61 Nelson Street, Springlands
Blenheim · Marlborough District
Last sold Feb 2018
We estimate it would sell for $628,000 as at 5 October 2026, in a range of $537,000 to $715,000.
How we worked this out
| Council valuation, Jul 2023 | $610,000 |
|---|---|
| Market movement in Marlborough District since the council valuation | +0.7% |
| How Springlands sells against council values | +0.1% |
| Homes of this age in Springlands | +1.0% |
| Homes in this price range | +0.8% |
| Nearby recent sales (15) | +0.4% |
| Our estimate | $628,000 |
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.
Sign in to rate this property, keep private notes on it and record what you think it is worth. Only you see them.
Home expense estimates
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.
61 Nelson Street as a rental
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $605 | ||
| Property manager | ||
| Rent, 52 weeks | $31,460 | |
| 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 | $25,894 | |
| Interest $439,600 at 6.00%, interest only | −$26,376 | |
| Cash flow before tax | −$482 | |
| Cash flow a week | −$9 | |
| Gross / net yield on the price | 5.0% / 4.1% | |
| Return on equity cash flow on the deposit, before tax | −0.3% | |
| Loses money above this interest rate, before tax | 5.89% | |
The rent covers the interest at rates up to 5.89%. That is -0.3% a year on a $188k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area115 m²
- Decade built2010s
- Bedrooms3
- Bathrooms1
- Parking2 car spaces
- Property categoryUse not published
- CouncilMarlborough District
- Valuation #20520-54519
- Valuation date1 Jul 2023
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 number573116
- Title typeFreehold
- Estate descriptionFee Simple, 1/1, Lot 6 Deposited Plan 446770, 384 m2
- Legal descriptionLot 6 Deposited Plan 446770
- Land area384 m²
- Title issued11 Mar 2013
- Land districtMarlborough
Owners and the parties to each instrument are not published on this page. Order the record of title to see them.
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.
If it is yours, claiming it puts the council record, the title and what it costs you to hold in one place — and lets you put your lending, insurance and power out to people who compete for them.
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.
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 Marlborough District yet.
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 Springlands
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.
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
Claim it, then find everything else you own.
A single search across NZ property records finds other titles in your name and in companies you are a director of. Most owners find at least one they had forgotten was held somewhere else.