515C Gladstone Road, Te Hāpara
Gisborne · Gisborne District
What is rental yield?
Gross rental yield is a year’s rent as a share of what the property is worth: $590 × 52 weeks = $30,680, against our estimate of $602,000. It is before rates, insurance, maintenance, management and vacancies, so what an owner keeps (the net yield) is lower.
How we worked this out
| Evidence | Points to | Counted |
|---|---|---|
| From its value what rentals in the area typically yield | $590 | 100% |
We read this property as an apartment with 3 bedrooms. Rentals advertised nearby count most when they are close, recent and alike; the more of them there are, the less the area’s bond figures count. Bond figures are rents agreed in new tenancies, from Tenancy Services, placed within the area by how this property’s council valuation compares with similar homes there.
These are computer-generated guides only, not a rental appraisal.
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.
515C Gladstone Road as a rental
| Line | ||
|---|---|---|
| Price Council valuation | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $590 | ||
| Property manager | ||
| Rent, 52 weeks | $30,680 | |
| Empty between tenants 2 weeks | ||
| Property management 9.2% incl. GST | ||
| Maintenance 5% of rent | ||
| Council rates this year | ||
| Landlord insurance the building | ||
| Body corporate levy operating levy | ||
| Net income before interest | $25,252 | |
| Interest $415,100 at 6.00%, interest only | −$24,906 | |
| Cash flow before tax | +$346 | |
| Cash flow a week | +$7 | |
| Gross / net yield on the price | 5.2% / 4.3% | |
| Return on equity cash flow on the deposit, before tax | 0.2% | |
| Loses money above this interest rate, before tax | 6.08% | |
The rent covers the interest at rates up to 6.08%. That is 0.2% a year on a $178k deposit. We don’t know this unit’s body corporate levy yet: type it in, or ask the agent for the disclosure statement. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area120 m²
- Decade built1980s
- Bedrooms3
- Bathrooms1
- Parking2 car spaces
- Property categoryUse not published
- CouncilGisborne District
- Valuation #8550-6000-C
- 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 numberGS4D/572
- Title typeUnit Title
- Legal descriptionUnit C and Accessory Unit C1 and C2 Deposited Plan 6765
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 · 7 land use or subdivision consents within 250 m.
Within 250 m
- 22 Apr 2025Land use
extension of existing dwelling at 485 Palmerston Road by resulting in a site coverage infringement and boundary infringement.
112910* · Gisborne District239 mGranted - 5 Feb 2025Land use
To relocate a second-hand dwelling unit older than 10 years to 4 Hunter Street, Gisborne, legally described as Lot 21 DP1678
112767* · Gisborne District150 mGranted - 19 Feb 2024121 mGranted
- 20 Feb 2023115 mGranted
- 19 May 2020Land use
The applicant seeks consent to undertake additions to an existing dwelling that will result in a total site coverage of 41%.
109674- · Gisborne District232 mGranted - 21 Feb 2017215 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.
What 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
Counts describe the records we hold for this territorial authority, not a market forecast. OwnBetter has no estimate for this property. Every council figure on this page can be checked against the council's own record.
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.
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.