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Unclaimed

50 College Street, Te Awamutu

Waipa District

$899,000

  • 4
  • 2
  • 1
  • 207m²
  • 521 m²
  • House
  • 1 Study / office
  • Ensuite
  • Separate toilet
  • Workshop
  • 1 Garage
  • 1 Carport
  • Heat pump
Fencing
Fully fenced
Views
Urban, Rural
Aspect
Westerly
Roof
Iron
Exterior
Weatherboard
Hot water
Gas
Water supply
Town
Sewage
City

1930s Charm, Modern Living

Set in one of Te Awamutu's most desirable and established streets, 50 College Street is a beautifully presented 1930s character home offering a wonderful combination of charm, space and modern comfort. With approximately 207sqm of living space, the home has a generous feel throughout, while the 521sqm section is easily maintained and surrounded by the mature, leafy character of this highly sought after area, just a short distance from the high school.

The recently refurbished kitchen is sleek and contemporary, opening seamlessly into a generous open plan dining, living and family space. Polished timber floors add warmth and character, while the ducted underfloor heat pump provides efficient temperature control throughout the downstairs living areas and bedrooms. From here, doors open to an elevated, partially covered deck and outdoor living area, taking in views to the west and towards Mt Pirongia - a lovely spot to enjoy the afternoon sun.

The accommodation is thoughtfully spread over two levels, with two bedrooms and a bathroom downstairs, while upstairs provides a further bedroom and an excellent master suite. Under the house, there's useful parking and workshop space, while the secure and private front yard provides a great space for family life.

Very well presented and offering plenty of personality, this is a home with genuine character and space in a location that's hard to beat. Whether you're a family with high school aged children or simply looking for a home with charisma, practical living and an easily maintained section, 50 College Street deserves your attention. Priced at $899,000. Contact Mark Derbyshire to arrange a viewing.

https://rwteawamutu.co.nz/TEA31555

OwnBetter estimate
$844k
Medium confidence

We estimate it would sell for $844,000 as at 5 October 2026, in a range of $722,000 to $960,000.

Typical home in Te Awamutu
$689k
The median of our estimates of its 5,197 homes
How we worked this out
Council valuation, Aug 2025$865,000
Market movement in Waipa District since the council valuation+1.7%
Apartments and houses in Waipa District+0.2%
How Te Awamutu sells against council values+0.3%
Homes in this price range−1.0%
Land as a share of the value−1.4%
Nearby recent sales (15)−2.1%
Our estimate$844,000

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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What it costs to live here

Home expense estimates

—a month, all in

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

50 College Street as a rental

Rent estimate$700/wk$610–$800 · Little evidence
Gross yield4.3%$36,400 a year on $844k
Net yield3.5%After $6,440 of costs
Cash flow−$106/wk30% deposit, interest only at 6.00%
Line
Price Our estimate
Deposit
Interest rate
Rent a week our estimate $700
Property manager
Rent, 52 weeks$36,400
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$29,960
Interest $590,800 at 6.00%, interest only−$35,448
Cash flow before tax−$5,488
Cash flow a week−$106
Gross / net yield on the price4.3% / 3.5%
Return on equity cash flow on the deposit, before tax−2.2%
Loses money above this interest rate, before tax5.07%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 5.07%. That is -2.2% a year on a $253k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area207 m²
  • Land area521 m²
  • Decade built1930s
  • Bedrooms4
  • Bathrooms2
  • Parking1 car space
  • Property categoryUse not published
  • CouncilWaipa District
  • Valuation #4470-55102
  • Valuation date1 Aug 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 number351040
  • Title typeFreehold
  • Legal descriptionLot 1 DP 387715
Registered instrumentsChecking the register… See the title summary →

Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.

Getting around

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Building consents

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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.

Reading the council's maps…

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About Te Awamutu

Waipa District
7,580
Properties on the rating roll
10 Jun 2026
Last council revaluation
Buyer demand

7 people looked at properties in Te Awamutu this week.

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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