$1,675,000 Including GST (if any)
4 2 2
This lifestyle ticks all the boxes
450 Alexandra Road, Manawaru
Bayleys Matamata
Aerial · LINZ aerial
Unclaimed
453 Waghorn Road, Manawaru
Matamata-Piako District
$850,000 Including GST (if any)
- 4
- 1
- 1
- 4,494 m²
- Lifestyle
Huge bang for your buck
Your dollar will stretch way further here than it will in town, and you get to enjoy the bonuses that rural living offers over residential. This roomy 1970's brick home has four double bedrooms, open plan living, a big lounge and an office. It really is the definition of a spacious family home. Sure, it could do with some polishing but it's not essential - this could wait. In the meantime, just move in and chill out.
Being situated part way between Morrinsville and Matamata means you can tick off location along with northerly-aspect and privacy. The space inside is proportionally matched by the 4494sqm (more or less) section which itself is a major draw card in part due to its shape, mature trees, and views.
We expect that buyers will recognise the appeal of this property early on; therefore, we don't recommend adopting the ''wait and see" approach.
Call Peter or Rex today for more information or to book your viewing.
Viewing by appointment.
OwnBetter estimate
$785k
Low confidence
We estimate it would sell for $785,000 as at 5 October 2026, in a range of $627,000 to $970,000.
Typical home in Manawaru
$734k
The median of our estimates of its 84 homes
$627kLow
$760kCouncil value
$785kEstimate
$970kHigh
How we worked this out
| Council valuation, Jul 2024 | $760,000 |
|---|---|
| Market movement in Matamata-Piako District since the council valuation | +2.9% |
| How Manawaru sells against council values | +0.7% |
| Homes of this age in Manawaru | +0.2% |
| Homes in this price range | −0.6% |
| Land as a share of the value | +0.2% |
| Our estimate | $785,000 |
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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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
453 Waghorn Road as a rental
Rent estimate$675/wk$580–$780 · Little evidence
Gross yield4.5%$35,100 a year on $785k
Net yield3.7%After $6,210 of costs
Cash flow−$78/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $675 | ||
| Property manager | ||
| Rent, 52 weeks | $35,100 | |
| 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 | $28,890 | |
| Interest $549,500 at 6.00%, interest only | −$32,970 | |
| Cash flow before tax | −$4,080 | |
| Cash flow a week | −$78 | |
| Gross / net yield on the price | 4.5% / 3.7% | |
| Return on equity cash flow on the deposit, before tax | −1.7% | |
| Loses money above this interest rate, before tax | 5.26% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 5.26%. That is -1.7% a year on a $236k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area221 m²
- Land area4,494 m²
- Decade built1960s
- Bedrooms4
- Parking3 car spaces
- Property categoryUse not published
- CouncilMatamata-Piako District
- Valuation #5314-15512
- Valuation date1 Jul 2024
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 number1064520
- Title typeFreehold
- Legal descriptionLot 2 Deposited Plan 577209
Registered instrumentsChecking the register… See the title summary →
Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.
Getting around
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.
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.
Free. Takes about a minute.
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.
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 Manawaru
Matamata-Piako District
265
Properties on the rating roll
1 Jul 2024
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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The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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