** to remove the existing dwelling, establish three residential dwellings, and subdivide into three residential lots and an additional JOAL (referred to as Lot 100 in the application); consent iLand use consentludes iLand use consentringements on minimum allotment sizes on Lots 2, and 3 at 39 Manukau Street and yards setbacks on Lots 1 and also iLand use consentludes earthworks required to facilitate construction of all the necessary iLand use consentrastructure, iLand use consentluding water supply, wastewater disposal, stormwater disposal, electricity, and telecommunications to Lots 1, 2, and 3 and consent is also provided to carry out land disturbaLand use consente at 39 Manukau where soil is contaminated.
112191* · Gisborne District21 mGranted - 7 Feb 2024Subdivision
**BUNDLED** to remove the existing dwelling, establish three residential dwellings, and subdivide into three residential lots and an additional JOAL (referred to as Lot 100 in the application); consent iLand use consentludes iLand use consentringements on minimum allotment sizes on Lots 2, and 3 at 39 Manukau Street and yards setbacks on Lots 1 and also iLand use consentludes earthworks required to facilitate construction of all the necessary iLand use consentrastructure, iLand use consentluding water supply, wastewater disposal, stormwater disposal, electricity, and telecommunications to Lots 1, 2, and 3 and consent is also provided to carry out land disturbaLand use consente at 39 Manukau where soil is contaminated.
112190* · Gisborne District21 mGranted - 7 Feb 2024Land use
**BUNDLED** to remove the existing dwelling, establish three residential dwellings, and subdivide into three residential lots and an additional JOAL (referred to as Lot 100 in the application); consent iLand use consentludes iLand use consentringements on minimum allotment sizes on Lots 2, and 3 at 39 Manukau Street and yards setbacks on Lots 1 and also iLand use consentludes earthworks required to facilitate construction of all the necessary iLand use consentrastructure, iLand use consentluding water supply, wastewater disposal, stormwater disposal, electricity, and telecommunications to Lots 1, 2, and 3 and consent is also provided to carry out land disturbaLand use consente at 39 Manukau where soil is contaminated.
112189* · Gisborne District21 mGranted - 29 Aug 2022Subdivision
**BUNDLED** to subdivide 12 Totara Street, legally described as Lot 72 DP 4521 into two allotments. The subdivision also requires consent under the National Environmental Standard for Assessing and Managing Contaminants in Soil to Protect Human Health for exceeding the land disturbance volumes and for the contaminant levels exceeding the regulations.
111376* · Gisborne District189 mGranted - 29 Aug 2022Land use
**BUNDLED** to subdivide 12 Totara Street, legally described as Lot 72 DP 4521 into two allotments. The subdivision also requires consent under the National Environmental Standard for Assessing and Managing Contaminants in Soil to Protect Human Health for exceeding the land disturbance volumes and for the contaminant levels exceeding the regulations.
111377* · Gisborne District189 mGranted - 6 Dec 2021Land use
To relocate a 47m2 second-hand minor dwelling unit onto the subject site in which the Code of Compliance Certificate was issued more than 10 years ago.
110846* · Gisborne District142 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 Gisborne 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.
We show the sites the district plan schedules as contaminated. Gisborne does not publish a wider register; ask the council or check the LIM.
Ask Gisborne District 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 Elgin
Gisborne District
722
Properties on the rating roll
1 Aug 2023
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 Elgin, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
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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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