Finding a picture…
$1,210,000 CV
4
2/9 Marina Grove, Hutt Central
Shared parcel · 846 m² · LINZ
Unclaimed
54 Queens Grove, Hutt Central
Also 54B Queens GroveLower Hutt · Lower Hutt City
Last sold Oct 2025
Rent estimate · 18 Oct 2026
$730 – $970/week
Most likely about $840 a week · Little evidence: a rough guide
Estimated rental yield
3.6%
What is rental yield?
Gross rental yield is a year’s rent as a share of what the property is worth: $840 × 52 weeks = $43,680, against the council valuation of $1,220,000. 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 | $840 | 100% |
We read this property as a townhouse with 4 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.
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.
Investor insights
54 Queens Grove as a rental
Rent estimate$840/wk$730–$970 · Little evidence
Gross yield3.6%$43,680 a year on $1.22m
Net yield2.9%After $7,728 of costs
Cash flow−$294/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Council valuation | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $840 | ||
| Property manager | ||
| Rent, 52 weeks | $43,680 | |
| 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 | $35,952 | |
| Interest $854,000 at 6.00%, interest only | −$51,240 | |
| Cash flow before tax | −$15,288 | |
| Cash flow a week | −$294 | |
| Gross / net yield on the price | 3.6% / 2.9% | |
| Return on equity cash flow on the deposit, before tax | −4.2% | |
| Loses money above this interest rate, before tax | 4.21% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 4.21%. That is -4.2% a year on a $366k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area240 m²
- Decade built1990s
- Bedrooms4
- Bathrooms3
- Parking2 car spaces
- Property categoryUse not published
- CouncilLower Hutt City
- Valuation #16054-72800-B
- 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 numberWN38C/752
- Title typeCross leaseGuaranteedStandard registered title
- Estate descriptionFee Simple, 1/2, Lot 25 Block VIII Deposited Plan 1425, 845 m2; Leasehold, 1/1, Flat 2 Deposited Plan 68129
- Legal descriptionFlat 2 Deposited Plan 68129; Lot 25 Block VIII Deposited Plan 1425
- Land area846 m²
- Title issued27 Sep 1990
- Land districtWellington
- Addresses on this property2
Registered instruments3 registered instruments on this titleLease ×2 · Mortgage 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
Train station
Waterloo Station
16 min walk · 948 m · about every 15 min
HVLWRL
Bus stop
Cornwall Street at Queens Grove
2 min walk · 120 m · about every 25 min
130150888
Stops: Greater Wellington Regional CouncilWalk times estimated, not routed
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 · 22 land use or subdivision consents within 250 m.
Within 250 m
- 14 May 2025Land use
To construct and maintain two geotechnical bores (BQ32/1295, BQ32/1293) and four Cone Penetration Tests (CPT) (BQ32/1296, BQ32/1292, BQ32/1297, BQ32/1294) for geotechnical investigational purposes.
40437* · Greater Wellington Regional177 mGranted - 29 Jan 2025Land use
To construct and maintain four Cone Penetration Test holes (BQ32/1266, BQ32/1267, BQ32/1268, BQ32/1269) for geotechnical investigation purposes
40161* · Greater Wellington Regional236 mGranted - 18 Dec 2024Land use and subdivision
Four unit multi unit development and associated subdivision
RM240363 · Hutt City200 mGranted - 4 Jun 2024Land use and subdivision
6 lot subdivision and construction of 6 residential units, with associated earthworks.
RM240138 · Hutt City236 mGranted - 25 Oct 2023218 mGranted
- 20 Jun 2022Land use
Residential additions and alterations which breach the recession plane envelope.
RM220195 · Hutt City250 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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3Providers compete for itPut the mortgage, the insurance and the power out to people who want the business — on your terms, when you ask.
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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 Lower Hutt City 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.
Greater Wellington will send the file on a listed site on request; quote the site number.
Ask Greater Wellington 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 Hutt Central
Lower Hutt City
1,927
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. OwnBetter has no estimate for this property. Every council figure on this page can be checked against the council's own record.
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People whose office is within 5 km of Hutt Central, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
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