71 Fraser Street, Te Awamutu
Waipa District
Offers Over $720,000
- 4
- 2
- 1
- 140m²
- 753 m²
- House
Central bungalow with space and versatility
Enquires over $720,000 Imagine the possibilities. Set on a generous 753m2 (more or less) section, this 1920s-character home offers approximately 140m2 (more or less) of living space, four large bedrooms and a layout with plenty of scope to make your own.
The home combines character and practicality, with generous living areas flowing through to an outdoor BBQ and entertaining space. A separate garage provides secure parking, with additional storage at the rear.
There’s scope here to add value to this home with the opportunity to freshen things up with new carpet or beautifully polished floors, along with a fresh interior coat of paint. You can make those choices to suit your own taste, and the home has been priced with that in mind.
Healthy Homes compliant, the property presents an opportunity for investors, families or buyers looking for a home with scope to add value over time.
With its generous section, established location and character features, there is plenty to consider here - whether your plans are to live in, invest or improve.
Conveniently located close to local schools, shops and everyday amenities, this is an opportunity to look beyond the surface and imagine what could be.
The possibilities are here. What you do with them is up to you?
Please note: Some of the interior images have been virtually staged to illustrate possible presentation and furniture arrangements. They are indicative only and should not be relied upon as an exact representation of the property's current furnishings or condition.
Added to OwnBetter 28 Oct 2026
We estimate it would sell for $719,000 as at 5 October 2026, in a range of $615,000 to $818,000.
How we worked this out
| Council valuation, Aug 2025 | $705,000 |
|---|---|
| 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 | +0.4% |
| Land as a share of the value | −0.4% |
| Nearby recent sales (15) | −0.2% |
| Our estimate | $719,000 |
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.
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.
71 Fraser Street as a rental
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $645 | ||
| Property manager | ||
| Rent, 52 weeks | $33,540 | |
| 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 | $27,606 | |
| Interest $503,300 at 6.00%, interest only | −$30,198 | |
| Cash flow before tax | −$2,592 | |
| Cash flow a week | −$50 | |
| Gross / net yield on the price | 4.7% / 3.8% | |
| Return on equity cash flow on the deposit, before tax | −1.2% | |
| Loses money above this interest rate, before tax | 5.48% | |
The rent covers the interest at rates up to 5.48%. That is -1.2% a year on a $216k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area140 m²
- Land area753 m²
- Decade built1920s
- Bedrooms4
- Bathrooms2
- Parking1 car space
- Property categoryUse not published
- CouncilWaipa District
- Valuation #4482-85104
- 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 number906795
- Title typeFreehold
- Legal descriptionLot 4 Deposited Plan 540664
Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.
Another agency selling this property too, or is it for rent? Import that listing and it shows beside this one.
Building consents
We hold no building consents for this property yet. The council may hold records we have not seen.
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.
Reading the council's maps…
What 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 Te Awamutu
10 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.
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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.