Estimate $1.41m – $1.87m
5
1 Heemskerck Place, Britannia Heights
Title boundary · 1,144 m² · LINZ
Unclaimed
18 Commodore Place, Britannia Heights
Nelson · Nelson City
Last sold Jul 2010
Rent estimate · 11 Oct 2026
$960 – $1,270/week
Most likely about $1,100 a week · Little evidence: a rough guide
Estimated rental yield
2.7%
What is rental yield?
Gross rental yield is a year’s rent as a share of what the property is worth: $1,100 × 52 weeks = $57,200, against our estimate of $2,090,000. It is before rates, insurance, maintenance, management and vacancies, so what an owner keeps (the net yield) is lower.
How we worked this out
| Evidence | Points to | Counted |
|---|---|---|
| 1 rental advertised nearby each adjusted to this property’s bedrooms and value | $1,510 | 1% |
| From its value what rentals in the area typically yield | $1,099 | 99% |
We read this property as a house with 5 bedrooms. 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.
Rentals it leaned on
| Address | Beds | Asked | As this one | When | Away |
|---|---|---|---|---|---|
| 5A Rainier Streetrealestate.co.nz ↗ | 1 | $500 | $1,510 | Oct 2026 | 4.2 km |
These are computer-generated guides only, not a rental appraisal.
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
18 Commodore Place as a rental
Rent estimate$1,100/wk$960–$1,270 · Little evidence
Gross yield2.7%$57,200 a year on $2.15m
Net yield2.2%After $10,120 of costs
Cash flow−$831/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Council valuation | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $1,100 | ||
| Property manager | ||
| Rent, 52 weeks | $57,200 | |
| 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 | $47,080 | |
| Interest $1,505,000 at 6.00%, interest only | −$90,300 | |
| Cash flow before tax | −$43,220 | |
| Cash flow a week | −$831 | |
| Gross / net yield on the price | 2.7% / 2.2% | |
| Return on equity cash flow on the deposit, before tax | −6.7% | |
| Loses money above this interest rate, before tax | 3.13% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 3.13%. That is -6.7% a year on a $645k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area254 m²
- Decade built2010s
- Bedrooms5
- Bathrooms3
- Parking2 car spaces
- Property categoryUse not published
- CouncilNelson City
- Valuation #19700-15410
- 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 number85523
- Title typeFreehold
- Legal descriptionLot 96 Deposited Plan 321436
- Land area1,145 m²
Registered instruments0 registered instruments on this title 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. 2 on this property · 11 land use or subdivision consents within 250 m.
On this property
- 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 CityGranted - 31 Jul 2015Land use
Construction of a new dwelling which breaches earthworks and associated rules relating to retaining walls and front yards.
155246 · Nelson CityGranted
Within 250 m
- 12 Aug 2024Land use
Subdivision boundary adjustment between 1 Atarau Way - Lot 11 DP 16657 and 24 Rangiora Tce - Lot 10 DP 6368.
245206 · Nelson City203 mGranted - 19 Jul 2023Land use
Consent to authorise a second residential unit on the site, with shared outdoor living areas.
235171 · Nelson City56 mGranted - 10 Feb 2021Land use
To change condition 1 & 2 of RM195323 to allow for a redesign of the dwelling with the key change being the extension of the upper floor to the East and North
195323V2 · Nelson City48 mGranted - 3 Jan 2020Land use
To construct a new dwelling which breaches daylight admissions and boundary setback rules, earthworks and access rules.
195323 · Nelson City48 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 City235 mGranted - 10 Sep 2018Land use
Construction of a new dwelling breaching front yard, fences, daylight admission, decks, access and earthworks rules.
185327 · Nelson City48 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 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
464
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 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.
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Kathleen BradleyAgent
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Janice EmerySalesperson
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Carolyn RocheSalesperson
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Revti VermaSalesperson
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