Finding a picture…
Estimate $613k – $815k
3
16 Richmond Street, Petone
Title boundary · 371 m² · LINZ
Unclaimed
12 Patrick Street, Petone
Lower Hutt · Lower Hutt City
OwnBetter estimate
$715k
Medium confidence
We estimate it would sell for $715,000 as at 5 October 2026, in a range of $612,000 to $814,000.
Typical home in Petone
$753k
The median of our estimates of its 2,256 homes
$612kLow
$715kEstimate
$750kCouncil value
$814kHigh
How we worked this out
| Council valuation, Aug 2025 | $750,000 |
|---|---|
| Market movement in Lower Hutt City since the council valuation | −2.1% |
| How Petone sells against council values | −0.7% |
| Homes of this age in Petone | −1.0% |
| Homes in this price range | +0.4% |
| Nearby recent sales (15) | −1.3% |
| Our estimate | $715,000 |
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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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 12 Patrick Street
Estimated repayments
$1,335
$572,000 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 $138 less a fortnight — about $3,589 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$1,335/fn
ICBC4.65%s$1,361/fn
Bank of China4.68%s$1,365/fn
AIA New Zealand4.99%$1,415/fn
ANZ Bank New Zealand4.99%s$1,415/fn
ASB Bank4.99%$1,415/fn
Bank of Baroda4.99%$1,415/fn
Police Credit Union4.99%$1,415/fn
Unity Credit Union4.99%s$1,415/fn
Kiwibank5.15%s$1,441/fn
Bank of New Zealand5.19%$1,447/fn
SBS Bank5.19%s$1,447/fn
The Co-operative Bank5.19%s$1,447/fn
TSB Bank5.19%s$1,447/fn
Westpac New Zealand5.19%s$1,447/fn
First Credit Union5.29%s$1,464/fn- Kookmin Bank Auckland Branch5.35%$1,473/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 12 Patrick 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
12 Patrick Street as a rental
Rent estimate$645/wk$560–$740 · Little evidence
Gross yield4.7%$33,540 a year on $715k
Net yield3.9%After $5,934 of costs
Cash flow+$47/wk30% deposit, interest only at 5.03%
| Rent, 52 weeks | $33,540 |
|---|---|
| Empty between tenants 2 weeks | −$1,290 |
| Property management 9.2% incl. GST | −$2,967 |
| Maintenance 5% of rent | −$1,677 |
| Council rates this year | Not known |
| Landlord insurance the building | Not known |
| Net income before interest | $27,606 |
| Interest $500,500 at 5.03%, interest only | −$25,175 |
| Cash flow before tax | +$2,431 |
The rent covers the interest at rates up to 5.52%. That is 1.1% a year on a $215k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area95 m²
- Decade built1900s
- Bedrooms3
- Bathrooms1
- Parking1 car space
- Property categoryUse not published
- CouncilLower Hutt City
- Valuation #16570-33100
- 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 numberWN424/36
- Title typeFreehold
- Estate descriptionFee Simple, 1/1, Lot 12 Block VIII Heretaunga Settlement and Defined On Deposited Plan 5172, 372 m2
- Land area371 m²
- Title issued2 Dec 1930
- Land districtWellington
Instruments on this title1 registered instrumentMortgage 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
Ava Station
21 min walk · 1241 m · about every 20 min
HVL
Bus stop
Jessie Street at The Esplanade
3 min walk · 142 m · about every 30 min
8184130
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 · 11 land use or subdivision consents within 250 m.
Within 250 m
- 16 Apr 2025Land use
Construction of a new show home building, with flexibility to be used for commercial or residential purposes.
RM250066 · Hutt City116 mGranted - 15 May 202437 mGranted
- 29 Feb 202457 mGranted
- 10 May 2023Land use
Addition of coffee shop facility, signage and extension of opening hours
RM230109 · Hutt City94 mGranted - 15 Dec 2022Land use
To construct and maintain two cone penetration tests (BQ32/1006 and BQ32/1007) for geotechnical investigation purposes.
38751* · Greater Wellington Regional175 mGranted - 21 Sep 2022168 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
Nobody is tracking this property yet
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.
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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.
What claiming gets you
1One live recordCouncil valuation, title details and registered interests, kept current rather than gathered again every time you need them.
2Your lending in the pictureAdd what you owe, or connect the bank, and the equity and LVR stop being a calculation you redo by hand.
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 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 Petone
Lower Hutt City
3,135
Properties on the rating roll
10 Jun 2026
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 Petone
People whose office is within 5 km of Petone, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Ray White
Ryan BakerSalesperson
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Caleb CorbySalesperson
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Julia DakovaSalesperson
Ray White
Scott DempsterBranch Manager
Ray White
Benjamin de WeverSalesperson
Ray White
Ruby DonnellySalesperson
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Hamish DrummSalesperson
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Linda Goss-WallaceSalesperson
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Shaun HanningSalesperson
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Theodore JonesSalesperson
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Rupert KemeysSalesperson
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Sarah-Kay KilnerSalesperson
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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