30 Greig Street, Pleasant Point
Timaru District
Last sold Nov 1993
What is rental yield?
Gross rental yield is a year’s rent as a share of what the property is worth: $825 × 52 weeks = $42,900, against our estimate of $1,170,000. 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 | $823 | 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 30 Greig Street
CCB · special
KookminThe lowest rather than the highest is $220 less a fortnight — about $5,723 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$2,129/fn
ICBC4.65%s$2,169/fn
Bank of China4.68%s$2,177/fn
AIA New Zealand4.99%$2,256/fn
ANZ Bank New Zealand4.99%s$2,256/fn
ASB Bank4.99%$2,256/fn
Bank of Baroda4.99%$2,256/fn
Police Credit Union4.99%$2,256/fn
SBS Bank4.99%s$2,256/fn
TSB Bank4.99%s$2,256/fn
Unity Credit Union4.99%s$2,256/fn
Kiwibank5.15%s$2,297/fn
Bank of New Zealand5.19%$2,308/fn
The Co-operative Bank5.19%s$2,308/fn
Westpac New Zealand5.19%s$2,308/fn
First Credit Union5.29%s$2,334/fn- Kookmin Bank Auckland Branch5.35%$2,349/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
30 Greig Street as a rental
| Line | ||
|---|---|---|
| Price Council valuation | ||
| Deposit | ||
| Interest rate 5.01% is today’s 1-year average | ||
| Rent a week our estimate $825 | ||
| Property manager | ||
| Rent, 52 weeks | $42,900 | |
| 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 | $35,310 | |
| Interest $798,000 at 5.01%, interest only | −$39,980 | |
| Cash flow before tax | −$4,670 | |
| Cash flow a week | −$90 | |
| Gross / net yield on the price | 3.8% / 3.1% | |
| Return on equity cash flow on the deposit, before tax | −1.4% | |
| Loses money above this interest rate, before tax | 4.42% | |
The rent covers the interest at rates up to 4.42%. That is -1.4% a year on a $342k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area240 m²
- Land area18,818 m²
- Decade built1980s
- Bedrooms4
- Bathrooms2
- Parking2 car spaces
- Property categoryUse not published
- CouncilTimaru District
- Valuation #24821-46700
- Valuation date1 Sep 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 numberCB493/61
- Title typeFreehold
- Legal descriptionPart Lot 5 Deposited Plan 4427
Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.
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
Building work the council has consented on this property, newest first. 5 consents on record.
- 24 Feb 2021Adds/Alts$5,000 declared
Install masport osburn 1600 freestanding woodburner
Consent BC2021/75 · Timaru District - 1 Dec 2000New$7,000 declared
Erect Garage
Consent BC2000/27968 · Timaru District - 17 Mar 1999Adds/Alts$2,500 declared
Install Logaire Pegasus
Consent BC1999/22098 · Timaru District - 23 Feb 1995New$1,300 declared
Erect Carport And Woodshed
Consent BC1995/6866 · Timaru District - 30 Sep 1994Adds/Alts$990 declared
Install Hot Water Cylinder & Shower Over Bath
Consent BC1994/5766 · Timaru 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.
We do not hold flood maps for Timaru District yet.
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 Pleasant Point
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.