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Unclaimed

7 Teece Drive, Motueka

Tasman District

$869,000

  • 4
  • 2
  • 6
  • 781 m²
  • House

Teece Drive opportunity worth catching

Opportunities in this popular pocket of Motueka don't come along every day, and 7 Teece Drive offers plenty to appeal to buyers looking for space, practicality, and a great location.

Set on an established 781sqm section, this well-kept home offers four bedrooms and two bathrooms, providing flexibility for family life, guests or working from home, with one bedroom currently utilised as an office.

The open-plan living area connects easily with the outdoors, while mature grounds create a private and settled environment. Wilson Park is just through the walkway, with Motueka Golf Course also within walking distance or a quick drive, adding to the lifestyle appeal of this established location.

A real standout is the garaging. Alongside the double internal-access garage, a separate 7m x 5m garage provides valuable additional space. With room to accommodate a boat, vehicles, workshop or hobbies, this is a feature that will have genuine appeal for buyers who can never quite have enough garage space.

With properties in this established neighbourhood often tightly held, 7 Teece Drive presents an opportunity to secure a home offering that desirable combination of space, excellent garaging and location.

If Teece Drive is on your radar, this is an opportunity worth catching.

Deadline closing (unless sold prior) 2pm, Fri 23 Oct 2026 208 High Street, Motueka

Open homes 1

Sun, 8 Nov11:00 am – 11:30 am
.ics
OwnBetter estimate
$827k
Medium confidence

We estimate it would sell for $827,000 as at 5 October 2026, in a range of $707,000 to $941,000.

Typical home in Motueka
$682k
The median of our estimates of its 3,139 homes
How we worked this out
Council valuation, Sept 2023$810,000
Market movement in Tasman District since the council valuation+2.0%
How Motueka sells against council values+1.7%
Homes of this age in Motueka+0.5%
Homes in this price range−0.2%
Land as a share of the value−0.3%
Nearby recent sales (15)−1.6%
Our estimate$827,000

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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What it costs to live here

Home expense estimates

—a 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.

Investor insights

7 Teece Drive as a rental

Rent estimate$690/wk$600–$800 · Little evidence
Gross yield4.3%$35,880 a year on $827k
Net yield3.6%After $6,348 of costs
Cash flow−$100/wk30% deposit, interest only at 6.00%
Line
Price Our estimate
Deposit
Interest rate
Rent a week our estimate $690
Property manager
Rent, 52 weeks$35,880
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$29,532
Interest $578,900 at 6.00%, interest only−$34,734
Cash flow before tax−$5,202
Cash flow a week−$100
Gross / net yield on the price4.3% / 3.6%
Return on equity cash flow on the deposit, before tax−2.1%
Loses money above this interest rate, before tax5.10%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 5.10%. That is -2.1% a year on a $248k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area180 m²
  • Land area781 m²
  • Decade built1990s
  • Bedrooms4
  • Bathrooms2
  • Parking4 car spaces
  • Property categoryUse not published
  • CouncilTasman District
  • Valuation #19550-340
  • 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 numberNL4C/340
  • Title typeFreehold
  • Legal descriptionLot 38 Deposited Plan 9043
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

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Building consents

We hold no building consents for this property yet. The council may hold records we have not seen.

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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.

Reading the council's maps…

What could you build here?

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About Motueka

Tasman District
3,877
Properties on the rating roll
1 Sep 2023
Last council revaluation
Buyer demand

5 people looked at properties in Motueka this week.

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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