Estimate $500k – $666k
2
33 Gilbert Close, Mahora
Title boundary · 489 m² · LINZ
Unclaimed
2 Gilbert Close, Mahora
Also 22 Tomoana Road and 2 Gilbert CloseHastings · Hastings District
Last sold Jun 2022
OwnBetter estimate
$582k
Medium confidence
We estimate it would sell for $582,000 as at 5 October 2026, in a range of $498,000 to $662,000.
Typical home in Mahora
$658k
The median of our estimates of its 1,495 homes
$498kLow
$580kCouncil value
$582kEstimate
$662kHigh
How we worked this out
| Council valuation, Aug 2025 | $580,000 |
|---|---|
| Market movement in Hastings District since the council valuation | −0.6% |
| Apartments and houses in Hastings District | −0.1% |
| How Mahora sells against council values | +0.5% |
| Homes of this age in Mahora | +0.4% |
| Homes in this price range | +0.4% |
| Land as a share of the value | −0.2% |
| Nearby recent sales (15) | −0.1% |
| Our estimate | $582,000 |
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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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 2 Gilbert Close
Estimated repayments
$1,083
$464,000 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 $112 less a fortnight — about $2,912 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$1,083/fn
ICBC4.65%s$1,104/fn
Bank of China4.68%s$1,108/fn
AIA New Zealand4.99%$1,148/fn
ANZ Bank New Zealand4.99%s$1,148/fn
ASB Bank4.99%$1,148/fn
Bank of Baroda4.99%$1,148/fn
Police Credit Union4.99%$1,148/fn
Unity Credit Union4.99%s$1,148/fn
Kiwibank5.15%s$1,169/fn
Bank of New Zealand5.19%$1,174/fn
SBS Bank5.19%s$1,174/fn
The Co-operative Bank5.19%s$1,174/fn
TSB Bank5.19%s$1,174/fn
Westpac New Zealand5.19%s$1,174/fn
First Credit Union5.29%s$1,187/fn- Kookmin Bank Auckland Branch5.35%$1,195/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 2 Gilbert Close. 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. How much could you borrow? · Mortgage calculator
Investor insights
2 Gilbert Close as a rental
Rent estimate$580/wk$500–$670 · Little evidence
Gross yield5.2%$30,160 a year on $582k
Net yield4.3%After $5,336 of costs
Cash flow+$83/wk30% deposit, interest only at 5.03%
| Rent, 52 weeks | $30,160 |
|---|---|
| Empty between tenants 2 weeks | −$1,160 |
| Property management 9.2% incl. GST | −$2,668 |
| Maintenance 5% of rent | −$1,508 |
| Council rates this year | Not known |
| Landlord insurance the building | Not known |
| Net income before interest | $24,824 |
| Interest $407,400 at 5.03%, interest only | −$20,492 |
| Cash flow before tax | +$4,332 |
The rent covers the interest at rates up to 6.09%. That is 2.5% a year on a $175k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area71 m²
- Decade built2020s
- Bedrooms2
- Bathrooms1
- Property categoryUse not published
- CouncilHastings District
- Valuation #10211-39300
- Valuation date1 Aug 2025
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 number1003070
- Title typeFreehold, with a 1/5 share of common land
- Estate descriptionFee Simple, 1/1, Lot 1 Deposited Plan 563764, 341 m2; Fee Simple, 1/5, Lot 29 Deposited Plan 563764, 147 m2
- Land area341 m²
- Shared land1/5 share of 147 m² common lot · held with 4 other places
- Title issued6 Apr 2022
- Land districtHawkes Bay
- Addresses on this property2
Instruments on this title5 registered instrumentsConsent Notice under s221(4)(a) Resource Management Act 1991 ×2 · Easement Instrument ×2 · Order for New Certificate of Title 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
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Building consents
Building work the council has consented on this property, newest first. 4 consents on record.
- 1 Aug 2021New$2,200,000 declared
8 housing unit comprising of 8 x 3 bdrm houses
Consent 20210817 · Hastings District - 1 Aug 2021New$1,025,000 declared
3 housing units comprising of 3 / 2 bdrm duplex units.
Consent 20210841 · Hastings District - 1 Jul 2021New$1,010,300 declared
8 housing unit comprising of 4x duplex
Consent 20210775 · Hastings District - 1 Mar 2021New$1,100,000 declared
6 housing unit comprising of 2x duplex & 2x standalone houses
Consent 20210008 · Hastings District
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
- 29 Apr 2025Land use
Construct a mail sorting and processing facility with ancillary offices that infringe the maximum gross floor area standard for the General Industrial Zone
RMA20250130 · Hastings District126 mGranted - 27 Mar 2023Land use
Variation of Condition 10 of RMA20200370 to amend landscaping around a 7 lot subdivision in the Hastings General Residential Zone.
RMA20230075 · Hastings District136 mGranted - 27 Apr 2022Land use
Proposed an oversized office activity in the General Industrial Zone
RMA20220177 · Hastings District83 mGranted - 24 Dec 2021Subdivision
Proposed development of 26 Industrial Units in the General Industrial Zone
RMA20210668 · Hastings District126 mGranted - 20 Apr 2017Land use
Proposed Subdivision Creating 1 Additional Lot in the General Residential Zone
RMA20170127.1 · Hastings District179 mGranted - 20 Apr 2017Subdivision
Proposed Subdivision Creating 1 Additional Lot in the General Residential Zone
RMA20170127.2 · Hastings District179 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 Hastings 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.
Hawke's Bay publishes verified sites only; unverified ones are on its register but not mapped. Its hazard portal gives a free property report.
Ask Hawke's Bay Regional 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 Mahora
Hastings District
1,625
Properties on the rating roll
1 Aug 2025
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 Mahora
People whose office is within 5 km of Mahora, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Brenda BennettSalesperson
Hayley CrosseSalesperson
Nigel EdgeSalesperson
Kirsty EdmondsSalesperson
Sarah EverettSalesperson
Michael HeardSalesperson
Michelle JohnsonSalesperson
Dwayne MarshSalesperson
Hardeek PanchalSalesperson
Shelley RakatauSalesperson
Jessica SaundersSalesperson
David ScapensSalesperson
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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