Estimate $887k – $1.12m
4
32A Strowan Avenue, Fairfield
Title boundary · 490 m² · LINZ
Unclaimed
588 River Road, Fairfield
Hamilton · Hamilton City
Last sold Apr 2002
What you’ll love about this place
- About 60 m from a river
From LINZ's topographic maps: how near the land comes to the water's edge.
OwnBetter estimate
$987k
Medium confidence
We estimate it would sell for $987,000 as at 5 October 2026, in a range of $844,000 to $1,120,000.
Typical home in Fairfield
$646k
The median of our estimates of its 2,237 homes
$844kLow
$987kEstimate
$1.0mCouncil value
$1.12mHigh
How we worked this out
| Council valuation, Sept 2024 | $1,000,000 |
|---|---|
| Market movement in Hamilton City since the council valuation | +1.4% |
| How Fairfield sells against council values | −1.8% |
| Homes of this age in Fairfield | +0.3% |
| Homes in this price range | −0.9% |
| Land as a share of the value | −0.3% |
| Our estimate | $987,000 |
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.
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.
Investor insights
588 River Road as a rental
Rent estimate$760/wk$660–$870 · Little evidence
Gross yield4.0%$39,520 a year on $987k
Net yield3.3%After $6,992 of costs
Cash flow−$172/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $760 | ||
| Property manager | ||
| Rent, 52 weeks | $39,520 | |
| 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 | $32,528 | |
| Interest $690,900 at 6.00%, interest only | −$41,454 | |
| Cash flow before tax | −$8,926 | |
| Cash flow a week | −$172 | |
| Gross / net yield on the price | 4.0% / 3.3% | |
| Return on equity cash flow on the deposit, before tax | −3.0% | |
| Loses money above this interest rate, before tax | 4.71% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 4.71%. That is -3.0% a year on a $296k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area230 m²
- Decade built1990s
- Bedrooms4
- Bathrooms2
- Parking2 car spaces
- Property categoryUse not published
- CouncilHamilton City
- Valuation #4071-2502
- Valuation date1 Sep 2024
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 numberSA64B/379
- Title typeFreeholdGuaranteed
- Estate descriptionFee Simple, 1/1, Lot 1 Deposited Plan South Auckland 81669, 490 m2
- Legal descriptionLot 1 Deposited Plan South Auckland 81669
- Land area490 m²
- Title issued13 Aug 1998
- Land districtSouth Auckland
Registered instruments5 registered instruments on this titleConsent Notice under s221(4)(a) Resource Management Act 1991 · Easement Certificate · Housing Corporation Easement Certificate · Mortgage · Transfer 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 · 8 land use or subdivision consents within 250 m.
Within 250 m
- 13 Mar 2023237 mGranted
- 16 Sep 2021Land use
Residential Activities Construct a dwelling on the site that fails front setback and site coverage
010.2021.00011840.001 · Hamilton City102 mGranted - 13 Sep 2021Land use
Alterations and Additions Alterations and additions to an existing dwelling including a deck, swimming pool, earthworks and retaining wall/fencing within the Waikato Riverbank and Gully Hazard Area
010.2021.00011835.001 · Hamilton City235 mGranted - 27 May 2021237 mGranted
- 27 May 2021Subdivision
CONCURRENT - Fee Simple Residential 6 units associated with duplex development
011.2021.00007569.001 · Hamilton City237 mGranted - 1 Jul 2020Land use
Alterations and Additions to existing dwelling within the Gully Hazard The purpose of this land use consent application is to obtain consent for additions and alterations to the existing dwelling and a reconfiguration of the outdoor area. The site is located within a Gully Hazard Area.
010.2020.00011020.001 · Hamilton City212 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
Nobody is tracking this property yet
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What claiming gets you
1One live recordCouncil valuation, title details and registered interests, kept current rather than gathered again every time you need them.
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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.
The hazard maps could not be read just now.
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 Fairfield
Hamilton City
2,519
Properties on the rating roll
1 Sep 2024
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 Fairfield
People whose office is within 5 km of Fairfield, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Darren AndersonSalesperson
Therese BaileySalesperson
Willem BrownSalesperson
Rebecca BruceBranch Manager
David CashmoreAgent
Douglas DibleySalesperson
Jordan MetcalfeSalesperson
Andrew RickettsSalesperson
Henri ten HoveSalesperson
Luke ten HoveSalesperson
Teri ArdernSalesperson
Anya BlissSalesperson
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
Free for property owners
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