Estimate $1.04m – $1.38m
3
35 Matipo Avenue, Pomare
3 title boundaries · 2,264 m² · LINZ
UnclaimedPublic land · Rotorua District Council
2-8 Osiris Street, Pomare
Also 2A Pharoah PlaceRotorua · Rotorua District
Last sold Oct 1981
OwnBetter estimate
$1.47m
Medium confidence
We estimate it would sell for $1,470,000 as at 5 October 2026, in a range of $1,260,000 to $1,670,000.
Typical home in Pomare
$708k
The median of our estimates of its 620 homes
$1.26mLow
$1.41mCouncil value
$1.47mEstimate
$1.67mHigh
How we worked this out
| Council valuation, Jul 2023 | $1,405,000 |
|---|---|
| Market movement in Rotorua District since the council valuation | +6.2% |
| Apartments and houses in Rotorua District | +1.5% |
| How Pomare sells against council values | −0.6% |
| Homes of this age in Pomare | −0.7% |
| Homes in this price range | −1.7% |
| Our estimate | $1,470,000 |
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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Sign in for the free reportHome 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.
Home loan
Every rate from 36 lenders →What it would cost to buy 2-8 Osiris Street
Estimated repayments
$2,746
$1,176,000 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
CCB · specialAverage5.02%
Highest5.35%
Kookmin
KookminThe lowest rather than the highest is $284 less a fortnight — about $7,380 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$2,746/fn
ICBC4.65%s$2,797/fn
Bank of China4.68%s$2,807/fn
AIA New Zealand4.99%$2,909/fn
ANZ Bank New Zealand4.99%s$2,909/fn
ASB Bank4.99%$2,909/fn
Bank of Baroda4.99%$2,909/fn
Police Credit Union4.99%$2,909/fn
TSB Bank4.99%s$2,909/fn
Unity Credit Union4.99%s$2,909/fn
Kiwibank5.15%s$2,962/fn
Bank of New Zealand5.19%$2,976/fn
SBS Bank5.19%s$2,976/fn
The Co-operative Bank5.19%s$2,976/fn
Westpac New Zealand5.19%s$2,976/fn
First Credit Union5.29%s$3,009/fn- Kookmin Bank Auckland Branch5.35%$3,029/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 2-8 Osiris 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
2-8 Osiris Street as a rental
Rent estimate$920/wk$800–$1,060 · Little evidence
Gross yield3.3%$47,840 a year on $1.47m
Net yield2.7%After $8,464 of costs
Cash flow−$236/wk30% deposit, interest only at 5.02%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate 5.02% is today’s 1-year average | ||
| Rent a week our estimate $920 | ||
| Property manager | ||
| Rent, 52 weeks | $47,840 | |
| 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 | $39,376 | |
| Interest $1,029,000 at 5.02%, interest only | −$51,656 | |
| Cash flow before tax | −$12,280 | |
| Cash flow a week | −$236 | |
| Gross / net yield on the price | 3.3% / 2.7% | |
| Return on equity cash flow on the deposit, before tax | −2.8% | |
| Loses money above this interest rate, before tax | 3.83% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 3.83%. That is -2.8% a year on a $441k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area460 m²
- Decade built1980s
- Bedrooms5
- Bathrooms3
- Property categoryUse not published
- CouncilRotorua District
- Valuation #6561-69300
- 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 numbersSA22C/625, SA22C/626, SA22C/627
- Title typeFreeholdGuaranteed
- Registered ownerRotorua District Council
- Public landHeld by a council
- Estate descriptionFee Simple, 1/1, Lot 20 Deposited Plan South Auckland 23824, 818 m2
- Legal descriptionLot 20 Deposited Plan South Auckland 23824; Lot 21 Deposited Plan South Auckland 23824; Lot 22 Deposited Plan South Auckland 23824
- Land area2,260 m²
- Title issued15 Aug 1977
- Land districtSouth Auckland
- Addresses on this property9
Registered instruments0 registered instruments on these titles 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 · 6 land use or subdivision consents within 250 m.
Within 250 m
- 27 Jul 2022193 mGranted
- 22 Apr 2020Subdivision
To subdivide 2 into 4 lots around a comprehensive development.
17000* · Rotorua Lakes District154 mGranted - 23 May 2019Land use
Variation to reduce no of children to 40 and the daily operating hours remaining the same but extended to seven days
16040*01 · Rotorua Lakes District220 mGranted - 10 Apr 2019Land use
Comprehensive development replacing 2 existing houses with 4 new dwellings.
16603* · Rotorua Lakes District154 mGranted - 18 Oct 2017Land use
Establish and operate a daycare centre for a maximum of 45 children within and existing building.
16040* · Rotorua Lakes District220 mGranted - 23 Mar 2016217 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
Nobody is tracking this property yet
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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 Pomare
Rotorua District
659
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 Pomare
People whose office is within 5 km of Pomare, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Independent
Mark LovegroveSalesperson
Independent
Stephen LovegroveAgent
Independent
Judy ThompsonAgent
Independent
David UmbersAgent
Independent
Michelle UmbersSalesperson
Colville BarbourAgent
Jaime CorbettSalesperson
Hamish FalconerSalesperson
Andrea FentonSalesperson
Brodie FowlerSalesperson
Joshua France-MeeuwsSalesperson
Feng GaoSalesperson
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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