362 Oxford Street, Levin
Horowhenua District
Offers Over $500,000 Plus GST (if any)
- 152m²
- 1,012 m²
- Commercial sale
Prime freehold commercial investment
362 Oxford Street, Levin, Horowhenua
A rare opportunity to secure a freehold commercial property in a high-profile location on Oxford Street (State Highway 1), Levin’s main arterial route. Sitting proudly on a generous 1,012m² section, this well-maintained Art Deco building has been recently renovated and repainted, presenting strongly to both passing traffic and tenants alike.
Currently tenanted, the property provides an immediate income stream, while the size and zoning of the land deliver significant future development potential for astute investors and developers.
Features: •Land: 1,012m² freehold title •Building: 152m2 character Art Deco, with separate double garage •Tenancy: Currently leased, providing holding income •Frontage: Prime exposure to SH1 with high daily traffic flow •Upside: Substantial redevelopment options, with scale rarely available in Levin’s commercial precinct
Levin is poised for significant growth, underpinned by the O2NL expressway now under construction, enhancing connectivity to Palmerston North and Wellington. With its central location, expanding population base, and rare large section, this is a standout opportunity for investors or developers seeking both present returns and long-term upside.
Don’t miss this rare opportunity – enquire today for further details.
We estimate it would sell for $478,000 as at 5 October 2026, in a range of $429,000 to $544,000.
How we worked this out
| Council valuation, Aug 2025 | $530,000 |
|---|---|
| Market movement in Horowhenua District since the council valuation | −3.6% |
| How Levin sells against council values | −0.3% |
| Homes of this age in Levin | −1.4% |
| Homes in this price range | +0.2% |
| Land as a share of the value | +1.4% |
| Nearby recent sales (15) | +0.8% |
| Its own sale in 2019 | −7.0% |
| Our estimate | $478,000 |
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.
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.
362 Oxford Street as a rental
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $525 | ||
| Property manager | ||
| Rent, 52 weeks | $27,300 | |
| 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 | $22,470 | |
| Interest $334,600 at 6.00%, interest only | −$20,076 | |
| Cash flow before tax | +$2,394 | |
| Cash flow a week | +$46 | |
| Gross / net yield on the price | 5.7% / 4.7% | |
| Return on equity cash flow on the deposit, before tax | 1.7% | |
| Loses money above this interest rate, before tax | 6.72% | |
The rent covers the interest at rates up to 6.72%. That is 1.7% a year on a $143k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area152 m²
- Land area1,012 m²
- Decade built1930s
- Bedrooms3
- Bathrooms1
- Parking4 car spaces
- Property categoryUse not published
- CouncilHorowhenua District
- Valuation #15020-88900
- 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 numberWN461/252
- Title typeFreehold
- Legal descriptionLot 58 Deposited Plan 1319
Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.
Another agency selling this property too, or is it for rent? Import that listing and it shows beside this one.
Building consents
We hold no building consents for this property yet. The council may hold records we have not seen.
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.
Reading the council's maps…
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 Levin
12 people looked at properties in Levin this week.
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.