Finding a picture…
Estimate $1.32m – $2.04m
5
235 Harper Road, Makauri
Title boundary · 8,212 m² · LINZ
Unclaimed
638 Back Ormond Road, Makauri
Gisborne · Gisborne District
Last sold Feb 2020
OwnBetter estimate
$1.67m
Medium confidence
We estimate it would sell for $1,670,000 as at 5 October 2026, in a range of $1,430,000 to $1,900,000.
Typical home in Makauri
$1.22m
The median of our estimates of its 442 homes
$1.43mLow
$1.64mCouncil value
$1.67mEstimate
$1.9mHigh
How we worked this out
| Council valuation, Aug 2023 | $1,640,000 |
|---|---|
| Market movement in Gisborne District since the council valuation | +4.8% |
| How Makauri sells against council values | −1.7% |
| Homes of this age in Makauri | +0.7% |
| Homes in this price range | −1.7% |
| Land as a share of the value | −0.6% |
| Nearby recent sales (15) | +0.4% |
| Our estimate | $1,670,000 |
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 638 Back Ormond Road
Estimated repayments
$3,119
$1,336,000 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 $322 less a fortnight — about $8,384 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$3,119/fn
ICBC4.65%s$3,178/fn
Bank of China4.68%s$3,189/fn
AIA New Zealand4.99%$3,305/fn
ANZ Bank New Zealand4.99%s$3,305/fn
ASB Bank4.99%$3,305/fn
Bank of Baroda4.99%$3,305/fn
Police Credit Union4.99%$3,305/fn
Unity Credit Union4.99%s$3,305/fn
Kiwibank5.15%s$3,365/fn
Bank of New Zealand5.19%$3,380/fn
SBS Bank5.19%s$3,380/fn
The Co-operative Bank5.19%s$3,380/fn
TSB Bank5.19%s$3,380/fn
Westpac New Zealand5.19%s$3,380/fn
First Credit Union5.29%s$3,419/fn- Kookmin Bank Auckland Branch5.35%$3,442/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 638 Back 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
638 Back Ormond Road as a rental
Rent estimate$985/wk$850–$1,130 · Little evidence
Gross yield3.1%$51,220 a year on $1.67m
Net yield2.5%After $9,062 of costs
Cash flow−$320/wk30% deposit, interest only at 5.03%
| Rent, 52 weeks | $51,220 |
|---|---|
| Empty between tenants 2 weeks | −$1,970 |
| Property management 9.2% incl. GST | −$4,531 |
| Maintenance 5% of rent | −$2,561 |
| Council rates this year | Not known |
| Landlord insurance the building | Not known |
| Net income before interest | $42,158 |
| Interest $1,169,000 at 5.03%, interest only | −$58,801 |
| Cash flow before tax | −$16,643 |
The rent covers the interest at rates up to 3.61%. That is -3.3% a year on a $501k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area320 m²
- Decade built2010s
- Bedrooms4
- Bathrooms2
- Parking2 car spaces
- Property categoryUse not published
- CouncilGisborne District
- Valuation #8240-12553
- 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 number643571
- Title typeFreehold, with a 1/14 share of common land
- Estate descriptionFee Simple, 1/14, Lot 11 Deposited Plan 398087, 3,331 m2; Fee Simple, 1/1, Lot 5 Deposited Plan 472267, 4,850 m2
- Land area4,850 m²
- Shared land1/14 share of 3,331 m² common lot · held with 11 other places
- Title issued12 Apr 2017
- Land districtGisborne
Instruments on this title11 registered instrumentsTransfer and Grant of Easement ×3 · Consent Notice under s221(4)(a) Resource Management Act 1991 ×2 · Easement Instrument ×2 · Mortgage · Order for New Certificate of Title · Transfer · Variation 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 Oct 2022Adds/Alts$100,000 declared
Extension to existing dwg under existing patio roof & relocate freestanding masport MacKenzie r10000 logfire
Consent 23073 · Gisborne District
Resource consents
What the council has been asked to allow under the Resource Management Act. None on this property · 8 land use or subdivision consents within 250 m.
Within 250 m
- 19 Apr 2021Land use
**BUNDLED** TO SUBDIVIDE ONE LOT INTO TWO UNDERSIZED LOTS AND TO CONSTRUCT A RESIDENTIAL DWELLING ON LOT 1.
LU-2021-110341-00 · Gisborne District42 mGranted - 19 Apr 2021Subdivision
**BUNDLED** TO SUBDIVIDE ONE LOT INTO TWO UNDERSIZED LOTS AND TO CONSTRUCT A RESIDENTIAL DWELLING ON LOT 1.
SG-2021-110340-00 · Gisborne District42 mGranted - 28 Jan 2021Subdivision
THE APPLICANT SEEKS CONSENT TO SUBDIVIDE LOT 1 DP 9667 INTO TWO LOTS. LOT 1 WILL BE 1.0HA IN SIZE WHILE LOT 2 WILL BE 4.218HA. BOTH LOTS COMPLY WITH THE MINIMUM SITE SIZE REQUIRED IN RURAL RESIDENTIAL ZONE AND PROPOSE TO UPGRADE THE VEHICLE CROSSINGS. THEREFORE THE STATUS OF THE APPLICATION IS A CONTROLLED ACTIVITY.
SG-2021-110186-00 · Gisborne District163 mGranted - 31 Aug 2020Subdivision
**BUNDLED** SUBDIVISION OF LOT 9 DP 398087 INTO TWO LOTS
SG-2020-109900-00 · Gisborne District42 mGranted - 31 Aug 2020Land use
**BUNDLED** SUBDIVISION OF LOT 9 DP 398087 INTO TWO LOTS
LU-2020-109901-00 · Gisborne District42 mGranted - 7 Apr 2020Subdivision
**Bundled with LU-2020-109592-00** To amend condition 6 of subdivision consent SG-2012-105496-00 pursuant to Section 127 of the RMA
105496-03 · Gisborne District133 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
Nobody is tracking this property yet
If it is yours, claiming it puts the council record, the title and what it costs you to hold in one place — and lets you put your lending, insurance and power out to people who compete for them.
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What claiming gets you
1One live recordCouncil valuation, title details and registered interests, kept current rather than gathered again every time you need them.
2Your lending in the pictureAdd what you owe, or connect the bank, and the equity and LVR stop being a calculation you redo by hand.
3Providers compete for itPut the mortgage, the insurance and the power out to people who want the business — on your terms, when you ask.
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 Makauri
Gisborne District
557
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 Makauri
People whose office is within 5 km of Makauri, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
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Amy-Kelly ClarkAgent
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Roderick SheridanSalesperson
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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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