256A Annesbrook Drive, Wakatu
Also 1/256A Annesbrook Drive and 2/256A Annesbrook DriveNelson · Nelson City
Last sold Apr 2011
What is rental yield?
Gross rental yield is a year’s rent as a share of what the property is worth: $520 × 52 weeks = $27,040, against the council valuation of $470,000. It is before rates, insurance, maintenance, management and vacancies, so what an owner keeps (the net yield) is lower.
How we worked this out
| Evidence | Points to | Counted |
|---|---|---|
| 1 rental advertised nearby each adjusted to this property’s bedrooms and value | $543 | 1% |
| From its value what rentals in the area typically yield | $521 | 100% |
We read this property as a home with 3 bedrooms. Rentals advertised nearby count most when they are close, recent and alike; the more of them there are, the less the area’s bond figures count. Bond figures are rents agreed in new tenancies, from Tenancy Services, placed within the area by how this property’s council valuation compares with similar homes there.
| Address | Beds | Asked | As this one | When | Away |
|---|---|---|---|---|---|
| 5A Rainier Streetrealestate.co.nz ↗ | 1 | $500 | $543 | Oct 2026 | 3.2 km |
These are computer-generated guides only, not a rental appraisal.
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.
What it would cost to buy 256A Annesbrook Drive
CCB · special
KookminThe lowest rather than the highest is $91 less a fortnight — about $2,359 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$878/fn
ICBC4.65%s$894/fn
Bank of China4.68%s$898/fn
AIA New Zealand4.99%$930/fn
ANZ Bank New Zealand4.99%s$930/fn
ASB Bank4.99%$930/fn
Bank of Baroda4.99%$930/fn
Police Credit Union4.99%$930/fn
TSB Bank4.99%s$930/fn
Unity Credit Union4.99%s$930/fn
Kiwibank5.15%s$947/fn
Bank of New Zealand5.19%$951/fn
SBS Bank5.19%s$951/fn
The Co-operative Bank5.19%s$951/fn
Westpac New Zealand5.19%s$951/fn
First Credit Union5.29%s$962/fn- Kookmin Bank Auckland Branch5.35%$969/fn
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
256A Annesbrook Drive as a rental
| Line | ||
|---|---|---|
| Price Council valuation | ||
| Deposit | ||
| Interest rate 5.02% is today’s 1-year average | ||
| Rent a week our estimate $520 | ||
| Property manager | ||
| Rent, 52 weeks | $27,040 | |
| 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 | $22,256 | |
| Interest $329,000 at 5.02%, interest only | −$16,516 | |
| Cash flow before tax | +$5,740 | |
| Cash flow a week | +$110 | |
| Gross / net yield on the price | 5.8% / 4.7% | |
| Return on equity cash flow on the deposit, before tax | 4.1% | |
| Loses money above this interest rate, before tax | 6.76% | |
The rent covers the interest at rates up to 6.76%. That is 4.1% a year on a $141k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area170 m²
- Decade built1970s
- Bedrooms3
- Bathrooms1
- Property categoryUse not published
- CouncilNelson City
- Valuation #19680-23000-B
- 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 numbersNL5C/967, NL5C/965
- Title typeFreehold, plus a leasehold titleGuaranteedStandard registered title
- Estate descriptionFee Simple, 1/2, Lot 2 Deposited Plan 9773, 826 m2
- Legal descriptionFlat 2 Deposited Plan 10342; Lot 2 Deposited Plan 9773
- Shared land1/2 share of 826 m² common lot
- Title issued27 Mar 1979
- Land districtNelson
- Addresses on this property2
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 · 9 land use or subdivision consents within 250 m.
Within 250 m
- 5 Apr 2024Land use
Land use consent for an 8.7m high x 2.3m wide pylon sign advertising 16 tenancies and the Nelson Junction.
245076 · Nelson City190 mGranted - 15 Jan 2024Land use
Change of condition 1 of Resource Consent RM085213 as already varied by RM085213V1, V2, V3, V4, V5 & V6. NOTE: To be read in conjunction with land use RM245003
085213V7 · Nelson City190 mGranted - 15 Jan 2024Land use
To establish a supermarket within a previously consented building envelope/car parking footprint, and to erect associated signage, under Schedule N of the Industrial zone. NOTE: To be read in conjunction with land use consent RM085213V7
245003 · Nelson City190 mGranted - 7 Jun 2023Land use
Land use for earthworks exceeding 3.0m as part of retaining the building platform for stage 4. NOTE: To be read in conjunction with RM085213V6 change of conditions and RM085213X2 time extension.
235131 · Nelson City190 mGranted - 7 Jun 2023Land use
Change of conditions for resource consent RM085213 (as varied by RM085213V1 V2 V3 V4 & V5) - Large Format Retailing in accordance with Schedule N of the NRMP. NOTE: To be read in conjunction with RM235131 earthworks for amended stage 4 building platform and RM085213X2 to extend lapse date.
085213V6 · Nelson City190 mGranted - 7 Jun 2023Land use
Application under s125 to extend lapse date by another 5 years. NOTE: To be read in conjunction with RM085213V6 change of conditions and RM235131 for earthworks.
085213X2 · Nelson City190 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 Wakatu
Counts describe the records we hold for this territorial authority, not a market forecast. OwnBetter has no estimate for this property. Every council figure on this page can be checked against the council's own record.
Agents active in Wakatu
People whose office is within 5 km of Wakatu, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
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.