23 Oregon Drive, Rainbow Point
Also 23A Oregon DriveTaupō · Taupo District
Last sold Sept 2016
What is rental yield?
Gross rental yield is a year’s rent as a share of what the property is worth: $735 × 52 weeks = $38,220, against the council valuation of $935,000. 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 | $735 | 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.
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 23 Oregon Drive
CCB · special
KookminThe lowest rather than the highest is $181 less a fortnight — about $4,694 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$1,746/fn
ICBC4.65%s$1,779/fn
Bank of China4.68%s$1,785/fn
AIA New Zealand4.99%$1,850/fn
ANZ Bank New Zealand4.99%s$1,850/fn
ASB Bank4.99%$1,850/fn
Bank of Baroda4.99%$1,850/fn
Police Credit Union4.99%$1,850/fn
TSB Bank4.99%s$1,850/fn
Unity Credit Union4.99%s$1,850/fn
Kiwibank5.15%s$1,884/fn
Bank of New Zealand5.19%$1,893/fn
SBS Bank5.19%s$1,893/fn
The Co-operative Bank5.19%s$1,893/fn
Westpac New Zealand5.19%s$1,893/fn
First Credit Union5.29%s$1,914/fn- Kookmin Bank Auckland Branch5.35%$1,927/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
23 Oregon Drive as a rental
| Line | ||
|---|---|---|
| Price Council valuation | ||
| Deposit | ||
| Interest rate 5.02% is today’s 1-year average | ||
| Rent a week our estimate $735 | ||
| Property manager | ||
| Rent, 52 weeks | $38,220 | |
| 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 | $31,458 | |
| Interest $654,500 at 5.02%, interest only | −$32,856 | |
| Cash flow before tax | −$1,398 | |
| Cash flow a week | −$27 | |
| Gross / net yield on the price | 4.1% / 3.4% | |
| Return on equity cash flow on the deposit, before tax | −0.5% | |
| Loses money above this interest rate, before tax | 4.81% | |
The rent covers the interest at rates up to 4.81%. That is -0.5% a year on a $281k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area125 m²
- Decade built1970s
- Bedrooms2
- Bathrooms2
- Property categoryUse not published
- CouncilTaupo District
- Valuation #7341-5400-A
- Valuation date1 Sep 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 numberSA19B/1407
- Title typeCross leaseGuaranteedStandard registered title
- Estate descriptionFee Simple, 1/2, Lot 21 Deposited Plan South Auckland 18898, 1,068 m2; Leasehold, 1/1, Flat 1 Deposited Plan South Auckland 20602, Patio 1 Deposited Plan South Auckland 20602 and Garage 1 Deposited Plan South Auckland 20602
- Legal descriptionFlat 1 Deposited Plan South Auckland 20602, Patio 1 Deposited Plan South Auckland 20602 and Garage 1 Deposited Plan South Auckland 20602; Lot 21 Deposited Plan South Auckland 18898
- Land area1,069 m²
- Title issued2 Sep 1975
- Land districtSouth Auckland
- Addresses on this property2
Owners 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
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 · 9 land use or subdivision consents within 250 m.
Within 250 m
- 31 Oct 2022Land use
To construct a new dwelling that exceeds the maximum plot ratio by 4.8% and for existing sheds infringing the minimum building setback on the southern side boundary by 0.3m.
220410 · Taupo District159 mGranted - 1 Apr 2022Land use
To construct additions to the dwelling which exceed the maximum building coverage and maximum height to boundary, for garden sheds within the building setbacks, to carry out associated earthworks and for a second vehicle crossing.
220108 · Taupo District159 mGranted - 4 Nov 2021Land use
To convert an existing garage into a walk-in wardrobe, ensuite and storage area and provide two carparks within the front building setback.
210406 · Taupo District7 mGranted - 6 Nov 2018Land use
To carry out earthworks for proposed dwelling additions exceeding the 1.5m vertical ground limit by an additional 0.14m
180324 · Taupo District151 mGranted - 12 Jun 2018Land use
To construct a new dwelling on the site will exceed building coverage, plot ratio and be partly within the 1.5m setbacks to the west boundary.
180157 · Taupo District125 mGranted - 4 Apr 2017Land use
new dwelling with building coverage of 40.38%, plot ratio of 54.07%, building within the setback and height to bounary of up to 1.2m.
170100 · Taupo District233 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
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 Taupo 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.
We show the district plan's known contaminated sites. The full register is Waikato Regional Council's (or Bay of Plenty's, east of the district), and is not published.
Ask Taupō District 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 Rainbow 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.
Agents active in Rainbow Point
People whose office is within 5 km of Rainbow Point, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
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.