$330,000
3 1
Invest, Relax and Reap the Rewards
32B Papua Street, Tūrangi
Property Brokers
Aerial · LINZ aerial
Unclaimed
32A Papua Street, Tūrangi
Taupo District
$335,000
- 3
- 1
- 344 m²
- House
Cosy, Comfortable and Ready to Enjoy
Tucked away on the outskirts of Turangi in a quiet and peaceful setting, 32A Papua Street offers a clean and tidy home that's ready for its next owner. This well-presented three-bedroom weatherboard home features a separate galley-style kitchen, flowing through to the open-plan dining and living area. This cosy space is warmed by a woodburner during the cooler months, while sliding doors open out to a large deck - a great spot to relax, entertain or enjoy the sunshine. All three bedrooms are well sized, while the bathroom offers a shower over the bath with a combined toilet. Adding further appeal, the property is Healthy Homes compliant, making it an attractive option for investors, first-home buyers or those simply looking for a comfortable place to call home. Located just on the outskirts of town, you can enjoy the peace and quiet while still being only minutes from Turangi's shops, schools and amenities. Clean, comfortable and well positioned - 32A Papua Street is well worth a look.
OwnBetter estimate
$343k
Medium confidence
We estimate it would sell for $343,000 as at 5 October 2026, in a range of $293,000 to $390,000.
Typical home in Tūrangi
$380k
The median of our estimates of its 1,972 homes
$293kLow
$335kCouncil value
$343kEstimate
$390kHigh
How we worked this out
| Council valuation, Sept 2025 | $335,000 |
|---|---|
| Market movement in Taupo District since the council valuation | +0.7% |
| Apartments and houses in Taupo District | +0.2% |
| How Tūrangi sells against council values | −1.3% |
| Homes of this age in Tūrangi | +1.6% |
| Homes in this price range | −0.5% |
| Land as a share of the value | +0.5% |
| Nearby recent sales (15) | +1.1% |
| Our estimate | $343,000 |
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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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
32A Papua Street as a rental
Rent estimate$445/wk$380–$510 · Little evidence
Gross yield6.7%$23,140 a year on $343k
Net yield5.6%After $4,094 of costs
Cash flow+$89/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $445 | ||
| Property manager | ||
| Rent, 52 weeks | $23,140 | |
| 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 | $19,046 | |
| Interest $240,100 at 6.00%, interest only | −$14,406 | |
| Cash flow before tax | +$4,640 | |
| Cash flow a week | +$89 | |
| Gross / net yield on the price | 6.7% / 5.6% | |
| Return on equity cash flow on the deposit, before tax | 4.5% | |
| Loses money above this interest rate, before tax | 7.93% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 7.93%. That is 4.5% a year on a $103k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area75 m²
- Land area344 m²
- Decade built2010s
- Bedrooms3
- Bathrooms1
- Property categoryUse not published
- CouncilTaupo District
- Valuation #7460-53602
- 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 number804256
- Title typeFreehold
- Legal descriptionLot 2 Deposited Plan 514538
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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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.
What claiming gets you
1One live recordCouncil valuation, title details and registered interests, kept current rather than gathered again every time you need them.
2Your lending in the pictureAdd what you owe, or connect the bank, and the equity and LVR stop being a calculation you redo by hand.
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 Tūrangi
Taupo District
2,418
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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