Title boundary · 16,536 m² · LINZ
Unclaimed

45 Korepo Road, Ruby Bay

Also 45A Korepo Road

Māpua · Tasman District

Last sold Nov 1998

Rent estimate · 17 Oct 2026
$970 – $1,280/week
Most likely about $1,115 a week · Little evidence: a rough guide
Estimated rental yield
2.6%
What is rental yield?

Gross rental yield is a year’s rent as a share of what the property is worth: $1,115 × 52 weeks = $57,980, against the council valuation of $2,250,000. It is before rates, insurance, maintenance, management and vacancies, so what an owner keeps (the net yield) is lower.

How we worked this out
EvidencePoints toCounted
From its value what rentals in the area typically yield$1,114100%

We read this property as a house 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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What it costs to live here

Home expense estimates

Mortgage: open the section
$9,110a month, all in

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

What it would cost to buy 45 Korepo Road

Every rate from 36 lenders →
Estimated repayments
$4,202
$1,800,000 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
Average5.03%
Highest5.35%Kookmin

The lowest rather than the highest is $434 less a fortnight — about $11,295 over the 1 year.

All 17 lenders at 1 year fixed
  • China Construction Bank4.49%s$4,202/fn
  • ICBC4.65%s$4,282/fn
  • Bank of China4.68%s$4,297/fn
  • AIA New Zealand4.99%$4,453/fn
  • ANZ Bank New Zealand4.99%s$4,453/fn
  • ASB Bank4.99%$4,453/fn
  • Bank of Baroda4.99%$4,453/fn
  • Police Credit Union4.99%$4,453/fn
  • Unity Credit Union4.99%s$4,453/fn
  • Kiwibank5.15%s$4,534/fn
  • Bank of New Zealand5.19%$4,555/fn
  • SBS Bank5.19%s$4,555/fn
  • The Co-operative Bank5.19%s$4,555/fn
  • TSB Bank5.19%s$4,555/fn
  • Westpac New Zealand5.19%s$4,555/fn
  • First Credit Union5.29%s$4,606/fn
  • Kookmin Bank Auckland Branch5.35%$4,637/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 45 Korepo Road. 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

45 Korepo Road as a rental

Rent estimate$1,115/wk$970–$1,280 · Little evidence
Gross yield2.6%$57,980 a year on $2.25m
Net yield2.1%After $10,258 of costs
Cash flow−$606/wk30% deposit, interest only at 5.03%
Line
Price Council valuation
Deposit
Interest rate 5.03% is today’s 1-year average
Rent a week our estimate $1,115
Property manager
Rent, 52 weeks$57,980
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$47,722
Interest $1,575,000 at 5.03%, interest only−$79,223
Cash flow before tax−$31,501
Cash flow a week−$606
Gross / net yield on the price2.6% / 2.1%
Return on equity cash flow on the deposit, before tax−4.7%
Loses money above this interest rate, before tax3.03%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 3.03%. That is -4.7% a year on a $675k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area220 m²
  • Decade built1970s
  • Bedrooms4
  • Bathrooms2
  • Parking2 car spaces
  • Property categoryUse not published
  • CouncilTasman District
  • Valuation #19380-7200
  • Council Property ReportView the council’s report
  • Valuation date1 Sep 2023

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 number59162
  • Title typeFreehold
  • Estate descriptionFee Simple, 1/1, Lot 2 Deposited Plan 314978, 16,542 m2
  • Legal descriptionLot 2 Deposited Plan 314978
  • Land area16,536 m²
  • Title issued27 May 2004
  • Land districtNelson
  • Addresses on this property2
Registered instruments7 registered instruments on this titleCovenant (All types except Land covenants) ×2 · Easement Instrument ×2 · Easement Certificate · Transfer and Grant of Easement · Variation of Covenant 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

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

Building work the council has consented on this property, newest first. 1 consent on record.

  1. 1 May 2024
    New$580,000 declared

    Construct new second dwg with internal access gge

    Consent 24/0190 · Tasman District

Resource consents

What the council has been asked to allow under the Resource Management Act. None on this property · 13 land use or subdivision consents within 250 m.

Within 250 m

  1. 8 Aug 2024
    Land use

    Land use consent for an extension to a dwelling in the Coastal Risk Area and Closed Residential Zone.

    240535 · Tasman District
    190 mGranted
  2. 14 May 2024
    Land use

    Change of condition 1 of RM210371 to amend the building plans to include a carport attached to the garage in the Residential Zone (Closed), Coastal Environment Area and Coastal Risk Area

    210371V1 · Tasman District
    190 mGranted
  3. 18 Mar 2024
    Land use

    Land use consent to construct a second dwelling in the Zone.

    240150 · Tasman District
    43 mGranted
  4. 22 Mar 2023
    Subdivision

    Subdivision of Record of Title NL5D/500 in the Rural Residential (Mapua) Zone to create: - Lot 1 of 1.47 ha – containing two existing dwellings. - Lot 2 of 4,536m2- with identified building location area - Lot 3 of 6,364m2- with identified building location area - Lot 4 of 6,029m2- with identified building location area This consent authorises the creation of a right of way that does not comply with the relevant standards as it will not have bays every 50 metres.

    230164 · Tasman District
    241 mGranted
  5. 22 Mar 2023
    Land use

    Earthworks associated with the disturbance and removal of soil classified as contaminated under the Resource Management (National Environmental Standard for Assessing and Managing Contaminants in Soil to Protect Human Health) Regulations 2011 and earthworks within 10 metres of a waterway.

    230168 · Tasman District
    241 mGranted
  6. 22 Mar 2023
    Land use

    Land use consent to establish a building location area to construct one (generic) dwelling and one (generic) sleepout on each of the new allotments being Lot 2, Lot 3 and Lot 4 of subdivision consent RM230164 in the Coastal Environment Area

    230165 · Tasman District
    241 mGranted

Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents

Unclaimed
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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 Tasman District 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.

We show Tasman's historic pesticide sites. The rest of its register is not yet published; the LIM, or the council's duty planner, will say what it holds.

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 Ruby Bay

Tasman District
399
Properties on the rating roll
1 Sep 2023
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 Ruby Bay

People whose office is within 5 km of Ruby Bay, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.

Independent
Martina BoorSalesperson
Arrow Realty MapuaOffice 1.3 km awayView profile →
Independent
Giovana MiltonSalesperson
Arrow Realty MapuaOffice 1.3 km awayView profile →
Independent
Terence MiltonSalesperson
Arrow Realty MapuaOffice 1.3 km awayView profile →
Who sold the most in Ruby Bay →
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