Estimate $1.28m – $1.62m
4
9 Quail Rise, Stoke
Title boundary · 151,557 m² · LINZ
Unclaimed
68 Somerset Terrace, Stoke
Nelson · Nelson City
Last sold Sept 2013
OwnBetter estimate
$1.64m
Medium confidence
We estimate it would sell for $1,640,000 as at 5 October 2026, in a range of $1,400,000 to $1,860,000.
Typical home in Stoke
$713k
The median of our estimates of its 5,717 homes
$1.4mLow
$1.64mEstimate
$1.68mCouncil value
$1.86mHigh
How we worked this out
| Council valuation, Sept 2024 | $1,680,000 |
|---|---|
| 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 | −3.5% |
| Land as a share of the value | +0.2% |
| Nearby recent sales (15) | −0.6% |
| Our estimate | $1,640,000 |
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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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 68 Somerset Terrace
Estimated repayments
$3,063
$1,312,000 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 $317 less a fortnight — about $8,233 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$3,063/fn
ICBC4.65%s$3,121/fn
Bank of China4.68%s$3,132/fn
AIA New Zealand4.99%$3,245/fn
ANZ Bank New Zealand4.99%s$3,245/fn
ASB Bank4.99%$3,245/fn
Bank of Baroda4.99%$3,245/fn
Police Credit Union4.99%$3,245/fn
Unity Credit Union4.99%s$3,245/fn
Kiwibank5.15%s$3,305/fn
Bank of New Zealand5.19%$3,320/fn
SBS Bank5.19%s$3,320/fn
The Co-operative Bank5.19%s$3,320/fn
TSB Bank5.19%s$3,320/fn
Westpac New Zealand5.19%s$3,320/fn
First Credit Union5.29%s$3,357/fn- Kookmin Bank Auckland Branch5.35%$3,380/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 68 Somerset Terrace. 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
68 Somerset Terrace as a rental
Rent estimate$975/wk$850–$1,120 · Little evidence
Gross yield3.1%$50,700 a year on $1.64m
Net yield2.5%After $8,970 of costs
Cash flow−$308/wk30% deposit, interest only at 5.03%
| Rent, 52 weeks | $50,700 |
|---|---|
| Empty between tenants 2 weeks | −$1,950 |
| Property management 9.2% incl. GST | −$4,485 |
| Maintenance 5% of rent | −$2,535 |
| Council rates this year | Not known |
| Landlord insurance the building | Not known |
| Net income before interest | $41,730 |
| Interest $1,148,000 at 5.03%, interest only | −$57,744 |
| Cash flow before tax | −$16,014 |
The rent covers the interest at rates up to 3.64%. That is -3.3% a year on a $492k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area139 m²
- Decade built2020s
- Bedrooms4
- Bathrooms2
- Parking1 car space
- Property categoryUse not published
- CouncilNelson City
- Valuation #19640-94575
- 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 number463928
- Title typeFreehold
- Estate descriptionFee Simple, 1/1, Lot 145 Deposited Plan 416583, 151,760 m2
- Land area151,557 m²
- Title issued7 Jul 2009
- Land districtNelson
Instruments on this title31 registered instrumentsEasement Instrument ×10 · Transfer and Grant of Easement ×8 · Transfer ×5 · Consent Notice under s221(4)(a) Resource Management Act 1991 ×3 · Easement Certificate · Mortgage · Partial Surrender of Easement · Variation of Covenant · Variation of Mortgage 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
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Building consents
Building work the council has consented on this property, newest first. 1 consent on record.
- 1 Mar 2020New$285,000 declared
Dwg
Consent 200032 · Nelson City
Resource consents
What the council has been asked to allow under the Resource Management Act. 5 on this property · 14 land use or subdivision consents within 250 m.
On this property
- 9 May 2024Land use
Undertake earthworks exceeding 4m excavation depth and 6m fill height, to construct a new debris deflection bund, which replaces a smaller existing bund, to enable residential development below the bund. (Read with RM245117 subdivision consent)
245118 · Nelson CityGranted - 9 May 2024Subdivision
Three lot subdivision of Lot 145 DP416583 (68 Somerset Tce), to create new residential Lot 1 (1250m2) and Lot 2 (1530m2 and balance rural lot 3 (14.88 Ha). (Read with land use RM245118)
245117 · Nelson CityGranted - 29 Nov 2019Land use
To undertake earthworks in the Land Management Overlay and Landscape Overlay for the purpose of forming a building platform. NOTE: This consent is only for a building platform and does not include additional earthworks for construction or upgrading of the access road to the platform or installation of any services.
195286 · Nelson CityGranted - 12 Jun 2019Land use
Resource Consent for earthworks in the Land Management Overlay to remediate unconsented earthworks undertaken to construct a building platform in the mouth of a gully.
195127 · Nelson CityGranted - Date not publishedReturned incomplete
Within 250 m
- 23 Apr 2025Land use
Land use consent to construct an outbuilding, for the purpose of operating a home occupation which involves the boarding of cats, and breaching the permitted earthworks standard in the Land Management Overlay.
255076 · Nelson City23 mGranted - 27 Nov 2024Land use
Land use consent for new dwelling that breaches daylight and excavation rules for associated retaining wall.
245310 · Nelson City203 mGranted - 16 Jun 2022Land use
To undertake earthworks and erect an engineered retaining wall within a Flood Overlay
225155 · Nelson City232 mGranted - 3 Nov 2021Land use
Construction of a single storey dwelling. The access requirements for the dwelling contravene the mandatory matters in the NTLDM as the first 6m of the driveway have a 1:5 gradient
215340 · Nelson City132 mGranted - 3 Nov 2021Land use
Amendment of Condition 2 of Consent Notice 9633179.2 to allow building of a 0.9m retaining wall within the Building Restriction Area (BRA).
215374 · Nelson City132 mGranted - 16 Jun 2021Land use
Change conditions 1 & 25 of Resource Consent RM185428 to alter the approved earthworks and building layout.
185428V1 · Nelson City218 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 Stoke
Nelson City
6,398
Properties on the rating roll
10 Jun 2026
Last council revaluation
Buyer demand
5 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
Independent
Nicola RyanAgent
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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