3789 State Highway 4, Ongarue
Ruapehu District
Offers Over $850,000 Plus GST (if any)
- 4
- 1
- 24.8 ha
- Rural
Spend the Summer Here!
Owners want action - The property is well set up for farm life, with a two-bay pole shed and additional shedding ideal for machinery, horse floats, or the boat, plus a double garage providing excellent storage and vehicle space. Equine enthusiasts will also appreciate the inclusion of a dedicated tack room. Set on 24.82 hectares (more or less), this well-balanced farm offers an outstanding opportunity to secure a quality rural property, with clear instructions to present all offers. The low-maintenance brick home features four generous bedrooms and light-filled open plan living, with a very warm and cosy lounge that flows seamlessly onto a large deck. The land offers a versatile mix of rolling to medium contour, well suited for grazing or lifestyle farming. The home has recently been Healthy Homes qualified and is ready to take tenants if required, or live in this dream rural block yourself. All offers above $850,000 will be considered - act quickly, as motivated vendors mean real opportunity.
What is rental yield?
Gross rental yield is a year’s rent as a share of what the property is worth: $605 × 52 weeks = $31,460, against our estimate of $638,000. 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 | $607 | 100% |
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.
Sign in to rate this property, keep private notes on it and record what you think it is worth. Only you see them.
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 3789 State Highway 4
CCB · special
KookminThe lowest rather than the highest is $116 less a fortnight — about $3,012 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$1,121/fn
ICBC4.65%s$1,142/fn
Bank of China4.68%s$1,146/fn
AIA New Zealand4.99%$1,187/fn
ANZ Bank New Zealand4.99%s$1,187/fn
ASB Bank4.99%$1,187/fn
Bank of Baroda4.99%$1,187/fn
Police Credit Union4.99%$1,187/fn
SBS Bank4.99%s$1,187/fn
TSB Bank4.99%s$1,187/fn
Unity Credit Union4.99%s$1,187/fn
Kiwibank5.15%s$1,209/fn
Bank of New Zealand5.19%$1,215/fn
The Co-operative Bank5.19%s$1,215/fn
Westpac New Zealand5.19%s$1,215/fn
First Credit Union5.29%s$1,228/fn- Kookmin Bank Auckland Branch5.35%$1,237/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
3789 State Highway 4 as a rental
| Line | ||
|---|---|---|
| Price Council valuation | ||
| Deposit | ||
| Interest rate 5.01% is today’s 1-year average | ||
| Rent a week our estimate $605 | ||
| Property manager | ||
| Rent, 52 weeks | $31,460 | |
| 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 | $25,894 | |
| Interest $420,000 at 5.01%, interest only | −$21,042 | |
| Cash flow before tax | +$4,852 | |
| Cash flow a week | +$93 | |
| Gross / net yield on the price | 5.2% / 4.3% | |
| Return on equity cash flow on the deposit, before tax | 2.7% | |
| Loses money above this interest rate, before tax | 6.17% | |
The rent covers the interest at rates up to 6.17%. That is 2.7% a year on a $180k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area148 m²
- Land area24.8 ha
- Decade built1970s
- Bedrooms4
- Bathrooms1
- Parking2 car spaces
- Property categoryUse not published
- CouncilRuapehu District
- Valuation #6100-32202
- Valuation date1 Jul 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 numberTNK2/1038
- Title typeFreeholdGuaranteedStandard registered titleMarginal strip rules
- Estate descriptionFee Simple, 1/1, Lot 2 Deposited Plan 19085, 248,153 m2
- Legal descriptionLot 2 Deposited Plan 19085
- Title issued11 Oct 1996
- Land districtTaranaki
Marginal strip rules. Where land borders the sea, a lake or a river at least 3 m wide, a strip about 20 m wide along the water is kept for public access and conservation when the Crown or a state enterprise disposes of it. The note says these rules apply, not that a strip exists: the survey plan shows whether one was set aside, and it is usually outside the title, between the boundary and the water.
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
Building work the council has consented on this property, newest first. 1 consent on record.
- 1 Dec 2023Adds/Alts$30,000 declared
Build an internal wall inside existing gge to create a bathrm & drying room for gge/sleepout
Consent 24990 · Ruapehu District
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.
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.
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 Ongarue
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.
Claim it, then find everything else you own.
A single search across NZ property records finds other titles in your name and in companies you are a director of. Most owners find at least one they had forgotten was held somewhere else.