Finding a picture…
Not listedEstimate $618k – $783k
3
21 Steed Avenue, Te Hāpara
Title boundary · 866 m² · LINZ
Unclaimed
5 Mill Road
Te Hāpara, Gisborne · Gisborne District
Last sold Sept 2017
OwnBetter estimate
$670k
Medium confidence
We estimate it would sell for $670,000 as at 5 October 2026, in a range of $601,000 to $762,000.
Typical home in Te Hāpara
$578k
The median of our estimates of its 2,021 homes
$601kLow
$641kCouncil value
$670kEstimate
$762kHigh
How we worked this out
| Council valuation, Aug 2023 | $641,000 |
|---|---|
| Market movement in Gisborne District since the council valuation | +4.8% |
| How Te Hāpara sells against council values | +1.4% |
| Homes of this age in Te Hāpara | +1.8% |
| Homes in this price range | −1.4% |
| Land as a share of the value | −1.2% |
| Nearby recent sales (15) | −1.7% |
| Its own sale in 2017 | +0.8% |
| Our estimate | $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 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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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 5 Mill Road
Estimated repayments
$1,251
$536,000 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 $129 less a fortnight — about $3,364 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$1,251/fn
ICBC4.65%s$1,275/fn
Bank of China4.68%s$1,279/fn
AIA New Zealand4.99%$1,326/fn
ANZ Bank New Zealand4.99%s$1,326/fn
ASB Bank4.99%$1,326/fn
Bank of Baroda4.99%$1,326/fn
Police Credit Union4.99%$1,326/fn
Unity Credit Union4.99%s$1,326/fn
Kiwibank5.15%s$1,350/fn
Bank of New Zealand5.19%$1,356/fn
SBS Bank5.19%s$1,356/fn
The Co-operative Bank5.19%s$1,356/fn
TSB Bank5.19%s$1,356/fn
Westpac New Zealand5.19%s$1,356/fn
First Credit Union5.29%s$1,372/fn- Kookmin Bank Auckland Branch5.35%$1,381/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 5 Mill 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.
Investor insights
5 Mill Road as a rental
Rent estimate$620/wk$540–$720 · Little evidence
Gross yield4.8%$32,240 a year on $670k
Net yield4.0%After $5,704 of costs
Cash flow+$57/wk30% deposit, interest only at 5.03%
| Rent, 52 weeks | $32,240 |
|---|---|
| Empty between tenants 2 weeks | −$1,240 |
| Property management 9.2% incl. GST | −$2,852 |
| Maintenance 5% of rent | −$1,612 |
| Council rates this year | Not known |
| Landlord insurance the building | Not known |
| Net income before interest | $26,536 |
| Interest $469,000 at 5.03%, interest only | −$23,591 |
| Cash flow before tax | +$2,945 |
The rent covers the interest at rates up to 5.66%. That is 1.5% a year on a $201k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area150 m²
- Decade built1950s
- Bedrooms4
- Bathrooms2
- Property categoryUse not published
- CouncilGisborne District
- Valuation #8530-4502
- 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 numberGS5C/669
- Title typeFreehold
- Estate descriptionFee Simple, 1/1, Part Lot 1 Deposited Plan 4317, 862 m2
- Land area866 m²
- Title issued12 Nov 1991
- Land districtGisborne
Instruments on this title3 registered instrumentsMortgage · Transfer and Grant of Easement · Variation of 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
Real-estate Listings
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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 · 5 land use or subdivision consents within 250 m.
Within 250 m
- 4 Sep 2023Subdivision
**BUNDLED** to demolish the existing dwelling, construct 3 new lightweight, timber-framed residential dwellings, and subdivide the lot into Lots 1, 2, 3, and 4 at 5 De Costa Avenue, Te Hapara, Gisborne. Consent is also provided to demolish the existing dwelling, construct 2 new lightweight, timber-framed residential dwellings, and subdivide the lot into Lots 1, 2, and 3 at 9 De Costa Avenue, Te Hapara, Gisborne. Lot 4 at 5 De Costa will be a Joint Owned Access Lot (JOAL) to Lots 2 and 3. Lot 1 at 5 De Costa will have its own accessway. Lot 3 from 9 De Costa will be the JOAL to Lots 1 and 2. The consent iLand use consentludes iLand use consentringements on minimum allotment sizes on Lots 1, 2, and 3 at 5 De Costa, yards setbacks on Lots 1, 2, and 3 at 5 De Costa, minimum distaLand use consente between 2 accessways on Lot 1, and height recession planes on Lot 2 at 5 De Costa. The consent also iLand use consentludes iLand use consentringements on minimum allotment sizes on Lots 1, and 2 at 9 De Costa, and yards setbacks on Lots 1, and 2 at 9 De Costa. Consent also iLand use consentludes earthworks required to facilitate construction of all the necessary iLand use consentrastructure, iLand use consentluding water supply, wastewater disposal, stormwater disposal, electricity, and telecommunications to Lots 1, 2, and 3, at 5 De Costa and Lots 1 and 2 at 9 De Costa. Consent is also provided to carry out land disturbaLand use consente at 9 De Costa where soil is contaminated. The proposal outlines that the contaminated soil will be disposed of at a liceLand use consented dumping site.
111976* · Gisborne District215 mGranted - 9 Apr 2023Subdivision
**BUNDLED** to demolish the existing dwelling, construct 3 new lightweight, timber-framed residential dwellings, and subdivide the lot into Lots 1, 2, 3, and 4 at 5 De Costa Avenue, Te Hapara, Gisborne. Consent is also provided to demolish the existing dwelling, construct 2 new lightweight, timber-framed residential dwellings, and subdivide the lot into Lots 1, 2, and 3 at 9 De Costa Avenue, Te Hapara, Gisborne. Lot 4 at 5 De Costa will be a Joint Owned Access Lot (JOAL) to Lots 2 and 3. Lot 1 at 5 De Costa will have its own accessway. Lot 3 from 9 De Costa will be the JOAL to Lots 1 and 2. The consent iLand use consentludes iLand use consentringements on minimum allotment sizes on Lots 1, 2, and 3 at 5 De Costa, yards setbacks on Lots 1, 2, and 3 at 5 De Costa, minimum distaLand use consente between 2 accessways on Lot 1, and height recession planes on Lot 2 at 5 De Costa. The consent also iLand use consentludes iLand use consentringements on minimum allotment sizes on Lots 1, and 2 at 9 De Costa, and yards setbacks on Lots 1, and 2 at 9 De Costa. Consent also iLand use consentludes earthworks required to facilitate construction of all the necessary iLand use consentrastructure, iLand use consentluding water supply, wastewater disposal, stormwater disposal, electricity, and telecommunications to Lots 1, 2, and 3, at 5 De Costa and Lots 1 and 2 at 9 De Costa. Consent is also provided to carry out land disturbaLand use consente at 9 De Costa where soil is contaminated. The proposal outlines that the contaminated soil will be disposed of at a liceLand use consented dumping site.
111977* · Gisborne District215 mGranted - 9 Apr 2023Land use
**BUNDLED** to demolish the existing dwelling, construct 3 new lightweight, timber-framed residential dwellings, and subdivide the lot into Lots 1, 2, 3, and 4 at 5 De Costa Avenue, Te Hapara, Gisborne. Consent is also provided to demolish the existing dwelling, construct 2 new lightweight, timber-framed residential dwellings, and subdivide the lot into Lots 1, 2, and 3 at 9 De Costa Avenue, Te Hapara, Gisborne. Lot 4 at 5 De Costa will be a Joint Owned Access Lot (JOAL) to Lots 2 and 3. Lot 1 at 5 De Costa will have its own accessway. Lot 3 from 9 De Costa will be the JOAL to Lots 1 and 2. The consent iLand use consentludes iLand use consentringements on minimum allotment sizes on Lots 1, 2, and 3 at 5 De Costa, yards setbacks on Lots 1, 2, and 3 at 5 De Costa, minimum distaLand use consente between 2 accessways on Lot 1, and height recession planes on Lot 2 at 5 De Costa. The consent also iLand use consentludes iLand use consentringements on minimum allotment sizes on Lots 1, and 2 at 9 De Costa, and yards setbacks on Lots 1, and 2 at 9 De Costa. Consent also iLand use consentludes earthworks required to facilitate construction of all the necessary iLand use consentrastructure, iLand use consentluding water supply, wastewater disposal, stormwater disposal, electricity, and telecommunications to Lots 1, 2, and 3, at 5 De Costa and Lots 1 and 2 at 9 De Costa. Consent is also provided to carry out land disturbaLand use consente at 9 De Costa where soil is contaminated. The proposal outlines that the contaminated soil will be disposed of at a liceLand use consented dumping site.
111978* · Gisborne District215 mGranted - 7 Nov 2022213 mGranted
- 17 Feb 2022Land use
To convert an existing garage with a total floor area of 45m2 into a minor dwelling unit which is located 1.1m from the northern boundary and 1.7m from the eastern boundary.
110966* · Gisborne District139 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
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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 Te Hāpara
Gisborne District
2,180
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 Te Hāpara
People whose office is within 5 km of Te Hāpara, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
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Roderick SheridanSalesperson
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Shannon SheridanAgent
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Shelley DonaldsonBranch Manager
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Dean MacFarlaneSalesperson
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Jayden McKaySalesperson
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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