Estimate $591k – $786k
3
3 Laery Street, Melling
Title boundary · 759 m² · LINZ
UnclaimedPublic land · Wellington Regional Council
68 Marsden Street, Melling
Lower Hutt · Lower Hutt City
Last sold May 2019
What you’ll love about this place
- About 50 m from a river
From LINZ's topographic maps: how near the land comes to the water's edge.
Rent estimate · 15 Oct 2026
$570 – $750/week
Most likely about $655 a week · Little evidence: a rough guide
Estimated rental yield
4.6%
What is rental yield?
Gross rental yield is a year’s rent as a share of what the property is worth: $655 × 52 weeks = $34,060, against the council valuation of $740,000. 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 | $654 | 100% |
We read this property as a house 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.
My notes
Sign in to keep private notes on this property and record what you think it is worth.
Thinking of buying?Free pre-purchase running cost report Mortgage repayments, this year’s council rates, and estimates for insurance, electricity, gas and internet at this address — saved to your watchlist.
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 68 Marsden Street
Estimated repayments
$1,382
$592,000 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 $143 less a fortnight — about $3,715 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$1,382/fn
ICBC4.65%s$1,408/fn
Bank of China4.68%s$1,413/fn
AIA New Zealand4.99%$1,464/fn
ANZ Bank New Zealand4.99%s$1,464/fn
ASB Bank4.99%$1,464/fn
Bank of Baroda4.99%$1,464/fn
Police Credit Union4.99%$1,464/fn
Unity Credit Union4.99%s$1,464/fn
Kiwibank5.15%s$1,491/fn
Bank of New Zealand5.19%$1,498/fn
SBS Bank5.19%s$1,498/fn
The Co-operative Bank5.19%s$1,498/fn
TSB Bank5.19%s$1,498/fn
Westpac New Zealand5.19%s$1,498/fn
First Credit Union5.29%s$1,515/fn- Kookmin Bank Auckland Branch5.35%$1,525/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 68 Marsden Street. 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
68 Marsden Street as a rental
Rent estimate$655/wk$570–$750 · Little evidence
Gross yield4.6%$34,060 a year on $740k
Net yield3.8%After $6,026 of costs
Cash flow+$38/wk30% deposit, interest only at 5.03%
| Rent, 52 weeks | $34,060 |
|---|---|
| Empty between tenants 2 weeks | −$1,310 |
| Property management 9.2% incl. GST | −$3,013 |
| Maintenance 5% of rent | −$1,703 |
| Council rates this year | Not known |
| Landlord insurance the building | Not known |
| Net income before interest | $28,034 |
| Interest $518,000 at 5.03%, interest only | −$26,055 |
| Cash flow before tax | +$1,979 |
The rent covers the interest at rates up to 5.41%. That is 0.9% a year on a $222k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area120 m²
- Decade built1910s
- Bedrooms3
- Bathrooms1
- Property categoryUse not published
- CouncilLower Hutt City
- Valuation #16091-5100
- Valuation date1 Sep 2022
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 numberWN802/81
- Title typeFreehold
- Registered ownerWellington Regional Council
- Public landHeld by a council
- Estate descriptionFee Simple, 1/1, Lot 27A and Lot 28 Deposited Plan 2153, 759 m2
- Land area759 m²
- Title issued23 Jul 1958
- Land districtWellington
Instruments on this title0 registered instruments 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
Western Hutt Station
13 min walk · 738 m · about every 40 min
MEL
Bus stop
Bridge Street at Normandale Road
5 min walk · 297 m · about hourly
150
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 · 6 land use or subdivision consents within 250 m.
Within 250 m
- 26 Jul 2021Land use
Construction and operation of a child care facility for up to 80 children
RM210399 · Hutt City101 mGranted - 18 Aug 2020139 mGranted
- 17 Oct 2019Land use
Two lot subdivision including the relocation of the existing dwelling and construction of an additional dwelling.
RM190359 · Hutt City174 mGranted - 17 Oct 2019Subdivision
Two lot subdivision including the relocation of the existing dwelling and construction of an additional dwelling.
RM190359Sub · Hutt City174 mGranted - 23 Mar 2017134 mGranted
- 10 Aug 2016191 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
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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.
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.
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 how big a house this section takes at one, two and three storeys, inside the zone’s yards and height rules. Then ask builders to price the shape you pick.
About Melling
Lower Hutt City
250
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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Agents active in Melling
People whose office is within 5 km of Melling, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Theresa BakerSalesperson
Maria BebeklisSalesperson
Clayton MasinaSalesperson
Wenjie MiaoSalesperson
Lisa Reedy-JenningsSalesperson
Kylie RooneyBranch Manager
Alisha-Marie RoyalSalesperson
Jessica SetuSalesperson
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Nooroa TaramaiSalesperson
Ivan Wong KeeAgent
Independent
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