331 Princes Drive, Britannia Heights
Nelson · Nelson City
Last sold Feb 2021
We estimate it would sell for $1,610,000 as at 5 October 2026, in a range of $1,450,000 to $1,830,000.
How we worked this out
| Council valuation, Sept 2024 | $1,730,000 |
|---|---|
| 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 | −3.5% |
| Land as a share of the value | +0.2% |
| Nearby recent sales (15) | −1.1% |
| Its own sale in 2021 | +0.2% |
| Our estimate | $1,610,000 |
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.
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.
331 Princes Drive as a rental
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $965 | ||
| Property manager | ||
| Rent, 52 weeks | $50,180 | |
| 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 | $41,302 | |
| Interest $1,127,000 at 6.00%, interest only | −$67,620 | |
| Cash flow before tax | −$26,318 | |
| Cash flow a week | −$506 | |
| Gross / net yield on the price | 3.1% / 2.6% | |
| Return on equity cash flow on the deposit, before tax | −5.4% | |
| Loses money above this interest rate, before tax | 3.66% | |
The rent covers the interest at rates up to 3.66%. That is -5.4% a year on a $483k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area277 m²
- Decade built2000s
- Bedrooms5
- Bathrooms3
- Parking2 car spaces
- Property categoryUse not published
- CouncilNelson City
- Valuation #19700-15220
- 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 numberNL9B/800
- Title typeFreeholdGuaranteedStandard registered title
- Estate descriptionFee Simple, 1/1, Lot 20 Deposited Plan 14687, 1,042 m2
- Legal descriptionLot 20 Deposited Plan 14687
- Land area1,041 m²
- Title issued22 Nov 1990
- Land districtNelson
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.
Resource consents
What the council has been asked to allow under the Resource Management Act. None on this property · 11 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 City218 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 City154 mGranted - 29 Jul 2022Land use
Retrospective resource consent for earthworks to construct four retaining walls (landscaping) up to 1.5m in height, at 318 Princes Drive. (Read with RM235210)
215339 · Nelson City214 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 City133 mGranted - 3 Jan 2020Land use
To construct a new dwelling which breaches daylight admissions and boundary setback rules, earthworks and access rules.
195323 · Nelson City133 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 City223 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
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 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
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.
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.
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.