Shared parcel · 17,690 m² · LINZ
Unclaimed

1-7 Ara Paiwhenua, Tawa

Wellington · Wellington City

Last sold Oct 2025

Rent estimate · 24 Oct 2026
$570 – $750/week
Most likely about $655 a week · Little evidence: a rough guide
Estimated rental yield
4.6%
What is rental yield?

Gross rental yield is a year’s rent as a share of what the property is worth: $655 × 52 weeks = $34,060, against the council valuation of $740,000. It is before rates, insurance, maintenance, management and vacancies, so what an owner keeps (the net yield) is lower.

How we worked this out
EvidencePoints toCounted
From its value what rentals in the area typically yield$654100%

We read this property as an apartment. Rentals advertised nearby count most when they are close, recent and alike; the more of them there are, the less the area’s bond figures count. Bond figures are rents agreed in new tenancies, from Tenancy Services, placed within the area by how this property’s council valuation compares with similar homes there.

These are computer-generated guides only, not a rental appraisal.

Part of 1 Ara Paiwhenua · Unit Title One of 72 units on Deposited Plan 574386. The boundary on the map is the whole building's — a unit title sits over the parcel the development shares. See the whole building →
My notes
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What it costs to live here

Home expense estimates

Mortgage: open the section
$2,996a 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.

Home loan

What it would cost to buy 1-7 Ara Paiwhenua

Every rate from 36 lenders →
Estimated repayments
$1,382
$592,000 at 4.49% 1 year fixed with China Construction Bank, over 30 years
Loan length
1 year fixed today · 17 lenders
Lowest4.49%CCB · special
Average5.02%
Highest5.35%Kookmin

The lowest rather than the highest is $143 less a fortnight — about $3,715 over the 1 year.

All 17 lenders at 1 year fixed
  • China Construction Bank4.49%s$1,382/fn
  • ICBC4.65%s$1,408/fn
  • Bank of China4.68%s$1,413/fn
  • AIA New Zealand4.99%$1,464/fn
  • ANZ Bank New Zealand4.99%s$1,464/fn
  • ASB Bank4.99%$1,464/fn
  • Bank of Baroda4.99%$1,464/fn
  • Police Credit Union4.99%$1,464/fn
  • TSB Bank4.99%s$1,464/fn
  • Unity Credit Union4.99%s$1,464/fn
  • Kiwibank5.15%s$1,491/fn
  • Bank of New Zealand5.19%$1,498/fn
  • SBS Bank5.19%s$1,498/fn
  • The Co-operative Bank5.19%s$1,498/fn
  • Westpac New Zealand5.19%s$1,498/fn
  • First Credit Union5.29%s$1,515/fn
  • Kookmin Bank Auckland Branch5.35%$1,525/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 1-7 Ara Paiwhenua. Free for you — lenders pay brokers — and nobody sees your name until you choose one.

Principal and interest at the lowest advertised card rate, held for the whole loan — no New Zealand rate is. A guide, not a lending offer or financial advice. How much could you borrow? · Mortgage calculator

Investor insights

1-7 Ara Paiwhenua as a rental

Rent estimate$655/wk$570–$750 · Little evidence
Gross yield4.6%$34,060 a year on $740k
Net yield3.8%After $6,026 of costs
Cash flow+$39/wk30% deposit, interest only at 5.02%
Line
Price Council valuation
Deposit
Interest rate 5.02% is today’s 1-year average
Rent a week our estimate $655
Property manager
Rent, 52 weeks$34,060
Empty between tenants 2 weeks
Property management 9.2% incl. GST
Maintenance 5% of rent
Council rates this year
Landlord insurance the building
Body corporate levy operating levy
Net income before interest$28,034
Interest $518,000 at 5.02%, interest only−$26,004
Cash flow before tax+$2,030
Cash flow a week+$39
Gross / net yield on the price4.6% / 3.8%
Return on equity cash flow on the deposit, before tax0.9%
Loses money above this interest rate, before tax5.41%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 5.41%. That is 0.9% a year on a $222k deposit. We don’t know this unit’s body corporate levy yet: type it in, or ask the agent for the disclosure statement. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area92 m²
  • Decade built2020s
  • Parking1 car space
  • Property categoryUse not published
  • CouncilWellington City
  • Valuation #15660-52401-D
  • 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 number1049859
  • Title typeUnit TitleGuaranteedStandard registered title
  • Estate descriptionStratum in Freehold, 1/1, Principal Unit 4 Deposited Plan 574386 and Accessory Unit 86 Deposited Plan 574386
  • Legal descriptionPrincipal Unit 4 Deposited Plan 574386 and Accessory Unit 86 Deposited Plan 574386
  • Beside a river or lake95 m of boundary meets a river or lake bed with no title
  • Title issued4 Apr 2024
  • Land districtWellington
  • Addresses on this property2
Registered instruments2 registered instruments on this title, 19 on the buildingEasement Instrument ×8 · Consent Notice under s221(4)(a) Resource Management Act 1991 ×7 · Application for Deposit of Unit Title Plan · Land Covenant under s116(1)(a) or (b) Land Transfer Act 2017 · Mortgage · Unit Titles Act 2010 - Assessment of ownership interests - s32(2)(b) & (3)(b) · Variation of Easement Only routine instruments registered 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
Train station
Takapu Road Station
5 min walk · 255 m · about every 20 min
KPL
Bus stop
Woolworths Tawa (stopping area)
1 min walk · 54 m · about hourly
59
Stops: Greater Wellington Regional CouncilWalk times estimated, not routed

Listings

Selling this property, or the agent for it? Import the listing from your agency's site or a portal and it appears here, free: photos, price, open homes and your details, beside the council record buyers are already reading.

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. 4 on this property · 14 land use or subdivision consents within 250 m.

On this property

  1. 5 Jul 2022
    Land use

    To undertake earthworks exceeding 3000m2 to facilitate a residential development

    38431* · Greater Wellington Regional
    Granted
  2. 5 Jul 2022
    Discharge permit

    To undertake earthworks exceeding 3000m2, including the associated discharge of sediment-laden runoff to facilitate a residential development, and to discharge operational stormwater to land once the site has been developed.

    38408* · Greater Wellington Regional
    Granted
  3. 5 Jul 2022
    Discharge permit

    to discharge operational stormwater to land once the site has been developed

    38432* · Greater Wellington Regional
    Granted
  4. 6 Apr 2022
    Subdivision

    Subdivision: Unit title subdivision, 82 units

    512529 · Wellington City
    Granted

Within 250 m

  1. 15 Apr 2024
    Land use

    Stream works within Porirua stream for the construction and occupation of a rock riprap structure to remediate eroding streambanks

    39528* · Greater Wellington Regional
    130 mGranted
  2. 15 Apr 2024
    Land use

    Temporary stream works and diversion within Porirua Stream associated with the remediation of eroding streambanks and the ongoing occupation of a rock riprap structure.

    39529* · Greater Wellington Regional
    130 mGranted
  3. 12 Apr 2024
    Land use

    Land Use: Earthworks in a flood hazard overlay for erosion protection structure

    545721 · Wellington City
    130 mGranted
  4. 2 Apr 2024
    Land use and subdivision

    Land Use and Subdivision: Residential development comprising 25 residential units, together with associated subdivision, earthworks, landscaping and servicing

    5452950.2 · Wellington City
    131 mGranted
  5. 2 Apr 2024
    Land use and subdivision

    Land Use and Subdivision: Residential development comprising 25 residential units, together with associated subdivision, earthworks, landscaping and servicing

    5452950.1 · Wellington City
    131 mGranted
  6. 10 Nov 2022
    Subdivision

    Change of Conditions to cancel an amalgamation condition

    524594 · Wellington City
    131 mGranted

Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents

Unclaimed
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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.

We do not hold flood maps for Wellington City yet.

Contaminated land

Councils keep registers of land used for activities on the Hazardous Activities and Industries List (HAIL) — service stations, timber treatment, orchards, landfills. A listing records how land was used, not that it is contaminated: most sites have never been tested.

Greater Wellington will send the file on a listed site on request; quote the site number.

Ask Greater Wellington Regional Council

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 Tawa

Wellington City
5,492
Properties on the rating roll
1 Sep 2024
Last council revaluation

Counts describe the records we hold for this territorial authority, not a market forecast. OwnBetter has no estimate for this property. Every council figure on this page can be checked against the council's own record.

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Agents active in Tawa

People whose office is within 5 km of Tawa, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.

Independent
Rakesh ChampaneriSalesperson
Project RealtyOffice in this suburbView profile →
Jean ChaneySalesperson
Collective First National TawaOffice in this suburbView profile →
Independent
Meow CheahBranch Manager
Harcourts TawaOffice in this suburbView profile →
Independent
Stephen LoaderAgent
Harcourts TawaOffice in this suburbView profile →
Jane MatherSalesperson
Collective First National TawaOffice in this suburbView profile →
Independent
Lauren MoultSalesperson
Harcourts TawaOffice in this suburbView profile →
Independent
Emma PeglerSalesperson
Harcourts TawaOffice in this suburbView profile →
David PoheSalesperson
Northern Real EstateOffice in this suburbView profile →
Independent
Michael Wynne-JonesAgent
Harcourts TawaOffice in this suburbView profile →
Ray White
Graham BarrAgent
Ray White PoriruaOffice 1.3 km awayView profile →
Ray White
Georgina BroughSalesperson
Ray White PoriruaOffice 1.3 km awayView profile →
Ray White
Lynette CalmanSalesperson
Ray White PoriruaOffice 1.3 km awayView profile →
Who sold the most in Tawa →
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