2 Abraham Heights, Washington Valley
Also 79 Quebec RoadNelson · Nelson City
Last sold Dec 2020
We estimate it would sell for $525,000 as at 5 October 2026, in a range of $471,000 to $597,000.
How we worked this out
| Council valuation, Sept 2024 | $510,000 |
|---|---|
| Market movement in Nelson City since the council valuation | −0.9% |
| Apartments and houses in Nelson City | +1.4% |
| How Washington Valley sells against council values | +0.1% |
| Homes of this age in Washington Valley | +0.4% |
| Homes in this price range | +1.5% |
| Land as a share of the value | +0.2% |
| Nearby recent sales (15) | −0.6% |
| Its own sale in 2020 | +0.8% |
| Our estimate | $525,000 |
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.
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.
2 Abraham Heights as a rental
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $550 | ||
| Property manager | ||
| Rent, 52 weeks | $28,600 | |
| 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 | $23,540 | |
| Interest $367,500 at 6.00%, interest only | −$22,050 | |
| Cash flow before tax | +$1,490 | |
| Cash flow a week | +$29 | |
| Gross / net yield on the price | 5.4% / 4.5% | |
| Return on equity cash flow on the deposit, before tax | 0.9% | |
| Loses money above this interest rate, before tax | 6.41% | |
The rent covers the interest at rates up to 6.41%. That is 0.9% a year on a $158k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area73 m²
- Decade built1910s
- Bedrooms2
- Bathrooms1
- Property categoryUse not published
- CouncilNelson City
- Valuation #19730-7700
- 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 numberNL2B/332
- Title typeFreehold
- Legal descriptionLot 1 Deposited Plan 6494
- Land area607 m²
- 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 · 3 land use or subdivision consents within 250 m.
Within 250 m
- 14 Sep 2017Land use
To construct a dwelling that requires earthworks for the domestic driveway and a carport within the 4m setback of the front yard.
175299 · Nelson City200 mGranted - 19 Apr 2017Land use
To construct a retaining wall within the front yard which will be built over a wastewater pipe and breach the earthworks rule.
175124 · Nelson City32 mGranted - 20 Dec 2016Land use
To construct a new dwelling which does not comply with front yards rule and daylight admissions
165458 · Nelson City99 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 Washington Valley
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.
Agents active in Washington Valley
People whose office is within 5 km of Washington Valley, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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.