Title boundary · 696 m² · LINZ
Unclaimed

139 Waimea Road, Nelson South

Nelson · Nelson City

Last sold Oct 2011

House, Nelson
Heritage listCategory 2 historic place

House

List No. 1590Built 1938–1953Listed 1982

The circa 1938 house at 139 Waimea Road has architectural value because it is a representative example of a weatherboard English Cottage style state house from the period, in an area of Nelson characterised by its mid-twentieth century state housing. It has local historic and social importance as one of Nelson’s earliest group of state houses built under the first Labour government’s prolific scheme.

Read the entry on the Heritage List →

Photo: John Warren, 2010, © John Warren

OwnBetter estimate
$602k
Medium confidence

We estimate it would sell for $602,000 as at 5 October 2026, in a range of $515,000 to $685,000.

Typical home in Nelson South
$597k
The median of our estimates of its 1,684 homes
How we worked this out
Council valuation, Sept 2024$620,000
Market movement in Nelson City since the council valuation−0.9%
Apartments and houses in Nelson City−0.1%
How Nelson South sells against council values−0.7%
Homes of this age in Nelson South+0.2%
Homes in this price range−0.1%
Land as a share of the value−0.1%
Nearby recent sales (15)−1.2%
Our estimate$602,000

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.

My notes
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What it costs to live here

Home expense estimates

Mortgage: open the section
$2,429a month, all in

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

What it would cost to buy 139 Waimea Road

Every rate from 36 lenders →
Estimated repayments
$1,121
$480,000 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
Average5.03%
Highest5.35%Kookmin

The lowest rather than the highest is $116 less a fortnight — about $3,012 over the 1 year.

All 17 lenders at 1 year fixed
  • China Construction Bank4.49%s$1,121/fn
  • ICBC4.65%s$1,142/fn
  • Bank of China4.68%s$1,146/fn
  • AIA New Zealand4.99%$1,187/fn
  • ANZ Bank New Zealand4.99%s$1,187/fn
  • ASB Bank4.99%$1,187/fn
  • Bank of Baroda4.99%$1,187/fn
  • Police Credit Union4.99%$1,187/fn
  • Unity Credit Union4.99%s$1,187/fn
  • Kiwibank5.15%s$1,209/fn
  • Bank of New Zealand5.19%$1,215/fn
  • SBS Bank5.19%s$1,215/fn
  • The Co-operative Bank5.19%s$1,215/fn
  • TSB Bank5.19%s$1,215/fn
  • Westpac New Zealand5.19%s$1,215/fn
  • First Credit Union5.29%s$1,228/fn
  • Kookmin Bank Auckland Branch5.35%$1,237/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 139 Waimea Road. 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

139 Waimea Road as a rental

Rent estimate$590/wk$510–$680 · Little evidence
Gross yield5.1%$30,680 a year on $602k
Net yield4.2%After $5,428 of costs
Cash flow+$78/wk30% deposit, interest only at 5.03%
Line
Price Our estimate
Deposit
Interest rate 5.03% is today’s 1-year average
Rent a week our estimate $590
Property manager
Rent, 52 weeks$30,680
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$25,252
Interest $421,400 at 5.03%, interest only−$21,196
Cash flow before tax+$4,056
Cash flow a week+$78
Gross / net yield on the price5.1% / 4.2%
Return on equity cash flow on the deposit, before tax2.2%
Loses money above this interest rate, before tax5.99%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 5.99%. That is 2.2% a year on a $181k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area101 m²
  • Decade built1930s
  • Bedrooms2
  • Bathrooms1
  • Parking1 car space
  • Property categoryUse not published
  • CouncilNelson City
  • Valuation #19750-42000
  • 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 numberNL5C/363
  • Title typeFreehold
  • Estate descriptionFee Simple, 1/1, Lot 9 Deposited Plan 4311, 698 m2
  • Land area696 m²
  • Title issued6 Sep 1978
  • Land districtNelson
Registered instruments3 registered instruments on this titleBuilding Line Restriction · Mortgage · Transfer Only routine instruments registered 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 · 15 land use or subdivision consents within 250 m.

Within 250 m

  1. 26 Mar 2025
    Subdivision

    Changes to conditions 1, 3, 4, 7, 8, 17, 18, 18, 22, 23, and 25(a) and (b) and cancel conditions 6 and 24 of resource consent RM235135 (five lot subdivision) (Read with RM235236V1)

    235135V1 · Nelson City
    156 mGranted
  2. 26 Mar 2025
    Land use

    Changes to conditions 1, 3, 4, 5, 6, and 7 of resource consent RM235136 (four unit CHD). (Read with RM235235V1)

    235136V1 · Nelson City
    156 mGranted
  3. 25 Sep 2024
    Land use

    Land use consent to undertake works within the root protection zone of six heritage trees, for access formation associated with subdivision consent RM245244.

    245245 · Nelson City
    230 mGranted
  4. 25 Sep 2024
    Subdivision

    Undertake a 3 lot subdivision (Pt Lot 1 DP 2733, Lot 1200 DP 4315, Lot 19 DP 4315 and Lot 2 DP 450180) that breaches minimum lot size and Right of Way width requirements.

    245244 · Nelson City
    230 mGranted
  5. 14 Jun 2023
    Subdivision

    Subdivision of Lot 2 DP 4321 into five residential allotments, as part of comprehensive housing development which does not comply with minimum net site area, minimum allotment sizes, access and sight distance requirements of the Nelson Tasman Land Development Manual 2020. NOTE: To be read in conjunction with RM235136 land use and RM235139 NESCS

    235135 · Nelson City
    156 mGranted
  6. 14 Jun 2023
    Land use

    Land use consent for a Comprehensive Housing Development creating 4 units that do not comply with Minimum Net Site Area, Outdoor Living Courts, and Daylight admission. To undertake earthworks for the site access that exceed maximum depth and require retaining wall structure and associated fencing in close proximity to the south eastern boundary. NOTE: To be read in conjunction with RM235135 subdivision and RM235139 NESCS

    235136 · Nelson City
    156 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 Council

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 Nelson South

Nelson City
2,010
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 Nelson South

People whose office is within 5 km of Nelson South, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.

Independent
Manoli AerakisSalesperson
KC & CO. Real EstateOffice 80 m awayView profile →
Independent
Boris BabicSalesperson
KC & CO. Real EstateOffice 80 m awayView profile →
Independent
Dylan CampbellSalesperson
KC & CO. Real EstateOffice 80 m awayView profile →
Independent
Katarina CampbellAgent
Cavallo Real EstateOffice 80 m awayView profile →
Independent
Susanne GuhlAgent
KC & CO. Real EstateOffice 80 m awayView profile →
Independent
Helen RustonSalesperson
KC & CO. Real EstateOffice 80 m awayView profile →
Kim AllredSalesperson
First National Connect LimitedOffice 260 m awayView profile →
Penelope RollstonAgent
First National Connect LimitedOffice 260 m awayView profile →
George BenbowSalesperson
Summit Real Estate Limited NelsonOffice 270 m awayView profile →
Guillaume BoshoffSalesperson
Summit Real Estate Limited NelsonOffice 270 m awayView profile →
Tanea CollierSalesperson
Summit Real Estate Limited NelsonOffice 270 m awayView profile →
Bevan DixonSalesperson
Summit Real Estate Limited NelsonOffice 270 m awayView profile →
Who sold the most in Nelson South →

The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.

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