Finding a picture…
Estimate $395k – $525k
1
239/49 Covent Drive, Stoke
Shared parcel · 49,449 m² · LINZ
Unclaimed
238/49 Covent Drive, Stoke
Nelson · Nelson City
OwnBetter estimate
$462k
Medium confidence
We estimate it would sell for $462,000 as at 5 October 2026, in a range of $395,000 to $525,000.
Typical home in Stoke
$713k
The median of our estimates of its 5,717 homes
$395kLow
$450kCouncil value
$462kEstimate
$525kHigh
How we worked this out
| Council valuation, Sept 2024 | $450,000 |
|---|---|
| Market movement in Nelson City since the council valuation | −0.9% |
| Apartments and houses in Nelson City | −0.1% |
| How Stoke sells against council values | +1.3% |
| Homes of this age in Stoke | +1.0% |
| Homes in this price range | +0.9% |
| Land as a share of the value | +0.2% |
| Nearby recent sales (15) | +0.3% |
| Our estimate | $462,000 |
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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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
238/49 Covent Drive as a rental
Rent estimate$510/wk$440–$590 · Little evidence
Gross yield5.7%$26,520 a year on $462k
Net yield4.7%After $4,692 of costs
Cash flow+$47/wk30% deposit, interest only at 6.00%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $510 | ||
| Property manager | ||
| Rent, 52 weeks | $26,520 | |
| Empty between tenants 2 weeks | ||
| Property management 9.2% incl. GST | ||
| Maintenance 5% of rent | ||
| Council rates this year | ||
| Landlord insurance the building | ||
| Body corporate levy operating levy | ||
| Net income before interest | $21,828 | |
| Interest $323,400 at 6.00%, interest only | −$19,404 | |
| Cash flow before tax | +$2,424 | |
| Cash flow a week | +$47 | |
| Gross / net yield on the price | 5.7% / 4.7% | |
| Return on equity cash flow on the deposit, before tax | 1.7% | |
| Loses money above this interest rate, before tax | 6.75% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 6.75%. That is 1.7% a year on a $139k deposit. We don’t know this unit’s body corporate levy yet: type it in, or ask the agent for the disclosure statement. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area45 m²
- Decade built2010s
- Bedrooms1
- Bathrooms1
- Parking1 car space
- Property categoryUse not published
- CouncilNelson City
- Valuation #19630-70300-UE
- 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 number897016
- Title typeUnit TitleGuaranteed
- Estate descriptionStratum in Freehold, 1/1, Principal Unit 238 Deposited Plan 438056
- Title issued20 Dec 2019
- Land districtNelson
Registered instruments2 registered instruments on this title, 14 on the buildingEasement Instrument ×8 · Consent Notice under s221(4)(a) Resource Management Act 1991 · Mortgage · Retirement Villages Act 2003 - Notification of Registration of a Retirement Village - s22 · Transfer · Transfer and Grant of Easement · Unit Titles Act 2010 - Assessment of ownership interests - s32(2)(b) & (3)(b) · Variation of Easement 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.
Unclaimed
Nobody is tracking this property yet
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.
Free. Takes about a minute.
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.
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.
The hazard maps could not be read just now.
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 Stoke
Nelson City
6,538
Properties on the rating roll
10 Jun 2026
Last council revaluation
Buyer demand
11 people looked at properties in Stoke this week.
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 Stoke
People whose office is within 5 km of Stoke, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Bruce BattySalesperson
Tracy BeerSalesperson
Independent
Jacquelyn BestSalesperson
Christine FergusonSalesperson
Michael FoxSalesperson
Callum GilchristBranch Manager
Independent
Cleo HodgsonSalesperson
Independent
Aaron McCraeAgent
Timothy McQuadeBranch Manager
Allister NalderAgent
Paul NicollSalesperson
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Nicola RyanAgent
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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