Estimate $1.02m – $1.29m
3
3 Windsor Drive, Britannia Heights
Title boundary · 718 m² · LINZ
Unclaimed
1 Commodore Place, Britannia Heights
Nelson · Nelson City
Last sold Nov 2024
OwnBetter estimate
$1.14m
Medium confidence
We estimate it would sell for $1,140,000 as at 5 October 2026, in a range of $1,020,000 to $1,300,000.
Typical home in Britannia Heights
$1.27m
The median of our estimates of its 415 homes
$1.02mLow
$1.14mEstimate
$1.19mCouncil value
$1.3mHigh
How we worked this out
| Council valuation, Sept 2024 | $1,190,000 |
|---|---|
| Market movement in Nelson City since the council valuation | −0.9% |
| Apartments and houses in Nelson City | −0.1% |
| How Britannia Heights sells against council values | −0.8% |
| Homes of this age in Britannia Heights | −1.0% |
| Homes in this price range | −1.5% |
| Land as a share of the value | −0.1% |
| Nearby recent sales (15) | −1.1% |
| Its own sale in 2024 | +1.1% |
| Our estimate | $1,140,000 |
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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Sign in for the free reportHome 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.
Home loan
Every rate from 36 lenders →What it would cost to buy 1 Commodore Place
Estimated repayments
$2,129
$912,000 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
CCB · specialAverage5.03%
Highest5.35%
Kookmin
KookminThe lowest rather than the highest is $220 less a fortnight — about $5,723 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$2,129/fn
ICBC4.65%s$2,169/fn
Bank of China4.68%s$2,177/fn
AIA New Zealand4.99%$2,256/fn
ANZ Bank New Zealand4.99%s$2,256/fn
ASB Bank4.99%$2,256/fn
Bank of Baroda4.99%$2,256/fn
Police Credit Union4.99%$2,256/fn
Unity Credit Union4.99%s$2,256/fn
Kiwibank5.15%s$2,297/fn
Bank of New Zealand5.19%$2,308/fn
SBS Bank5.19%s$2,308/fn
The Co-operative Bank5.19%s$2,308/fn
TSB Bank5.19%s$2,308/fn
Westpac New Zealand5.19%s$2,308/fn
First Credit Union5.29%s$2,334/fn- Kookmin Bank Auckland Branch5.35%$2,349/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 1 Commodore Place. 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 Commodore Place as a rental
Rent estimate$810/wk$700–$930 · Little evidence
Gross yield3.7%$42,120 a year on $1.14m
Net yield3.0%After $7,452 of costs
Cash flow−$105/wk30% deposit, interest only at 5.03%
| Rent, 52 weeks | $42,120 |
|---|---|
| Empty between tenants 2 weeks | −$1,620 |
| Property management 9.2% incl. GST | −$3,726 |
| Maintenance 5% of rent | −$2,106 |
| Council rates this year | Not known |
| Landlord insurance the building | Not known |
| Net income before interest | $34,668 |
| Interest $798,000 at 5.03%, interest only | −$40,139 |
| Cash flow before tax | −$5,471 |
The rent covers the interest at rates up to 4.34%. That is -1.6% a year on a $342k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area244 m²
- Decade built2000s
- Bedrooms3
- Bathrooms2
- Parking2 car spaces
- Property categoryUse not published
- CouncilNelson City
- Valuation #19700-15254
- 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 numberNL13A/683
- Title typeFreehold
- Estate descriptionFee Simple, 1/1, Lot 36 Deposited Plan 19583, 719 m2
- Land area718 m²
- Title issued24 Aug 1999
- Land districtNelson
Instruments on this title2 registered instrumentsConsent Notice under s221(4)(a) Resource Management Act 1991 · Transfer 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
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. None on this property · 10 land use or subdivision consents within 250 m.
Within 250 m
- 19 Jul 2023Land use
Consent to authorise a second residential unit on the site, with shared outdoor living areas.
235171 · Nelson City232 mGranted - 9 May 2023Land use
Land use consent to undertake earthworks, to construct an unformed access to the existing dams above the Maire Stream.
235103 · Nelson City238 mGranted - 30 Mar 2023Land use
Soil disturbance in relation to construction of an infinity pool and timber deck in the front yard, with fencing exceeding permitted height and a deck not meeting required set back.
235065 · Nelson City223 mGranted - 17 Aug 2022109 mGranted
- 11 Sep 2019Land use
To construct a new dwelling with internal access garage breaching Front Yard.s
195180 · Nelson City182 mGranted - 9 Apr 2019Land use
Construction of a residential dwelling with garage in the front yard and vehicle access within 7.5m of the nearest adjacent access
195057 · Nelson City211 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.
We do not hold flood maps for Nelson 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.
Nelson City Council records these on the LIM; it will say more about a listed site on request.
Ask Nelson City CouncilWhat 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 Britannia Heights
Nelson City
450
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. 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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Agents active in Britannia Heights
People whose office is within 5 km of Britannia Heights, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Independent
Kathleen BradleyAgent
Independent
Janice EmerySalesperson
Independent
Carolyn RocheSalesperson
Independent
Revti VermaSalesperson
Independent
Katherine WebsterSalesperson
Independent
Manoli AerakisSalesperson
Independent
Boris BabicSalesperson
Independent
Dylan CampbellSalesperson
Independent
Katarina CampbellAgent
Independent
Susanne GuhlAgent
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Helen RustonSalesperson
George BenbowSalesperson
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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