Auction
5 2 2
Auction Thu, 26 Nov
Your peaceful haven awaits
128 Tutaenui Road, Marton
Property Brokers
Aerial · LINZ aerial
Unclaimed
81B Mill Street, Marton
Rangitikei District
Offers Over $490,000
- 4
- 1
- 1
- 154m²
- 1,563 m²
- House
Space, privacy & sunshine
Tucked away on a private rear section, 81B Mill Street offers space and flexibility for families or investors alike.
Featuring four bedrooms, two living areas and a spacious kitchen and dining area, there’s plenty of room to spread out. The west-facing living spaces capture the afternoon sun and open onto a private deck, while the generous 1,563m² section provides room for children, gardening and outdoor enjoyment.
A large garage, ample off-street parking and a handy location close to schools, shops and local amenities complete the picture.
-Generous 1,563m2 section with a private, tucked-away setting -Four bedrooms and two living areas -Low-maintenance home with a practical, spacious layout -Large garage, ample off-street parking and concrete driveway -Sunny living areas flowing out to a private deck -Handy to schools, supermarkets and Marton’s local shops and cafés
With plenty to offer, this is a property well worth a closer look!
OwnBetter estimate
$485k
Medium confidence
We estimate it would sell for $485,000 as at 5 October 2026, in a range of $435,000 to $552,000.
Typical home in Marton
$412k
The median of our estimates of its 2,573 homes
$435kLow
$465kCouncil value
$485kEstimate
$552kHigh
How we worked this out
| Council valuation, Aug 2023 | $465,000 |
|---|---|
| Market movement in Rangitikei District since the council valuation | −1.6% |
| Apartments and houses in Rangitikei District | −0.3% |
| How Marton sells against council values | +4.1% |
| Homes of this age in Marton | +1.9% |
| Homes in this price range | −3.2% |
| Land as a share of the value | +0.6% |
| Nearby recent sales (15) | +0.7% |
| Its own sale in 2019 | +2.2% |
| Our estimate | $485,000 |
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 and its own last sale 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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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
81B Mill Street as a rental
Rent estimate$530/wk$460–$610 · Little evidence
Gross yield5.7%$27,560 a year on $485k
Net yield4.7%After $4,876 of costs
Cash flow+$45/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $530 | ||
| Property manager | ||
| Rent, 52 weeks | $27,560 | |
| 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 | $22,684 | |
| Interest $339,500 at 6.00%, interest only | −$20,370 | |
| Cash flow before tax | +$2,314 | |
| Cash flow a week | +$45 | |
| Gross / net yield on the price | 5.7% / 4.7% | |
| Return on equity cash flow on the deposit, before tax | 1.6% | |
| Loses money above this interest rate, before tax | 6.68% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 6.68%. That is 1.6% a year on a $146k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area154 m²
- Land area1,563 m²
- Decade built1970s
- Bedrooms4
- Bathrooms1
- Parking2 car spaces
- Property categoryUse not published
- CouncilRangitikei District
- Valuation #13620-1512
- Valuation date1 Aug 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 numberWN8D/963
- Title typeFreehold
- Legal descriptionLot 15 Deposited Plan 31830
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 Marton
Rangitikei District
3,409
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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The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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