Deadline Sale
3 1
Deadline sale Wed, 25 Nov
An affordable opportunity to add value
54 Miro Drive, Murupara
Bayleys Rotorua
1 / 15
Unclaimed
33 Pine Drive, Murupara
Whakatane District
$259,000
- 3
- 1
- 1
- 100m²
- 677 m²
- House
- 1 Lounge
- 1 Garage
- Roof
- Corrugated Iron
- Exterior
- Weatherboard
Central Murupara location with new kitchen
If you're looking for a first home or investment, this could be the right fit for you. With a tidy tenant, this three bedroom weatherboard home is currently renting at $400pw and is Healthy Homes Compliant. On a fully fenced site, the property has a single garage, and plenty of space for kids and pets. A winning feature is the new kitchen, complete with an under-bench oven, and dishwasher for convenience at mealtimes. The bathroom has an extractor fan, and a shower dome to minimise steam and condensation. A generous living area includes an inbuilt wood burner for winter coziness, and to keep the entire house warm and dry. The location is super convenient, with the shops and most facilities directly opposite, and a short walk for kids to get to school. Contact Fiona on 0276773646 for a viewing.
Added to OwnBetter 25 Oct 2026
OwnBetter estimate
$177k
Medium confidence
We estimate it would sell for $177,000 as at 5 October 2026, in a range of $159,000 to $202,000.
Typical home in Murupara
$178k
The median of our estimates of its 670 homes
$159kLow
$177kEstimate
$190kCouncil value
$202kHigh
How we worked this out
| Council valuation, Aug 2025 | $190,000 |
|---|---|
| Market movement in Whakatane District since the council valuation | −1.6% |
| Apartments and houses in Whakatane District | −0.2% |
| How Murupara sells against council values | −3.3% |
| Homes of this age in Murupara | −1.8% |
| Homes in this price range | −0.2% |
| Land as a share of the value | −0.3% |
| Nearby recent sales (15) | −1.7% |
| Its own sale in 2023 | +2.5% |
| Our estimate | $177,000 |
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
33 Pine Drive as a rental
Rent estimate$410/wk$350–$470 · Little evidence
Gross yield12.0%$21,320 a year on $177k
Net yield9.9%After $3,772 of costs
Cash flow+$195/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $410 | ||
| Property manager | ||
| Rent, 52 weeks | $21,320 | |
| 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 | $17,548 | |
| Interest $123,900 at 6.00%, interest only | −$7,434 | |
| Cash flow before tax | +$10,114 | |
| Cash flow a week | +$195 | |
| Gross / net yield on the price | 12.0% / 9.9% | |
| Return on equity cash flow on the deposit, before tax | 19.0% | |
| Loses money above this interest rate, before tax | 14.16% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 14.16%. That is 19.0% a year on a $53k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area100 m²
- Land area678 m²
- Decade built1950s
- Bedrooms3
- Bathrooms1
- Parking1 car space
- Property categoryUse not published
- CouncilWhakatane District
- Valuation #7270-43900
- Valuation date1 Aug 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 numberSA37B/569
- Title typeFreehold
- Legal descriptionLot 142 Deposited Plan South Auckland 4889
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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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 Murupara
Whakatane District
792
Properties on the rating roll
1 Aug 2025
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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