Estimate $605k – $805k
3
23 Rua Street, Mangapapa
Title boundary · 484 m² · LINZ
Unclaimed
293A Ormond Road, Mangapapa
Gisborne · Gisborne District
Last sold Sept 2019
OwnBetter estimate
$708k
Medium confidence
We estimate it would sell for $708,000 as at 5 October 2026, in a range of $636,000 to $806,000.
Typical home in Mangapapa
$599k
The median of our estimates of its 1,535 homes
$636kLow
$691kCouncil value
$708kEstimate
$806kHigh
How we worked this out
| Council valuation, Aug 2023 | $691,000 |
|---|---|
| Market movement in Gisborne District since the council valuation | +4.8% |
| How Mangapapa sells against council values | −0.1% |
| Homes of this age in Mangapapa | −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 2019 | +0.2% |
| Our estimate | $708,000 |
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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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 293A Ormond Road
Estimated repayments
$1,326
$568,000 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 $137 less a fortnight — about $3,564 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$1,326/fn
ICBC4.65%s$1,351/fn
Bank of China4.68%s$1,356/fn
AIA New Zealand4.99%$1,405/fn
ANZ Bank New Zealand4.99%s$1,405/fn
ASB Bank4.99%$1,405/fn
Bank of Baroda4.99%$1,405/fn
Police Credit Union4.99%$1,405/fn
Unity Credit Union4.99%s$1,405/fn
Kiwibank5.15%s$1,431/fn
Bank of New Zealand5.19%$1,437/fn
SBS Bank5.19%s$1,437/fn
The Co-operative Bank5.19%s$1,437/fn
TSB Bank5.19%s$1,437/fn
Westpac New Zealand5.19%s$1,437/fn
First Credit Union5.29%s$1,453/fn- Kookmin Bank Auckland Branch5.35%$1,463/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 293A 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
293A Ormond Road as a rental
Rent estimate$640/wk$550–$740 · Little evidence
Gross yield4.7%$33,280 a year on $708k
Net yield3.9%After $5,888 of costs
Cash flow+$47/wk30% deposit, interest only at 5.03%
| Rent, 52 weeks | $33,280 |
|---|---|
| Empty between tenants 2 weeks | −$1,280 |
| Property management 9.2% incl. GST | −$2,944 |
| Maintenance 5% of rent | −$1,664 |
| Council rates this year | Not known |
| Landlord insurance the building | Not known |
| Net income before interest | $27,392 |
| Interest $495,600 at 5.03%, interest only | −$24,929 |
| Cash flow before tax | +$2,463 |
The rent covers the interest at rates up to 5.53%. That is 1.2% a year on a $212k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area130 m²
- Decade built2000s
- Bedrooms3
- Bathrooms1
- Parking1 car space
- Property categoryUse not published
- CouncilGisborne District
- Valuation #8500-49203
- 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 numberGS6D/157
- Title typeFreehold
- Estate descriptionFee Simple, 1/1, Lot 4 Deposited Plan 9805, 482 m2
- Legal descriptionLot 4 Deposited Plan 9805
- Land area484 m²
- Title issued2 Oct 2001
- Land districtGisborne
Instruments on this title2 registered instrumentsEasement Certificate · 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
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 · 8 land use or subdivision consents within 250 m.
Within 250 m
- 15 Jan 2025Subdivision
**BUNDLED** to subdivide the property at 305 Ormond Road legally described as Lot 2 DP 2721. In addition, consent is granted for a future dwelling that will be positioned at the rear of the site in proposed Lot 2.
112753* · Gisborne District103 mGranted - 15 Jan 2025Land use
**BUNDLED** to subdivide the property at 305 Ormond Road legally described as Lot 2 DP 2721. In addition, consent is granted for a future dwelling that will be positioned at the rear of the site in proposed Lot 2.
112752* · Gisborne District103 mGranted - 12 Sep 2024Land use
To amend condition 1 of land use consent LU-2021-110434-00. The changes made to conditions are listed in Schedule 1 and the complete set of conditions and advice notes are listed in Schedule 2.
110434*01 · Gisborne District205 mGranted - 11 Apr 2024Subdivision
to subdivide Lot 2 DP 4158 into two separate allotments, each containing an existing dwelling located on the property
112315* · Gisborne District109 mGranted - 3 Jun 2021Subdivision
To underWater - Take a 2 lot subdivision of Lot 20, legally described as DP 2141 at 15 Walsh Street, Gisborne.
110449* · Gisborne District173 mGranted - 3 Jun 2021Subdivision
To subdivide Lot 38 DP 2221 into two within the General Residential Zone, resulting in one additional title
110450* · Gisborne District95 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
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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 Mangapapa
Gisborne District
1,642
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 Mangapapa
People whose office is within 5 km of Mangapapa, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Independent
Roderick SheridanSalesperson
Independent
Shannon SheridanAgent
Ray White
Kelly BryantSalesperson
Ray White
Kristina DestounisSalesperson
Ray White
Shelley DonaldsonBranch Manager
Ray White
Scott HannahSalesperson
Ray White
Thomas HarbottBranch Manager
Ray White
Hamish HarrisonBranch Manager
Ray White
Katie KeoghSalesperson
Ray White
Monica LunnySalesperson
Ray White
Dean MacFarlaneSalesperson
Ray White
Jayden McKaySalesperson
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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