5 Knorp Street, Ōtāne
Central Hawke's Bay District
Offers Over $530,000
- 2
- 1
- 1
- 454 m²
- House
- 1 Garage
Character, Comfort and Easy Living
Moved onto site in 2017, this charming period home combines timeless character with modern peace of mind. Upgrades in 2017 included new piles, plumbing, wiring, an updated kitchen and bathroom, alongside double glazing throughout most of the home.
The lounge, separate to the kitchen/dining, is spacious and includes a wood fire plus heat pump. There are two large double bedrooms and a sunroom which could be used as a dedicated home office, hobby space, or quiet reading nook. Outside, the decks on two sides of this home offer sheltered spots to relax. A concrete driveway leads to an extra-long single garage with room for your workshop.
The fully fenced 424 sqm section features lovely gardens and a small lawn, meaning you won't be spending your entire weekend doing outdoor maintenance.
Located in a welcoming Hawke's Bay community, you're within easy walking distance of local amenities, including the park, tennis courts, playground, Otane Hotel, local dairy, Otane Primary School, cafe, Arts and Crafts Corner, and community hall. Short drive to Waipawa or Waipukurau and within commuting distance of Hastings and Napier.
Whether you're a first-home buyer or downsizer, this property is an ideal entry point into Otane.
• Two large double bedrooms • One bathroom • Versatile sunroom • Extra-long single garage with workshop space • Fully fenced, easy-care 424 sqm section • Walk to local Otane amenities
We estimate it would sell for $528,000 as at 5 October 2026, in a range of $474,000 to $600,000.
How we worked this out
| Council valuation, Sept 2024 | $560,000 |
|---|---|
| Market movement in Central Hawke's Bay District since the council valuation | −1.9% |
| Apartments and houses in Central Hawke's Bay District | −0.1% |
| How Ōtāne sells against council values | −0.3% |
| Homes of this age in Ōtāne | −1.7% |
| Homes in this price range | +0.7% |
| Land as a share of the value | −0.3% |
| Nearby recent sales (15) | −2.3% |
| Our estimate | $528,000 |
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.
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.
5 Knorp Street as a rental
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $550 | ||
| Property manager | ||
| Rent, 52 weeks | $28,600 | |
| 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 | $23,540 | |
| Interest $369,600 at 6.00%, interest only | −$22,176 | |
| Cash flow before tax | +$1,364 | |
| Cash flow a week | +$26 | |
| Gross / net yield on the price | 5.4% / 4.5% | |
| Return on equity cash flow on the deposit, before tax | 0.9% | |
| Loses money above this interest rate, before tax | 6.37% | |
The rent covers the interest at rates up to 6.37%. That is 0.9% a year on a $158k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area99 m²
- Land area454 m²
- Decade built1910s
- Bedrooms2
- Bathrooms1
- Parking1 car space
- Property categoryUse not published
- CouncilCentral Hawke's Bay District
- Valuation #10930-5300
- Valuation date1 Sep 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 number786009
- Title typeFreehold
- Legal descriptionLot 1 Deposited Plan 511681
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.
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.
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 Ōtāne
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.
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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.