Shared parcel · 39,314 m² · LINZ
Unclaimed

17/80 Formby Street, Outram

Also 11/80 Formby Street

Dunedin City

Last sold Oct 2017

OwnBetter estimate
$812k
Medium confidence

We estimate it would sell for $812,000 as at 5 October 2026, in a range of $729,000 to $924,000.

Typical home in Outram
$794k
The median of our estimates of its 392 homes
How we worked this out
Council valuation, Jun 2025$740,000
Market movement in Dunedin City since the council valuation+3.3%
Apartments and houses in Dunedin City−0.7%
Recent sales in this building+3.8%
Homes of this age in Outram+0.3%
Homes in this price range+0.2%
Land as a share of the value+0.4%
Nearby recent sales (15)+3.7%
Its own sale in 2017−1.4%
Our estimate$812,000

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.

Part of 80 Formby Street · Unit Title One of 20 units on Deposited Plan 306592. The boundary on the map is the whole building's — a unit title sits over the parcel the development shares. See the whole building →
My notes
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What it costs to live here

Home expense estimates

Mortgage: open the section
$3,279a 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.

Home loan

What it would cost to buy 17/80 Formby Street

Every rate from 36 lenders →
Estimated repayments
$1,513
$648,000 at 4.49% 1 year fixed with China Construction Bank, over 30 years
Loan length
1 year fixed today · 17 lenders
Lowest4.49%CCB · special
Average5.03%
Highest5.35%Kookmin

The lowest rather than the highest is $156 less a fortnight — about $4,066 over the 1 year.

All 17 lenders at 1 year fixed
  • China Construction Bank4.49%s$1,513/fn
  • ICBC4.65%s$1,541/fn
  • Bank of China4.68%s$1,547/fn
  • AIA New Zealand4.99%$1,603/fn
  • ANZ Bank New Zealand4.99%s$1,603/fn
  • ASB Bank4.99%$1,603/fn
  • Bank of Baroda4.99%$1,603/fn
  • Police Credit Union4.99%$1,603/fn
  • Unity Credit Union4.99%s$1,603/fn
  • Kiwibank5.15%s$1,632/fn
  • Bank of New Zealand5.19%$1,640/fn
  • SBS Bank5.19%s$1,640/fn
  • The Co-operative Bank5.19%s$1,640/fn
  • TSB Bank5.19%s$1,640/fn
  • Westpac New Zealand5.19%s$1,640/fn
  • First Credit Union5.29%s$1,658/fn
  • Kookmin Bank Auckland Branch5.35%$1,669/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 17/80 Formby Street. Free for you — lenders pay brokers — and nobody sees your name until you choose one.

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

Investor insights

17/80 Formby Street as a rental

Rent estimate$685/wk$590–$790 · Little evidence
Gross yield4.4%$35,620 a year on $812k
Net yield3.6%After $6,302 of costs
Cash flow+$14/wk30% deposit, interest only at 5.03%
Rent, 52 weeks$35,620
Empty between tenants 2 weeks−$1,370
Property management 9.2% incl. GST−$3,151
Maintenance 5% of rent−$1,781
Council rates this yearNot known
Landlord insurance the buildingNot known
Net income before interest$29,318
Interest $568,400 at 5.03%, interest only−$28,591
Cash flow before tax+$727

The rent covers the interest at rates up to 5.16%. That is 0.3% a year on a $244k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area186 m²
  • Decade built2000s
  • Bedrooms4
  • Bathrooms2
  • Parking2 car spaces
  • Property categoryUse not published
  • CouncilDunedin City
  • Valuation #27921-23300-AQ
  • Valuation date1 Jun 2025

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 number25720
  • Title typeUnit Title
  • Estate descriptionStratum in Freehold, 1/1, Unit 17 Deposited Plan 306592
  • Legal descriptionUnit 17 Deposited Plan 306592
  • Title issued21 Feb 2003
  • Land districtOtago
  • Addresses on this property4
Instruments on this title1 registered instrumentEncumbrance 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. 7 on this property · 12 land use or subdivision consents within 250 m.

On this property

  1. 4 Apr 2024
    Subdivision

    Subdivision for units 2, 4, 11 and 13

    SUB-2024-46 · Dunedin City
    Granted
  2. 4 Apr 2024
    Land use

    subdivision of a site subject to the NES-CS; Development (residential activity and buildings) in a Hazard 2 (flood) overlay zone

    LUC-2024-129 · Dunedin City
    Granted
  3. 18 Nov 2020
    Subdivision

    s127 variation of stage 5 of a subdivision

    SUB-2016-128/A · Dunedin City
    Granted
  4. 4 Oct 2017
    Land use

    To disturb a contaminated site for the purpose of remediation of contaminated soils and preparation for residential use

    RM17.288.01 · Otago Regional
    Granted
  5. 26 Jul 2017
    Land use

    land use consent to undertake earthworks to remediate soil contamination of the land being the ‘Willowfield Unit Development’, legally described as UNITS 9 and 11-13

    LUC-2017-366 · Dunedin City
    Granted
  6. 13 Dec 2016
    Land use

    land use consent to undertake earthworks on the site legally described as UNITS 1-4, 9 and 11-13

    LUC-2016-621 · Dunedin City
    Granted
  7. 13 Dec 2016
    Subdivision

    subdivision consent being the subdivision of the land specifically Stage 5 of the ‘Willowfield Unit Development’, legally described as UNITS 1-4, 9 and 11-13

    SUB-2016-128 · Dunedin City
    Granted

Within 250 m

  1. 9 Oct 2023
    Land use

    Veterinary Clinic within a Hazard 2 Flood overlay contravening transport, temporary activity and rural setback performance standards and associated large scale earthworks

    LUC-2023-377 · Dunedin City
    243 mGranted
  2. 9 Oct 2023
    Land use

    Continuation of Residential Activity

    LUC-2024-290 · Dunedin City
    243 mGranted
  3. 9 Oct 2023
    Land use

    Change of Use and Soil Disturbance on a HAIL Site

    LUC-2024-291 · Dunedin City
    243 mGranted
  4. 10 Mar 2022
    Land use

    Land use consent for the purpose of controlling the seepage under the Outram floodbank by constructing a weighting blanket on its landward side

    RM22.103.01 · Otago Regional
    232 mGranted
  5. 2 Nov 2021
    Land use

    to construct a residential unit with attached garage in the Hazard 2 (Flood) overlay

    LUC-2021-628 · Dunedin City
    52 mGranted
  6. 31 Mar 2021
    Land use

    The establishment of a 10.3m x 4.5m garage within setbacks and in a Hazard 2 (flood) overlay mapped area.

    LUC-2021-161 · Dunedin City
    198 mGranted

Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents

Unclaimed
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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.

We do not hold flood maps for Dunedin 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.

Otago Regional Council will say more about a listed site on request; quote its HAIL number.

Ask Otago Regional Council

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 Outram

Dunedin City
461
Properties on the rating roll
1 Jun 2025
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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