Finding a picture…
Estimate $579k – $859k
3
703E State Highway 33, Okere Falls
Title boundary · 1,282 m² · LINZ
Unclaimed
22 Malvern Road, Okere Falls
Rotorua · Rotorua District
Last sold Feb 2020
OwnBetter estimate
$806k
Low confidence
We estimate it would sell for $806,000 as at 5 October 2026, in a range of $663,000 to $983,000.
Typical home in Okere Falls
$896k
The median of our estimates of its 423 homes
$663kLow
$745kCouncil value
$806kEstimate
$983kHigh
How we worked this out
| Council valuation, Jul 2023 | $745,000 |
|---|---|
| Market movement in Rotorua District since the council valuation | +6.2% |
| Apartments and houses in Rotorua District | −0.1% |
| How Okere Falls sells against council values | +0.9% |
| Homes of this age in Okere Falls | +1.7% |
| Homes in this price range | −0.9% |
| Land as a share of the value | +0.4% |
| Nearby recent sales (6) | −0.1% |
| Our estimate | $806,000 |
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 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.
My notes
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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.
Investor insights
22 Malvern Road as a rental
Rent estimate$685/wk$590–$790 · Little evidence
Gross yield4.4%$35,620 a year on $806k
Net yield3.6%After $6,302 of costs
Cash flow−$87/wk30% deposit, interest only at 6.00%
| 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 year | Not known |
| Landlord insurance the building | Not known |
| Net income before interest | $29,318 |
| Interest $564,200 at 6.00%, interest only | −$33,852 |
| Cash flow before tax | −$4,534 |
The rent covers the interest at rates up to 5.20%. That is -1.9% a year on a $242k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area90 m²
- Decade built1970s
- Bedrooms3
- Bathrooms1
- Parking2 car spaces
- Property categoryUse not published
- CouncilRotorua District
- Valuation #6961-41000
- 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 numberSA20C/856
- Title typeFreehold
- Estate descriptionFee Simple, 1/1, Lot 3 Deposited Plan South Auckland 9697, 1,279 m2
- Legal descriptionLot 3 Deposited Plan South Auckland 9697
- Land area1,282 m²
- Title issued29 Jun 1976
- Land districtSouth Auckland
Instruments on this title1 registered instrumentMortgage 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. None on this property · 7 land use or subdivision consents within 250 m.
Within 250 m
- 15 May 2024203 mGranted
- 1 Dec 2023Land use
Deck extension within the Northern 2.5m side-yard restriction
PBA23-010026 · Rotorua Lakes District20 mGranted - 23 Jan 2023Land use
Retrospective consent for a minor household unit located within the side yards of the subject site
LU-018498 · Rotorua Lakes District237 mGranted - 16 May 2022237 mGranted
- 24 Feb 2020Land use
Use and maintain existing boatshed B193 on Lake Rotoiti
RM20-0151.BC.01 · Bay of Plenty Regional237 mGranted - 22 Jul 2019141 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
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What claiming gets you
1One live recordCouncil valuation, title details and registered interests, kept current rather than gathered again every time you need them.
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3Providers compete for itPut the mortgage, the insurance and the power out to people who want the business — on your terms, when you ask.
4Everything else you ownOne search finds other titles in your name and in companies you are a director of.
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 Rotorua District 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.
Bay of Plenty Regional Council will send what it holds on a listed site on request.
Ask Bay of Plenty Regional CouncilWhat 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 Okere Falls
Rotorua District
590
Properties on the rating roll
1 Jul 2023
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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Agents active in Okere Falls
People whose office is within 5 km of Okere Falls, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Independent
Nicola FitchettSalesperson
Independent
John HorsfallSalesperson
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Richard LeachSalesperson
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Stacey ParrantSalesperson
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William SinclairAgent
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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