Estimate $607k – $769k
3
131 Valley Road, Mangapapa
Title boundary · 813 m² · LINZ
Unclaimed
71 Valley Road, Mangapapa
Also 71A Valley RoadGisborne · Gisborne District
Last sold Jan 2019
OwnBetter estimate
$651k
Medium confidence
We estimate it would sell for $651,000 as at 5 October 2026, in a range of $585,000 to $741,000.
Typical home in Mangapapa
$599k
The median of our estimates of its 1,535 homes
$585kLow
$615kCouncil value
$651kEstimate
$741kHigh
How we worked this out
| Council valuation, Aug 2023 | $615,000 |
|---|---|
| Market movement in Gisborne District since the council valuation | +4.8% |
| Apartments and houses in Gisborne District | −0.1% |
| How Mangapapa sells against council values | −0.1% |
| Homes of this age in Mangapapa | +0.2% |
| Homes in this price range | −1.4% |
| Land as a share of the value | −1.2% |
| Nearby recent sales (15) | +2.1% |
| Its own sale in 2019 | +1.7% |
| Our estimate | $651,000 |
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
Sign in to rate this property, keep private notes on it and record what you think it is worth. Only you see them.
Thinking of buying?Free pre-purchase running cost report Mortgage repayments, this year’s council rates, and estimates for insurance, electricity, gas and internet at this address — saved to your watchlist.
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.
Investor insights
71 Valley Road as a rental
Rent estimate$615/wk$530–$710 · Little evidence
Gross yield4.9%$31,980 a year on $651k
Net yield4.0%After $5,658 of costs
Cash flow−$20/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $615 | ||
| Property manager | ||
| Rent, 52 weeks | $31,980 | |
| 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 | $26,322 | |
| Interest $455,700 at 6.00%, interest only | −$27,342 | |
| Cash flow before tax | −$1,020 | |
| Cash flow a week | −$20 | |
| Gross / net yield on the price | 4.9% / 4.0% | |
| Return on equity cash flow on the deposit, before tax | −0.5% | |
| Loses money above this interest rate, before tax | 5.78% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 5.78%. That is -0.5% a year on a $195k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area150 m²
- Decade built1960s
- Bedrooms4
- Bathrooms1
- Property categoryUse not published
- CouncilGisborne District
- Valuation #8500-38017
- 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 numberGS1A/51
- Title typeFreeholdGuaranteedStandard registered title
- Estate descriptionFee Simple, 1/1, Lot 3 Deposited Plan 4387, 809 m2
- Legal descriptionLot 3 Deposited Plan 4387
- Land area813 m²
- Title issued26 May 1964
- Land districtGisborne
- Addresses on this property2
Registered instruments2 registered instruments on this titleMortgage · Transfer and Grant of Easement Only routine instruments registered 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 · 4 land use or subdivision consents within 250 m.
Within 250 m
- 10 Nov 2021Land use
**BUNDLED** To subdivide Section 2 SO 4981 into two lots. Lot 1 will be 400m2 Lot 2 will be 502m2. Land use consent is also required to retain the garage on Lot 2 without the presence of a dwelling; and for small scale remediation to occur under the NES for Assessing and Managing Contaminants in Soil.
110787* · Gisborne District117 mGranted - 10 Nov 2021Land use
**BUNDLED** To subdivide Section 2 SO 4981 into two lots. Lot 1 will be 400m2 Lot 2 will be 502m2. Land use consent is also required to retain the garage on Lot 2 without the presence of a dwelling; and for small scale remediation to occur under the NES for Assessing and Managing Contaminants in Soil.
110860* · Gisborne District117 mGranted - 10 Nov 2021Subdivision
**BUNDLED** To subdivide Section 2 SO 4981 into two lots. Lot 1 will be 400m2 Lot 2 will be 502m2. Land use consent is also required to retain the garage on Lot 2 without the presence of a dwelling; and for small scale remediation to occur under the NES for Assessing and Managing Contaminants in Soil.
110785* · Gisborne District117 mGranted - 17 Aug 2020Land use
TO OPERATE A KOHANGA REO AT 47 MARY STREET, RIVERDALE, GISBORNE.
LU-2020-109851-00 · Gisborne District102 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.
Free. Takes about a minute.
We check your name against the registered owner on the title before a claim is accepted. Nothing on this page changes for anyone else, and no provider is contacted until you ask.
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 Mangapapa
Gisborne District
1,662
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.
Like Mangapapa?
Find your perfect home
Estimate $561k – $746k
3
10 Greenwood Street, Mangapapa
Estimate $552k – $734k
3
16 Elsthorpe Avenue, Mangapapa
Estimate $622k – $788k
3
125 Valley Road, Mangapapa
Estimate $539k – $717k
3
9 Elsthorpe Avenue, Mangapapa
Estimate $602k – $801k
3
205 Ormond Road, Mangapapa
Estimate $650k – $824k
4
138 Stout Street, Mangapapa
Estimate $581k – $736k
3
40 Mary Street, Mangapapa
Estimate $539k – $717k
4
331A Ormond Road, Mangapapa
Estimate $585k – $778k
3
29 Oswald Street, Mangapapa
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.
Free for property owners
Claim it, then find everything else you own.
A single search across NZ property records finds other titles in your name and in companies you are a director of. Most owners find at least one they had forgotten was held somewhere else.