Estimate $568k – $719k
3
388 Ormond Road, Lytton West
Title boundary · 712 m² · LINZ
Unclaimed
400 Ormond Road, Lytton West
Gisborne · Gisborne District
Last sold Aug 2022
OwnBetter estimate
$664k
Medium confidence
We estimate it would sell for $664,000 as at 5 October 2026, in a range of $596,000 to $755,000.
Typical home in Lytton West
$951k
The median of our estimates of its 425 homes
$596kLow
$660kCouncil value
$664kEstimate
$755kHigh
How we worked this out
| Council valuation, Aug 2023 | $660,000 |
|---|---|
| Market movement in Gisborne District since the council valuation | +4.8% |
| How Lytton West sells against council values | −3.1% |
| Homes of this age in Lytton West | −0.7% |
| Homes in this price range | −1.4% |
| Land as a share of the value | −1.2% |
| Nearby recent sales (15) | −1.0% |
| Its own sale in 2022 | +3.4% |
| Our estimate | $664,000 |
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 400 Ormond Road
Estimated repayments
$1,242
$532,000 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 $128 less a fortnight — about $3,338 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$1,242/fn
ICBC4.65%s$1,265/fn
Bank of China4.68%s$1,270/fn
AIA New Zealand4.99%$1,316/fn
ANZ Bank New Zealand4.99%s$1,316/fn
ASB Bank4.99%$1,316/fn
Bank of Baroda4.99%$1,316/fn
Police Credit Union4.99%$1,316/fn
Unity Credit Union4.99%s$1,316/fn
Kiwibank5.15%s$1,340/fn
Bank of New Zealand5.19%$1,346/fn
SBS Bank5.19%s$1,346/fn
The Co-operative Bank5.19%s$1,346/fn
TSB Bank5.19%s$1,346/fn
Westpac New Zealand5.19%s$1,346/fn
First Credit Union5.29%s$1,361/fn- Kookmin Bank Auckland Branch5.35%$1,370/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 400 Ormond 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
400 Ormond Road as a rental
Rent estimate$620/wk$540–$710 · Little evidence
Gross yield4.9%$32,240 a year on $664k
Net yield4.0%After $5,704 of costs
Cash flow+$61/wk30% deposit, interest only at 5.03%
| Rent, 52 weeks | $32,240 |
|---|---|
| Empty between tenants 2 weeks | −$1,240 |
| Property management 9.2% incl. GST | −$2,852 |
| Maintenance 5% of rent | −$1,612 |
| Council rates this year | Not known |
| Landlord insurance the building | Not known |
| Net income before interest | $26,536 |
| Interest $464,800 at 5.03%, interest only | −$23,379 |
| Cash flow before tax | +$3,157 |
The rent covers the interest at rates up to 5.71%. That is 1.6% a year on a $199k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area143 m²
- Decade built1980s
- Bedrooms3
- Bathrooms2
- Property categoryUse not published
- CouncilGisborne District
- Valuation #8520-18912
- 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 numberGS4C/982
- Title typeFreehold
- Estate descriptionFee Simple, 1/1, Lot 7 Deposited Plan 6650, 709 m2
- Land area712 m²
- Title issued17 May 1982
- Land districtGisborne
Instruments on this title3 registered instrumentsEasement Certificate · Mortgage · 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
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. 1 consent on record.
- 1 May 2024Adds/Alts$7,500 declared
Install freestanding masport Wanaka logfire
Consent 24491 · Gisborne District
Resource consents
What the council has been asked to allow under the Resource Management Act. None on this property · 10 land use or subdivision consents within 250 m.
Within 250 m
- 1 Dec 2024Land use
**BUNDLED** To undertake a comprehensive residential development of Lot 1 DP 9609 which is vacant residential zoned land located adjacent to the Gisborne Hospital site. The overall development is a bundled land use and subdivision consent and will be completed in stages, with this particular application being Stage 1. Stage 1 includes the bulk earthworks and infrastructure required for the entire development along with 60 dwellings and a Puna Reo childcare centre. The dwellings will consist of a mix of housing typologies with single and two storey designs. An internal roading network has been designed to service the development with three new road intersections linking the development with Ormond Road.
112710* · Gisborne District213 mGranted - 1 Dec 2024Land use
**BUNDLED** To undertake a comprehensive residential development of Lot 1 DP 9609 which is vacant residential zoned land located adjacent to the Gisborne Hospital site. The overall development is a bundled land use and subdivision consent and will be completed in stages, with this particular application being Stage 1. Stage 1 includes the bulk earthworks and infrastructure required for the entire development along with 60 dwellings and a Puna Reo childcare centre. The dwellings will consist of a mix of housing typologies with single and two storey designs. An internal roading network has been designed to service the development with three new road intersections linking the development with Ormond Road.
112780* · Gisborne District213 mGranted - 1 Dec 2024Subdivision
**BUNDLED** To undertake a comprehensive residential development of Lot 1 DP 9609 which is vacant residential zoned land located adjacent to the Gisborne Hospital site. The overall development is a bundled land use and subdivision consent and will be completed in stages, with this particular application being Stage 1. Stage 1 includes the bulk earthworks and infrastructure required for the entire development along with 60 dwellings and a Puna Reo childcare centre. The dwellings will consist of a mix of housing typologies with single and two storey designs. An internal roading network has been designed to service the development with three new road intersections linking the development with Ormond Road.
112711* · Gisborne District213 mGranted - 8 Jun 2020Land use
THE APPLICANT SEEKS CONSENT TO UNDERTAKE AN 8.8M² BUILDING EXTENSION, AND TO INCREASE PATRON NUMBERS FROM 65 TO 150.
LU-2020-109707-00 · Gisborne District216 mGranted - 14 Nov 2019Land use
To construct a deck, extend exterior garden bar area by 32m2 and to construct a roof over part of the new deck that abuts a part of the Ruru Avenue boundary
109313- · Gisborne District216 mGranted - 1 Nov 2019Land use
To extend the current motel block with the addition of one motel unit. The new part of the building will infringe the side yard setback and be visible from a road adjacent to a public place so requires consent.
109265- · Gisborne District152 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 Lytton West
Gisborne District
466
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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Agents active in Lytton West
People whose office is within 5 km of Lytton West, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Independent
Amy-Kelly ClarkAgent
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Roderick SheridanSalesperson
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Kelly BryantSalesperson
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Kristina DestounisSalesperson
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Shelley DonaldsonBranch Manager
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Katie KeoghSalesperson
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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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