INTRIC - Intelligent Real Estate Investment Club
Sign in

2/79 Murphy Street, Toi Toi, Nelson 7010, New Zealand

2/79 Murphy Street

The Cooper Group
FromNZD339,000
Gross yield3.26%
Exp. 5-yr capital growth3.66%

About the property

A one-bedroom home beside a reserve, with a deck over native bush and a short drive to the town centre.

This home sits in a quiet Nelson neighbourhood, opposite a public reserve and about five minutes by car from the town centre. The property is a one-bedroom, one-bathroom unit of around 40 square metres, with a deck overlooking native bush. Tandem parking for two vehicles is provided. The unit has previously been let to tenants. It suits first-time buyers, downsizers and investors looking for a low-maintenance home in New Zealand's Top of the South.

Why buy

  • Reserve across the road, no garden to keep

    Murphy Street Reserve sits directly opposite, so the unit has open green space on its doorstep without a large section to maintain.

  • Entry point to the Nelson market

    A 40 sq m one-bedroom unit gives first-time buyers a way off rented accommodation, and gives investors a small, low-upkeep holding.

  • Two sheds and tandem parking

    Two storage sheds and off-street tandem parking for two vehicles are useful extras on a unit this size, and keep the interior uncluttered.

  • Native bush outlook from the deck

    The deck overlooks native bush, and the grounds are fully fenced, which suits pets and a quiet, private outdoor routine.

  • Town by car, cafe and chippy on foot

    Town is about five minutes away by car, and a cafe and a fish-and-chip shop are within a 10-minute walk of the front door.

  • Year-round comfort fitted

    A split-system heat pump, gas hot water and a dishwasher are already in place, so a new owner or tenant has the basics from day one.

The address

  • Bus stop · 2.4 km · 4 min drive
  • Bus stop · eBus · 1.8 km · 3 min drive
  • Airport · 7.4 km · 12 min drive
  • Bus stop · eBus Route 3 (Atawhai - Hospital) · 1.2 km · 16 min walk · 12 min to the Nelson Bus Hub
  • Bus hub · eBus Route 3 Atawhai - Hospital (also the eBus network interchange) · 3.1 km · 5 min drive · City centre interchange: Route 3 runs 14 min from Vanguard Street (Totara St) to the Hub
  • Hospital · 2.2 km · 4 min drive
  • Clinic · 2.8 km · 5 min drive
  • Department store · 1.9 km · 3 min drive
  • Supermarket · 2.3 km · 4 min drive
  • Park · 90 m · 1 min walk
  • Park · 250 m · 3 min walk
  • School · 2.4 km · 4 min drive
  • School · 1.3 km · 17 min walk
  • School · Grades 9-13 · 2.5 km · 5 min drive
  • School · Grades 1-6 · 2.7 km · 5 min drive

Nearby transport, places and schools are as recorded by the seller. Confirm distances and school admissions independently before advising.

See it in full

Members see everything, and a specialist introduces the property.

  • Full pricing and payment plans
  • Floor plans and project documents
  • A specialist on this property

Debbie Cooper-Norriss

The Cooper Group

The Cooper Group

Tell us how to reach you.

The numbers, this market's own rules

New Zealand Property Analysis Hub

Professional suite of calculators and tools • Updated 2026

Professional Suite

Data and calculations are updated regularly for informational purposes. For accurate data and personalized advice, consult an INTRIC specialist or conduct independent research. Professional financial and legal advice recommended.

Mortgage Calculator

Professional mortgage payment analysis for2/79 Murphy Street

New Zealand Mortgage Benchmarks (2026)

Interest Rates6.0-7.5%
Typical residential mortgage rates (RBNZ 2026)
Maximum LTV80%
Owner-occupied; 65% for investors
Loan TenureUp to 30 years
Maximum loan tenure for residential properties

Property Details

20.0% of property price (Min 20% typical)

Loan Terms

Calculation Results

Monthly Payment
$0.00
Annual Payment
$0.00
Loan Amount
$271,200.00