Title boundary · 1,530 m² · LINZ
Unclaimed

61 Quebec Road, Washington Valley

Nelson · Nelson City

Last sold Aug 2008

OwnBetter estimate
$1.14m
Medium confidence

We estimate it would sell for $1,140,000 as at 5 October 2026, in a range of $974,000 to $1,290,000.

Typical home in Washington Valley
$586k
The median of our estimates of its 687 homes
How we worked this out
Council valuation, Sept 2024$1,170,000
Market movement in Nelson City since the council valuation−0.9%
Apartments and houses in Nelson City−0.1%
How Washington Valley sells against council values+0.1%
Homes of this age in Washington Valley−0.8%
Homes in this price range−1.5%
Land as a share of the value+0.8%
Nearby recent sales (15)−0.4%
Our estimate$1,140,000

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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What it costs to live here

Home expense estimates

—a month, all in

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

61 Quebec Road as a rental

Rent estimate$810/wk$700–$930 · Little evidence
Gross yield3.7%$42,120 a year on $1.14m
Net yield3.0%After $7,452 of costs
Cash flow−$254/wk30% deposit, interest only at 6.00%
Line
Price Our estimate
Deposit
Interest rate
Rent a week our estimate $810
Property manager
Rent, 52 weeks$42,120
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$34,668
Interest $798,000 at 6.00%, interest only−$47,880
Cash flow before tax−$13,212
Cash flow a week−$254
Gross / net yield on the price3.7% / 3.0%
Return on equity cash flow on the deposit, before tax−3.9%
Loses money above this interest rate, before tax4.34%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 4.34%. That is -3.9% a year on a $342k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area368 m²
  • Decade built2010s
  • Bedrooms2
  • Bathrooms1
  • Parking2 car spaces
  • Property categoryUse not published
  • CouncilNelson City
  • Valuation #19720-29709
  • 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 number214399
  • Title typeFreeholdGuaranteed
  • Estate descriptionFee Simple, 1/1, Lot 53 Deposited Plan 352304, 1,530 m2
  • Land area1,530 m²
  • Title issued17 Jan 2006
  • Land districtNelson
Registered instruments7 registered instruments on this titleEasement Instrument ×3 · Encumbrance · Mortgage · Transfer · Variation of Mortgage 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. 1 on this property · 2 land use or subdivision consents within 250 m.

On this property

  1. 20 Dec 2016
    Land use

    To construct a new dwelling which does not comply with front yards rule and daylight admissions

    165458 · Nelson City
    Granted

Within 250 m

  1. 14 Sep 2017
    Land 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 City
    136 mGranted
  2. 19 Apr 2017
    Land 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 City
    122 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.

What 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

Nelson City
765
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.

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.

Who sold the most in Washington Valley →

The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.

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