Finding a picture…
Estimate $370k – $469k
2
2/19 Higgins Street, Marewa
2 title boundaries · 2,238 m² · LINZ
Unclaimed
4A Russell Road, Marewa
Also 1/4A Russell RoadNapier · Napier City
Last sold Feb 2021
OwnBetter estimate
$333k
Medium confidence
We estimate it would sell for $333,000 as at 5 October 2026, in a range of $299,000 to $379,000.
Typical home in Marewa
$565k
The median of our estimates of its 1,685 homes
$299kLow
$315kCouncil value
$333kEstimate
$379kHigh
How we worked this out
| Council valuation, Oct 2023 | $315,000 |
|---|---|
| Market movement in Napier City since the council valuation | −0.1% |
| Apartments and houses in Napier City | −0.6% |
| How Marewa sells against council values | +1.2% |
| Homes of this age in Marewa | +0.4% |
| Homes in this price range | −1.7% |
| Land as a share of the value | +1.8% |
| Nearby recent sales (15) | −0.3% |
| Its own sale in 2021 | +5.2% |
| Our estimate | $333,000 |
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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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
4A Russell Road as a rental
Rent estimate$425/wk$370–$490 · Little evidence
Gross yield6.6%$22,100 a year on $333k
Net yield5.5%After $3,910 of costs
Cash flow+$81/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $425 | ||
| Property manager | ||
| Rent, 52 weeks | $22,100 | |
| 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 | $18,190 | |
| Interest $233,100 at 6.00%, interest only | −$13,986 | |
| Cash flow before tax | +$4,204 | |
| Cash flow a week | +$81 | |
| Gross / net yield on the price | 6.6% / 5.5% | |
| Return on equity cash flow on the deposit, before tax | 4.2% | |
| Loses money above this interest rate, before tax | 7.80% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 7.80%. That is 4.2% a year on a $100k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area70 m²
- Decade built1960s
- Bedrooms2
- Bathrooms1
- Parking1 car space
- Property categoryUse not published
- CouncilNapier City
- Valuation #9930-6900-B
- Valuation date1 Oct 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 numbersHBC4/654, HBC4/656
- Title typeFreehold, plus a leasehold titleGuaranteedStandard registered title
- Estate descriptionFee Simple, 1/3, Lot 2 Deposited Plan 10129, 1,118 m2
- Legal descriptionFlat 2 Deposited Plan 11959 and Carport Deposited Plan 11959; Lot 2 Deposited Plan 10129
- Shared land1/3 share of 1,118 m² common lot · held with 3 other places
- Title issued26 Mar 1969
- Land districtHawkes Bay
- Addresses on this property3
Registered instruments4 registered instruments on these titlesLease ×3 · Housing Corporation Easement Certificate 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
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 · 7 land use or subdivision consents within 250 m.
Within 250 m
- 3 Mar 2023119 mGranted
- 27 Jan 2022194 mGranted
- 20 May 2021136 mGranted
- 30 Mar 2021215 mGranted
- 9 Feb 2018Land use
Construction of a two-bedroom supplementary unit within the Main Residential zone
180030 · Napier City167 mGranted - 14 Jun 2017Land use
Construct a fence exceeding 1.2m height limit within the Marewa State Housing Character zone
170078 · Napier City156 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
Nobody is tracking this property yet
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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 Napier 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.
Hawke's Bay publishes verified sites only; unverified ones are on its register but not mapped. Its hazard portal gives a free property report.
Ask Hawke's Bay 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 Marewa
Napier City
2,146
Properties on the rating roll
1 Oct 2023
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 Marewa
People whose office is within 5 km of Marewa, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Ray White
Tracey CampbellSalesperson
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Tina ChamberlainAgent
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Chanel De VrijeSalesperson
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Kerry FormanSalesperson
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Georgina GauntSalesperson
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Jesse HarrisonSalesperson
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Jodi HusseySalesperson
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John KnightSalesperson
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Samuel MacDonaldAgent
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Diane MartinSalesperson
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Lawrence MartisAgent
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Sandra MartisSalesperson
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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