Estimate $1.02m – $1.29m
5
10 Kate Way, Karori
2 title boundaries · 1,053 m² · LINZ
Unclaimed
42 David Crescent, Karori
Wellington · Wellington City
Last sold Aug 2018
OwnBetter estimate
$1.34m
Medium confidence
We estimate it would sell for $1,340,000 as at 5 October 2026, in a range of $1,200,000 to $1,530,000.
Typical home in Karori
$879k
The median of our estimates of its 4,959 homes
$1.2mLow
$1.34mEstimate
$1.48mCouncil value
$1.53mHigh
How we worked this out
| Council valuation, Sept 2024 | $1,480,000 |
|---|---|
| Market movement in Wellington City since the council valuation | −6.0% |
| How Karori sells against council values | −3.5% |
| Homes of this age in Karori | −1.1% |
| Homes in this price range | +0.5% |
| Nearby recent sales (15) | −0.9% |
| Its own sale in 2018 | +1.5% |
| Our estimate | $1,340,000 |
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
42 David Crescent as a rental
Rent estimate$870/wk$760–$1,000 · Little evidence
Gross yield3.4%$45,240 a year on $1.34m
Net yield2.8%After $8,004 of costs
Cash flow−$366/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $870 | ||
| Property manager | ||
| Rent, 52 weeks | $45,240 | |
| 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 | $37,236 | |
| Interest $938,000 at 6.00%, interest only | −$56,280 | |
| Cash flow before tax | −$19,044 | |
| Cash flow a week | −$366 | |
| Gross / net yield on the price | 3.4% / 2.8% | |
| Return on equity cash flow on the deposit, before tax | −4.7% | |
| Loses money above this interest rate, before tax | 3.97% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 3.97%. That is -4.7% a year on a $402k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area330 m²
- Decade built1980s
- Bedrooms1
- Bathrooms1
- Parking1 car space
- Property categoryUse not published
- CouncilWellington City
- Valuation #16910-31118
- 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 recordRegistered instruments0 registered instruments on this title 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
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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. 1 on this property · 4 land use or subdivision consents within 250 m.
On this property
- 11 Aug 2022Granted
Within 250 m
- 18 Sep 202491 mGranted
- 5 Mar 2021195 mGranted
- 19 Mar 2020165 mGranted
- 17 May 2017132 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
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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.
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.
The hazard maps could not be read just now.
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 Karori
Wellington City
5,543
Properties on the rating roll
1 Sep 2024
Last council revaluation
Buyer demand
21 people looked at properties in Karori 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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The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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