20 Tohora Crescent, Ōmaha
Omaha · Auckland
Deadline Sale
- 3
- 2
- 2
- 771 m²
- House
Motivated Omaha owners on the move - snap me up
As other plans beckon, our owners are on the move. This South Omaha single level home is oh so close to the beach. Positioned in a quiet crescent with the beach access right opposite your driveway safety and convenience is sorted. Truly embracing the golden rule of real estate: location, location, location.
Tucked behind established landscaping the home is both private and with the fully fenced rear section, is a safe haven for children and pets. The oversized double garage includes a bunk room, workshop and laundry, with a second roller door at the rear - ideal for easily storing or accessing a boat, trailer, or caravan. With generous land size and site coverage available, there's excellent potential to add golf cart storage, more floor area or other improvements.
North facing sunny master with a walk-in robe and ensuite, while the two additional bedrooms share a family bathroom complete with a separate toilet. The carpeted garage doubles as the bunkroom.
The current owners have enjoyed this as their permanent home, taking full advantage of the expansive open-plan living, kitchen, scullery and dining areas. A second flexible living space flows seamlessly to a private courtyard and spa pool - perfect for entertaining family and friends.
Recent updates including refreshed flooring (engineered oak), new lighting, carpet and general repairs and maintenance mean the hard work is done.
Key Features: • Three bedrooms, two bathrooms (including master ensuite) • Approximately 200sqm single-level home on 771sqm freehold land • Large double internal-access garage/bunkroom/workshop with rear roller door • Large open-plan living plus second flexible lounge/dining space • Low-maintenance beach garden with fully fenced rear section • Private covered courtyard with spa pool • Handy beach access via the walkway opposite • Capital Value: $2,525,000
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 our estimate of $2,430,000. It is before rates, insurance, maintenance, management and vacancies, so what an owner keeps (the net yield) is lower.
How we worked this out
| Evidence | Points to | Counted |
|---|---|---|
| From its value what rentals in the area typically yield | $1,114 | 100% |
We read this property as a house with 3 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.
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Home 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.
What it would cost to buy 20 Tohora Crescent
CCB · special
KookminThe lowest rather than the highest is $488 less a fortnight — about $12,676 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$4,716/fn
ICBC4.65%s$4,805/fn
Bank of China4.68%s$4,822/fn
AIA New Zealand4.99%$4,997/fn
ANZ Bank New Zealand4.99%s$4,997/fn
ASB Bank4.99%$4,997/fn
Bank of Baroda4.99%$4,997/fn
Police Credit Union4.99%$4,997/fn
SBS Bank4.99%s$4,997/fn
TSB Bank4.99%s$4,997/fn
Unity Credit Union4.99%s$4,997/fn
Kiwibank5.15%s$5,088/fn
Bank of New Zealand5.19%$5,111/fn
The Co-operative Bank5.19%s$5,111/fn
Westpac New Zealand5.19%s$5,111/fn
First Credit Union5.29%s$5,169/fn- Kookmin Bank Auckland Branch5.35%$5,204/fn
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
20 Tohora Crescent as a rental
| Line | ||
|---|---|---|
| Price Council valuation | ||
| Deposit | ||
| Interest rate 5.01% 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 $1,767,500 at 5.01%, interest only | −$88,552 | |
| Cash flow before tax | −$40,830 | |
| Cash flow a week | −$785 | |
| Gross / net yield on the price | 2.3% / 1.9% | |
| Return on equity cash flow on the deposit, before tax | −5.4% | |
| Loses money above this interest rate, before tax | 2.70% | |
The rent covers the interest at rates up to 2.70%. That is -5.4% a year on a $758k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area190 m²
- Land area771 m²
- Decade built2000s
- Bedrooms3
- Bathrooms2
- Parking2 car spaces
- Property categoryUse not published
- CouncilAuckland
- Valuation #00907-00000041500
- Valuation date1 May 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 numberNA137C/197
- Title typeFreeholdGuaranteedStandard registered title
- Estate descriptionFee Simple, 1/1, Lot 178 Deposited Plan 209633, 771 m2
- Legal descriptionLot 178 Deposited Plan 209633
- Title issued12 Feb 2002
- Land districtNorth Auckland
Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.
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.
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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.
The hazard maps could not be read just now.
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 Ōmaha
9 people looked at properties in Ōmaha this week.
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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