Offers Over $510,000
3 1 2
Great starter - fantastic garage
32 Hobson Street, Feilding
Property Brokers
Aerial · LINZ aerial
Unclaimed
132 Lethbridge Street, Feilding
Manawatu District
Enquiries Over $499,000
- 3
- 1
- 2
- 90m²
- 744 m²
- House
Lockwood Charm - Great Value & Big Backyard!
If you are looking for great value and a tidy home with outdoor space, then this 1970s Lockwood is a must-see!
Set on a generous 744m2 (more or less) section, this three-bedroom home has recently been refreshed with new carpet, new vinyl, fresh paint and other improvements, giving you a great starting point to move in and enjoy.
The sunny separate lounge features a brand-new heat pump and sliding doors opening onto a new deck, creating a lovely spot to relax and enjoy the outdoors. The combined kitchen and dining area offers good storage and some updated cabinetry, providing a practical space for everyday living.
All three bedrooms include built-in wardrobes. The main bathroom features a bath and separate shower, while the separate toilet and laundry add to the convenience.
Outside is where you will really appreciate the space! The fully fenced side yard and backyard offer plenty of room for children, pets and entertaining, with good-sized lawns, planter boxes, a gazebo and some new fencing. There's also scope to add your own touches and enhance further.
Parking is well catered for with a separate large single garage, extra-long carport and additional off-street parking.
Enjoying a private setting, the location is handy to local shops, public transport, Rimu Park, Ruahine Makino Kindergarten and Feilding town centre. Zoned for Feilding High School, with Palmerston North an easy drive away.
Whether you are a first-home buyer looking to get onto the property ladder, an investor seeking an opportunity or simply wanting a home with a generous backyard, this property deserves your attention.
Great value, plenty of space and an opportunity not to be missed!
Call Angela Martin or Nicole Doidge today to arrange your private viewing, or we will see you at the open home.
All information contained herein is gathered from relevant third parties sources. We cannot guarantee or give any warranty about the information provided. Interested parties must rely solely on their own enquiries.
Open homes 1
Sun, 15 Nov11:00 am – 11:30 am
Added to OwnBetter 11 Nov 2026
OwnBetter estimate
$502k
Medium confidence
We estimate it would sell for $502,000 as at 5 October 2026, in a range of $450,000 to $571,000.
Typical home in Feilding
$575k
The median of our estimates of its 5,997 homes
$450kLow
$500kCouncil value
$502kEstimate
$571kHigh
How we worked this out
| Council valuation, Jul 2025 | $500,000 |
|---|---|
| Market movement in Manawatu District since the council valuation | ±0.0% |
| How Feilding sells against council values | −0.1% |
| Homes of this age in Feilding | −0.3% |
| Homes in this price range | +0.1% |
| Land as a share of the value | −0.1% |
| Nearby recent sales (15) | +0.6% |
| Its own sale in 2019 | +0.2% |
| Our estimate | $502,000 |
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
132 Lethbridge Street as a rental
Rent estimate$540/wk$470–$620 · Little evidence
Gross yield5.6%$28,080 a year on $502k
Net yield4.6%After $4,968 of costs
Cash flow+$39/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $540 | ||
| Property manager | ||
| Rent, 52 weeks | $28,080 | |
| 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 | $23,112 | |
| Interest $351,400 at 6.00%, interest only | −$21,084 | |
| Cash flow before tax | +$2,028 | |
| Cash flow a week | +$39 | |
| Gross / net yield on the price | 5.6% / 4.6% | |
| Return on equity cash flow on the deposit, before tax | 1.3% | |
| Loses money above this interest rate, before tax | 6.58% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 6.58%. That is 1.3% a year on a $151k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area90 m²
- Land area744 m²
- Decade built1970s
- Bedrooms3
- Bathrooms1
- Parking2 car spaces
- Property categoryUse not published
- CouncilManawatu District
- Valuation #14061-13900
- Valuation date1 Jul 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 numberWN35A/141
- Title typeFreehold
- Legal descriptionLot 7 Deposited Plan 40984
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.
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What claiming gets you
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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 Feilding
Manawatu District
7,002
Properties on the rating roll
10 Jun 2026
Last council revaluation
Buyer demand
7 people looked at properties in Feilding 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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