$295,000
3 1 1
Solid Family Home on 1002sqm Section
17 Esplanade, Te Kūiti
Harcourts Te Kūiti
Aerial · LINZ aerial
Unclaimed
23 Esplanade, Te Kūiti
Waitomo District
$469,000
- 3
- 1
- House
Best Outlook Over Town- motivated vendor
Get in quick- vendor keen to sell, they have other plans.
Nestled high on the rise with panoramic views over town, this home has been lovingly renovated to open up the living and make good use of the picture window for watching the world go by. The island kitchen feature black cabinetry and generous countertop. With under bench oven and gas hob, entertaining is a breeze. The home features polished wood floors and a light pallet throughout, 2 x heat pumps and insulation in ceiling, walls and under floor. Modern blind and curtains dress the windows, the home has a wet floor bathroom, a central hall for inside/out access with ramp and new deck. The property is fully fenced with electric gates and security cameras, landscaped with concrete driveway and turn bay. Outside the fenced area is a lower-level flat area suitable for parking the mobile home or caravan sitting clear of driveway and other off-street parking.
The property sits behind a corner council owned site, designated as roading. This green space gives the home the feel of an even larger lot.
Call Vayle to arrange a viewing.
House size 100sqm more or less, Section size 1586 sqm more or less
RV $ 410,000 (September 2024), LV $ 140000 (September 2024)
WDC Rates $ 4419.45 WRC Rates $315.23
Chattels
Under bench oven, gas hob, 2x het pumps, washing machine, shower seat, bathroom heater, extractor fan, light fittings, washing taps, drapes and blinds, security cameras and electric gates
Sourced information from vendor, Waitomo District Council, Waikato Regional Council, CoreLogic, database and viewing the property.
OwnBetter estimate
$397k
Medium confidence
We estimate it would sell for $397,000 as at 5 October 2026, in a range of $357,000 to $452,000.
Typical home in Te Kūiti
$388k
The median of our estimates of its 1,984 homes
$357kLow
$397kEstimate
$410kCouncil value
$452kHigh
How we worked this out
| Council valuation, Sept 2024 | $410,000 |
|---|---|
| Market movement in Waitomo District since the council valuation | +2.5% |
| Apartments and houses in Waitomo District | +0.5% |
| How Te Kūiti sells against council values | −0.9% |
| Homes of this age in Te Kūiti | +0.2% |
| Homes in this price range | −0.6% |
| Land as a share of the value | −0.3% |
| Nearby recent sales (15) | +1.5% |
| Its own sale in 2017 | −5.8% |
| Our estimate | $397,000 |
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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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.
Investor insights
23 Esplanade as a rental
Rent estimate$480/wk$410–$550 · Little evidence
Gross yield6.3%$24,960 a year on $397k
Net yield5.2%After $4,416 of costs
Cash flow+$74/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $480 | ||
| Property manager | ||
| Rent, 52 weeks | $24,960 | |
| 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 | $20,544 | |
| Interest $277,900 at 6.00%, interest only | −$16,674 | |
| Cash flow before tax | +$3,870 | |
| Cash flow a week | +$74 | |
| Gross / net yield on the price | 6.3% / 5.2% | |
| Return on equity cash flow on the deposit, before tax | 3.2% | |
| Loses money above this interest rate, before tax | 7.39% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 7.39%. That is 3.2% a year on a $119k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area100 m²
- Land area1,586 m²
- Decade built1950s
- Bedrooms3
- Bathrooms1
- Property categoryUse not published
- CouncilWaitomo District
- Valuation #5884-4600
- Valuation date1 Sep 2024
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 numberSA9A/869
- Title typeFreehold
- Legal descriptionLot 7 Deposited Plan South Auckland 769
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
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.
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.
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 Kūiti
Waitomo District
2,600
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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The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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