Estimate $729k – $924k
2
66D Tasman Street, The Wood
Title boundary · 338 m² · LINZ
Unclaimed
3 Highgrove Way, The Wood
Nelson · Nelson City
Last sold Dec 2021
What you’ll love about this place
- About 40 m from a river
From LINZ's topographic maps: how near the land comes to the water's edge.
OwnBetter estimate
$782k
Medium confidence
We estimate it would sell for $782,000 as at 5 October 2026, in a range of $702,000 to $889,000.
Typical home in The Wood
$736k
The median of our estimates of its 1,219 homes
$702kLow
$782kEstimate
$820kCouncil value
$889kHigh
How we worked this out
| Council valuation, Sept 2024 | $820,000 |
|---|---|
| Market movement in Nelson City since the council valuation | −0.9% |
| Apartments and houses in Nelson City | −0.1% |
| How The Wood sells against council values | −1.9% |
| Homes of this age in The Wood | −0.6% |
| Homes in this price range | +0.1% |
| Land as a share of the value | +0.2% |
| Nearby recent sales (15) | +0.1% |
| Its own sale in 2021 | −1.6% |
| Our estimate | $782,000 |
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.
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 3 Highgrove Way
Estimated repayments
$1,457
$624,000 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 · specialAverage5.02%
Highest5.35%
Kookmin
KookminThe lowest rather than the highest is $151 less a fortnight — about $3,916 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$1,457/fn
ICBC4.65%s$1,484/fn
Bank of China4.68%s$1,490/fn
AIA New Zealand4.99%$1,544/fn
ANZ Bank New Zealand4.99%s$1,544/fn
ASB Bank4.99%$1,544/fn
Bank of Baroda4.99%$1,544/fn
Police Credit Union4.99%$1,544/fn
TSB Bank4.99%s$1,544/fn
Unity Credit Union4.99%s$1,544/fn
Kiwibank5.15%s$1,572/fn
Bank of New Zealand5.19%$1,579/fn
SBS Bank5.19%s$1,579/fn
The Co-operative Bank5.19%s$1,579/fn
Westpac New Zealand5.19%s$1,579/fn
First Credit Union5.29%s$1,597/fn- Kookmin Bank Auckland Branch5.35%$1,607/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 3 Highgrove Way. 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
3 Highgrove Way as a rental
Rent estimate$670/wk$580–$770 · Little evidence
Gross yield4.5%$34,840 a year on $782k
Net yield3.7%After $6,164 of costs
Cash flow+$23/wk30% deposit, interest only at 5.02%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate 5.02% is today’s 1-year average | ||
| Rent a week our estimate $670 | ||
| Property manager | ||
| Rent, 52 weeks | $34,840 | |
| 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 | $28,676 | |
| Interest $547,400 at 5.02%, interest only | −$27,479 | |
| Cash flow before tax | +$1,197 | |
| Cash flow a week | +$23 | |
| Gross / net yield on the price | 4.5% / 3.7% | |
| Return on equity cash flow on the deposit, before tax | 0.5% | |
| Loses money above this interest rate, before tax | 5.24% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 5.24%. That is 0.5% a year on a $235k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area120 m²
- Decade built1990s
- Bedrooms2
- Bathrooms1
- Parking1 car space
- Property categoryUse not published
- CouncilNelson City
- Valuation #19790-72903
- 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 numberNL11A/125
- Title typeFreeholdGuaranteed
- Estate descriptionFee Simple, 1/1, Lot 3 Deposited Plan 16762, 338 m2
- Land area338 m²
- Title issued8 Jul 1994
- Land districtNelson
Registered instruments7 registered instruments on this titleTransfer and Grant of Easement ×3 · Easement Certificate ×2 · Covenant (All types except Land covenants) · Partial Surrender 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.
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
- 9 Dec 2024Land use
Land use consent to undertake earthworks in the Inundation Overlay and in the vicinity of an archaeological site and establish a loading zone that does not comply with parking dimensions, associated with the redevelopment of the Millers Acre carpark into a Bus Interchange for the Nelson Bus Service.
245292 · Nelson City235 mGranted - 20 May 2024Land use
Land use consent for alterations to a Group B Heritage dwelling located in the Elliot Street Heritage Precinct. The alterations involve the installation of new French doors along the northern (street fronting) facade of the dwelling.
245126 · Nelson City94 mGranted - 9 Feb 2024Subdivision
Subdivision boundary adjustment of lots 1-4 DP 535083 within the Inner City (Fringe) Zone, to allow a change of build design from three standalone townhouses to a triplex of attached townhouses. This consent decision should be read in conjunction with RM245092
245025 · Nelson City225 mGranted - 9 Feb 2024Land use
Land Use consent to construct a triplex of attached townhouses with breaches of NRMP rules in relation to daylight admission standards, outdoor living court dimensions, and setback distances from the residential zone. This consent decision should be read in conjunction with RM245025
245092 · Nelson City225 mGranted - 24 Jul 2023Land use
To demolish an existing garage on the site of a Heritage B building and rebuild as a home office that breaches daylight admission and a small extension to the main dwelling that breaches set back rules. (related to BC230373)
235177 · Nelson City130 mGranted - 31 May 2022Land use
To establish signage within the Inner City Zone which exceeds 30% wall coverage and breaches permitted location and design standards.
225127 · Nelson City235 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 The Wood
Nelson City
1,366
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 The Wood
People whose office is within 5 km of The Wood, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Independent
Libby BollandSalesperson
Independent
Wendy LindbomSalesperson
Independent
Bradley AllamSalesperson
Independent
Geoffrey FaulknerAgent
George BenbowSalesperson
Guillaume BoshoffSalesperson
Tanea CollierSalesperson
Bevan DixonSalesperson
Paul EmerySalesperson
Andrew FollowsSalesperson
Mary Garrett-SelwynSalesperson
Stewart HenryAgent
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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