5 Davy Place, Outer Kaiti
Gisborne · Gisborne District
We estimate it would sell for $400,000 as at 5 October 2026, in a range of $342,000 to $455,000.
How we worked this out
| Council valuation, Aug 2023 | $367,000 |
|---|---|
| Market movement in Gisborne District since the council valuation | +4.8% |
| How Outer Kaiti sells against council values | +1.4% |
| Homes of this age in Outer Kaiti | +1.6% |
| Homes in this price range | +1.2% |
| Land as a share of the value | −1.2% |
| Nearby recent sales (15) | +1.0% |
| Our estimate | $400,000 |
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.
Sign in to rate this property, keep private notes on it and record what you think it is worth. Only you see them.
Home 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.
5 Davy Place as a rental
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $480 | ||
| Property manager | ||
| Rent, 52 weeks | $24,960 | |
| 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 | $20,544 | |
| Interest $280,000 at 6.00%, interest only | −$16,800 | |
| Cash flow before tax | +$3,744 | |
| Cash flow a week | +$72 | |
| Gross / net yield on the price | 6.2% / 5.1% | |
| Return on equity cash flow on the deposit, before tax | 3.1% | |
| Loses money above this interest rate, before tax | 7.34% | |
The rent covers the interest at rates up to 7.34%. That is 3.1% a year on a $120k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area103 m²
- Decade built1970s
- Bedrooms3
- Bathrooms1
- Parking1 car space
- Property categoryUse not published
- CouncilGisborne District
- Valuation #8430-25700
- 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 numberGS2B/1188
- Title typeFreeholdGuaranteedStandard registered titleMarginal strip rules
- Estate descriptionFee Simple, 1/1, Lot 57 Deposited Plan 5374, 647 m2
- Legal descriptionLot 57 Deposited Plan 5374
- Land area650 m²
- Title issued15 Jan 1969
- Land districtGisborne
Marginal strip rules. Where land borders the sea, a lake or a river at least 3 m wide, a strip about 20 m wide along the water is kept for public access and conservation when the Crown or a state enterprise disposes of it. The note says these rules apply, not that a strip exists: the survey plan shows whether one was set aside, and it is usually outside the title, between the boundary and the water.
Owners and the parties to each instrument are not published on this page. Order the record of title to see them.
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 · 1 land use or subdivision consent within 250 m.
Within 250 m
- 17 May 2021Land use
TO RELOCATE A DWELLING TO 66 LYELL ROAD WHICH REQUIRES EARTHWORKS ON A SITE IDENTIFIED AS HAVING CONCENTRATIONS OF HEAVY METALS ABOVE BACKGROUND LEVELS, BUT THAT DO NOT EXCEED THE STANDARDS IN REGULATION 7 OF THE NES-CS.
NC-2021-110402-00 · Gisborne District214 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
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.
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.
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 Outer Kaiti
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.
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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.