Estimate $713k – $904k
4
5 Kiwi Street, Mākaraka
Title boundary · 1,438 m² · LINZ
Unclaimed
59 Main Road, Mākaraka
Gisborne · Gisborne District
Last sold Sept 2012
OwnBetter estimate
$789k
Medium confidence
We estimate it would sell for $789,000 as at 5 October 2026, in a range of $674,000 to $897,000.
Typical home in Mākaraka
$721k
The median of our estimates of its 157 homes
$674kLow
$786kCouncil value
$789kEstimate
$897kHigh
How we worked this out
| Council valuation, Aug 2023 | $786,000 |
|---|---|
| Market movement in Gisborne District since the council valuation | +4.8% |
| How Mākaraka sells against council values | −1.6% |
| Homes in this price range | −1.6% |
| Land as a share of the value | −1.2% |
| Nearby recent sales (12) | +0.1% |
| Our estimate | $789,000 |
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 59 Main Road
Estimated repayments
$1,476
$632,000 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 $153 less a fortnight — about $3,966 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$1,476/fn
ICBC4.65%s$1,503/fn
Bank of China4.68%s$1,509/fn
AIA New Zealand4.99%$1,563/fn
ANZ Bank New Zealand4.99%s$1,563/fn
ASB Bank4.99%$1,563/fn
Bank of Baroda4.99%$1,563/fn
Police Credit Union4.99%$1,563/fn
Unity Credit Union4.99%s$1,563/fn
Kiwibank5.15%s$1,592/fn
Bank of New Zealand5.19%$1,599/fn
SBS Bank5.19%s$1,599/fn
The Co-operative Bank5.19%s$1,599/fn
TSB Bank5.19%s$1,599/fn
Westpac New Zealand5.19%s$1,599/fn
First Credit Union5.29%s$1,617/fn- Kookmin Bank Auckland Branch5.35%$1,628/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 59 Main 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
59 Main Road as a rental
Rent estimate$675/wk$590–$780 · Little evidence
Gross yield4.4%$35,100 a year on $789k
Net yield3.7%After $6,210 of costs
Cash flow+$21/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 $675 | ||
| Property manager | ||
| Rent, 52 weeks | $35,100 | |
| 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 | $28,890 | |
| Interest $552,300 at 5.03%, interest only | −$27,781 | |
| Cash flow before tax | +$1,109 | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 5.23%. That is 0.5% a year on a $237k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area153 m²
- Decade built1930s
- Bedrooms3
- Bathrooms2
- Property categoryUse not published
- CouncilGisborne District
- Valuation #8260-27700
- 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 numberGS1C/1356
- Title typeFreehold
- Estate descriptionFee Simple, 1/1, Lot 4 Deposited Plan 5245, 1,432 m2
- Land area1,438 m²
- Title issued9 Mar 1967
- Land districtGisborne
Instruments on this title2 registered instrumentsEasement Instrument · Mortgage 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. 2 consents on record.
- 1 Apr 2022Adds/Alts$60,000 declared
Install inground pool with fence & pump shed
Consent 22426 · Gisborne District - 1 Jul 2021Adds/Alts$6,000 declared
Bdrm extension with ensuite
Consent 21462 · Gisborne District
Resource consents
What the council has been asked to allow under the Resource Management Act. None on this property · 7 land use or subdivision consents within 250 m.
Within 250 m
- 17 Sep 2024Land use
To utilise the existing dwelling onsite as a temporary office activity for Rongowhakaata Iwi Trust until a permanent office building is finalised.
112570* · Gisborne District142 mGranted - 7 Sep 2020Subdivision
THE APPLICANT SEEKS TO SUBDIVIDE THE SUBJECT PROPERTY (56 MAIN ROAD, MAKARAKA) IN TO 2 LOTS AS SHOWN ON THE APPROVED PLANS GC12811A AND GC12811B.
SG-2020-109908-00 · Gisborne District142 mGranted - 2 Aug 201791 mGranted
- 6 Jun 2017Land use
TO ADD AN ADDITIONAL BUILDING TO VACANT LAND ON THIS SITE WHICH IS CURRENTLY STORAGE FACILITY FOR THE PURPOSE OF ADDITIONAL STORAGE
LU-2017-4274-02 · Gisborne District52 mGranted - 2 Jun 2017Land use
To add an additional building to vacant land on this site which is currently storage facility for the purpose of additional storage
4274 02 · Gisborne District52 mGranted - 9 Sep 201691 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
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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 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 Mākaraka
Gisborne District
237
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 Mākaraka
People whose office is within 5 km of Mākaraka, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Independent
Amy-Kelly ClarkAgent
Independent
Roderick SheridanSalesperson
Independent
Shannon SheridanAgent
Ray White
Kelly BryantSalesperson
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Kristina DestounisSalesperson
Ray White
Shelley DonaldsonBranch Manager
Ray White
Scott HannahSalesperson
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Thomas HarbottBranch Manager
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Hamish HarrisonBranch Manager
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Katie KeoghSalesperson
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Monica LunnySalesperson
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Dean MacFarlaneSalesperson
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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