Finding a picture…
Estimate $535k – $711k
3
23B Solly Place, Springfield
Shared parcel · 1,369 m² · LINZ
Unclaimed
2 Willmott Place, Springfield
Also 2A Willmott PlaceRotorua · Rotorua District
Last sold Dec 2022
Rent estimate · 17 Oct 2026
$510 – $680/week
Most likely about $590 a week · Little evidence: a rough guide
Estimated rental yield
5.1%
What is rental yield?
Gross rental yield is a year’s rent as a share of what the property is worth: $590 × 52 weeks = $30,680, against the council valuation of $605,000. 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 | $591 | 100% |
We read this property as a townhouse with 2 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.
My notes
Sign in to keep private notes on this property and record what you think it is worth.
Thinking of buying?Free pre-purchase running cost report Mortgage repayments, this year’s council rates, and estimates for insurance, electricity, gas and internet at this address — saved to your watchlist.
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 Willmott Place
Estimated repayments
$1,130
$484,000 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 · specialAverage5.03%
Highest5.35%
Kookmin
KookminThe lowest rather than the highest is $117 less a fortnight — about $3,037 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$1,130/fn
ICBC4.65%s$1,151/fn
Bank of China4.68%s$1,155/fn
AIA New Zealand4.99%$1,197/fn
ANZ Bank New Zealand4.99%s$1,197/fn
ASB Bank4.99%$1,197/fn
Bank of Baroda4.99%$1,197/fn
Police Credit Union4.99%$1,197/fn
Unity Credit Union4.99%s$1,197/fn
Kiwibank5.15%s$1,219/fn
Bank of New Zealand5.19%$1,225/fn
SBS Bank5.19%s$1,225/fn
The Co-operative Bank5.19%s$1,225/fn
TSB Bank5.19%s$1,225/fn
Westpac New Zealand5.19%s$1,225/fn
First Credit Union5.29%s$1,238/fn- Kookmin Bank Auckland Branch5.35%$1,247/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 2 Willmott Place. 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 Willmott Place as a rental
Rent estimate$590/wk$510–$680 · Little evidence
Gross yield5.1%$30,680 a year on $605k
Net yield4.2%After $5,428 of costs
Cash flow+$76/wk30% deposit, interest only at 5.03%
| Rent, 52 weeks | $30,680 |
|---|---|
| Empty between tenants 2 weeks | −$1,180 |
| Property management 9.2% incl. GST | −$2,714 |
| Maintenance 5% of rent | −$1,534 |
| Council rates this year | Not known |
| Landlord insurance the building | Not known |
| Net income before interest | $25,252 |
| Interest $423,500 at 5.03%, interest only | −$21,302 |
| Cash flow before tax | +$3,950 |
The rent covers the interest at rates up to 5.96%. That is 2.2% a year on a $182k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area91 m²
- Decade built1970s
- Bedrooms2
- Bathrooms1
- Parking2 car spaces
- Property categoryUse not published
- CouncilRotorua District
- Valuation #6580-69517-A
- 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/505
- Title typeCross lease
- Estate descriptionFee Simple, 1/2, Lot 2 Deposited Plan South Auckland 18049, 1,368 m2; Leasehold, 1/1, Flat 1 Deposited Plan South Auckland 22311
- Legal descriptionFlat 1 Deposited Plan South Auckland 22311; Lot 2 Deposited Plan South Auckland 18049
- Land area1,369 m²
- Title issued30 Jun 1976
- Land districtSouth Auckland
- Addresses on this property2
Instruments on this title5 registered instrumentsLease ×2 · Mortgage · Transfer · Transfer and Grant of Easement 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
Building work the council has consented on this property, newest first. 1 consent on record.
- 1 Jun 2025Adds/Alts$30,000 declared
Retaining wall
Consent BC25-011729 · Rotorua District
Resource consents
What the council has been asked to allow under the Resource Management Act. None on this property · 9 land use or subdivision consents within 250 m.
Within 250 m
- 16 Nov 2020208 mGranted
- 6 Nov 2020Land use
Construct a garage 1 metre from the side and rear boundaries.
17265* · Rotorua Lakes District134 mGranted - 24 Sep 2020Land use
Construct a new dwelling intruding into side and rear yards and non-compliance with outdoor amenity space.
17208* · Rotorua Lakes District191 mGranted - 10 Oct 2019Land use
To construct a new first floor deck which intrudes into the norther 2.5m side yard.
16811* · Rotorua Lakes District229 mGranted - 24 May 2019245 mGranted
- 9 Nov 2018Land use
Dwelling additions 1.860m from the side boundary and 3.250m from the front boundary.
16443* · Rotorua Lakes District237 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 Springfield
Rotorua District
1,341
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. OwnBetter has no estimate for this property. Every council figure on this page can be checked against the council's own record.
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Agents active in Springfield
People whose office is within 5 km of Springfield, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
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Judy ThompsonAgent
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Michelle UmbersSalesperson
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Mark LovegroveSalesperson
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Stephen LovegroveAgent
Colville BarbourAgent
Jaime CorbettSalesperson
Hamish FalconerSalesperson
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Joshua France-MeeuwsSalesperson
Feng GaoSalesperson
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