Auction
3 2 2
Auction Thu, 5 Nov
50 Solomon Street, Brookfield
EVES Real Estate (The Lakes)
Title boundary · 623 m² · LINZ
Unclaimed
10B Brookfield Terrace, Brookfield
Tauranga · Tauranga City
Last sold Apr 2024
OwnBetter estimate
$1.07m
Medium confidence
We estimate it would sell for $1,070,000 as at 5 October 2026, in a range of $961,000 to $1,220,000.
Typical home in Brookfield
$802k
The median of our estimates of its 1,660 homes
$961kLow
$1.07mEstimate
$1.13mCouncil value
$1.22mHigh
How we worked this out
| Council valuation, May 2023 | $1,130,000 |
|---|---|
| Market movement in Tauranga City since the council valuation | +3.1% |
| How Brookfield sells against council values | +0.4% |
| Homes of this age in Brookfield | +0.1% |
| Homes in this price range | −0.1% |
| Land as a share of the value | −1.1% |
| Nearby recent sales (15) | −1.1% |
| Its own sale in 2024 | −6.5% |
| Our estimate | $1,070,000 |
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 and its own last sale 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
10B Brookfield Terrace as a rental
Rent estimate$785/wk$680–$910 · Little evidence
Gross yield3.8%$40,820 a year on $1.07m
Net yield3.1%After $7,222 of costs
Cash flow−$218/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $785 | ||
| Property manager | ||
| Rent, 52 weeks | $40,820 | |
| 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 | $33,598 | |
| Interest $749,000 at 6.00%, interest only | −$44,940 | |
| Cash flow before tax | −$11,342 | |
| Cash flow a week | −$218 | |
| Gross / net yield on the price | 3.8% / 3.1% | |
| Return on equity cash flow on the deposit, before tax | −3.5% | |
| Loses money above this interest rate, before tax | 4.49% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 4.49%. That is -3.5% a year on a $321k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area213 m²
- Decade built2000s
- Bedrooms3
- Bathrooms2
- Parking2 car spaces
- Property categoryUse not published
- CouncilTauranga City
- Valuation #6631-55802
- Valuation date1 May 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 number414830
- Title typeFreeholdGuaranteedStandard registered title
- Estate descriptionFee Simple, 1/1, Lot 2 Deposited Plan 404294, 622 m2
- Legal descriptionLot 2 Deposited Plan 404294
- Land area623 m²
- Title issued6 Jul 2010
- Land districtSouth Auckland
Registered instruments2 registered instruments on this title, +1 statutory memorialEasement Instrument · Mortgage Only routine instruments registered 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
- 8 Dec 2022Land use
Consent for the upgrade of existing telecommunications facility in the road reserve (BOP-023-009) involving a replacement pole, installation of 3 cabinets, 3 additional antenna, ancillaery equipment and partial replacement of adjacent equipment cabinets outside 3 Brookfield Terrace
RC29570 · Tauranga City164 mGranted - 24 Aug 2022111 mGranted
- 31 Jan 2022195 mGranted
- 29 Apr 2021Subdivision
Consent to undertake a two lot subdivision around an existing duplex
RC28338 · Tauranga City164 mGranted - 29 Apr 2021164 mGranted
- 10 May 2018Subdivision
To undertake a boundary adjustment subdivision, create an associated easement and establish a setback and overshadowing non-complinace
26441* · Tauranga City97 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
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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 Tauranga City 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 Brookfield
Tauranga City
2,085
Properties on the rating roll
10 Jun 2026
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 Brookfield
People whose office is within 5 km of Brookfield, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Ray White
Ethan AldersonSalesperson
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Renilawati Sesari ArbakSalesperson
Ray White
Sarah DeightonSalesperson
Ray White
Mark FrancisSalesperson
Ray White
Yvette GornallSalesperson
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Kelvin GreggSalesperson
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Helen HelsbySalesperson
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Lisa KerrSalesperson
Ray White
Joanna MorrellSalesperson
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Janine ParkerSalesperson
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Natasha PownallSalesperson
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Tyler SadlerBranch Manager
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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