76 properties · Grasmere, Invercargill

Bay Road, Grasmere

Bay Road in Grasmere has 76 properties, valued by the council between $250,000 and $900,000 with a median of $400,000 (Grasmere: $410,000). More of its homes were built in the 1970s than in any other decade. We estimate its homes at a median $512,500. 5 sold in the last twelve months, for a median $529,000. The highest sale in 2026 was 145 Bay Road, at $645,000.

$400kmedian council valuation
$513kour median estimate
$529kmedian sale, last 12 months · 5 sales
1960median year built
InvercargillGrasmere ×Bay Road ×

76 properties on Bay Road, Grasmere

Highest and lowest on Bay Road

Highest-valued home197 Bay Road$900,000council valuation · 4 bed · 264 m² floor · 9 ha land
Lowest-valued home130 Bay Road$250,000council valuation · 1 bed · 42 m² floor · 675 m² land
Highest sale in 2026145 Bay Road$645,000sold 17 Feb 2026 · 5 bed · 182 m² floor · 673 m² land

Property values on Bay Road

The council values Bay Road's 58 rated properties between $250,000 and $900,000. The middle half sit between about $370,000 and $431,750; the median is $400,000 and the mean $406,983.

Lowest: $250k$250kLowest10%: $341k20%: $360k20%30%: $380k40%: $380k40%Median: $400k60%: $410k60%70%: $429k80%: $435k80%90%: $475kHighest: $900k$900kHighest
BedroomsHomesMedian council valueSold, last 12 monthsMedian sale
11$250k0—
22$403k0—
346$395k3$529k
47$470k1—
5+2$395k1—

Council rating valuations: the council's figure for apportioning rates, not a market appraisal.

Bay Road compared with Grasmere

Bay Road's median council value is about the same as Grasmere's.

Bay RoadGrasmereInvercargill
Median council value$400k$410k$435k
Median sale, last 12 months$529k$525k$515k
Sold in the last 12 months6.6%5.4%4.8%
Time between sales6.2 yrs6.5 yrs7.2 yrs
Median section642 m²627 m²759 m²
Median year built196019601960
Council value per m² of floor$4k$4k$3k

Bay Road house prices over time

Median sale price by year; 2026 is the year so far. A year with fewer than two sales has no bar.

2016: $210k (5 sales)$210k20162017: $230k (5 sales)2018: $252k (7 sales)20182019: $299k (3 sales)2020: $344k (4 sales)20202021: $400k (3 sales)2022: $395k (4 sales)20222023: $475k (3 sales)2024: too few sales to say (1 sale)20242025: $513k (4 sales)2026: $550k (4 sales, this year so far)$550k2026
Sales by year as a table
YearSalesMedian pricePer m² floor
20264$549,500$3,962
20254$512,500$4,688
20241$360,000$4,444
20233$475,000$3,293
20224$395,000$3,834
20213$400,000$4,149
20204$343,750$2,800
20193$299,000$2,593
20187$252,000$2,233
20175$230,000$2,154
20165$210,000$1,509

Recent sales on Bay Road

  • 210 Bay Road$525,50027 Mar 2026 · 4 bed · 120 m² floor · 567 m² land
  • 172 Bay Road$570,00019 Mar 2026 · 3 bed · 104 m² floor · 549 m² land
  • 184 Bay Road$529,00016 Mar 2026 · 3 bed · 150 m² floor · 508 m² land
  • 145 Bay Road$645,00017 Feb 2026 · 5 bed · 182 m² floor · 673 m² land
  • 173 Bay Road$500,00028 Sept 2025 · 3 bed · 120 m² floor · 632 m² land
  • 137 Bay Road$525,00015 Aug 2025 · 4 bed · 120 m² floor · 647 m² land
  • 181 Bay Road$500,00025 Jun 2025 · 3 bed · 100 m² floor · 663 m² land
  • 177 Bay Road$525,00025 Feb 2025 · 3 bed · 90 m² floor · 779 m² land
  • 107 Bay Road$360,0002 Feb 2024 · 2 bed · 81 m² floor · 569 m² land
  • 137 Bay Road$475,00027 Oct 2023 · 4 bed · 120 m² floor · 647 m² land
  • 191 Bay Road$484,00026 Oct 2023 · 3 bed · 147 m² floor · 663 m² land
  • 184 Bay Road$450,00018 Jan 2023 · 3 bed · 150 m² floor · 508 m² land
  • 174 Bay Road$335,00022 Dec 2022 · 3 bed · 100 m² floor · 713 m² land
  • 90 Bay Road$450,00016 Nov 2022 · 3 bed · 94 m² floor · 728 m² land
  • 150 Bay Road$340,00019 Oct 2022 · 3 bed · 83 m² floor · 458 m² land
  • 191 Bay Road$525,00020 Mar 2022 · 3 bed · 147 m² floor · 663 m² land
  • 89 Bay Road$390,00017 Jun 2021 · 2 bed · 94 m² floor · 602 m² land
  • 90 Bay Road$450,00017 May 2021 · 3 bed · 94 m² floor · 728 m² land
  • 114 Bay Road$400,00013 Jan 2021 · 3 bed · 100 m² floor · 511 m² land
  • 210 Bay Road$380,0006 Dec 2020 · 4 bed · 120 m² floor · 567 m² land

The homes on Bay Road

Bay Road has 74 houses and 2 units and townhouses. More were built in the 1970s than in any other decade (41%).

1910s: 1 (1 home)11910s1930s: 3 (3 homes)1930s1940s: 9 (9 homes)1940s1950s: 8 (8 homes)1950s1960s: 9 (9 homes)1960s1970s: 24 (24 homes)241970s1980s: 3 (3 homes)1980s2010s: 1 (1 home)12010s

How long owners stay on Bay Road

Homes on Bay Road that resold in the last five years had been held a median 6.2 years (Grasmere: 6.5 years).

Time between a home's sales, for 14 resales in the last five years. A home not sold since our records begin is not counted, so owners who stay longest are under-represented.

Building and resource consents on Bay Road

19building consents in the last 5 years
  • 125 Bay Road1 Aug 2026 · Building consentNew 3 bdrm dwg with metro wee rad woody constructed off site in two pieces all under one building consent
  • 108 Bay Road1 Jul 2026 · Building consentDwg with attached gge & log burner 108 bay Rd Oxford lot 5 dp 583129
  • 165 Bay Road1 Mar 2026 · Building consentInstall f/s maxen Saint Clair 350-w solid fuel burner
  • 196 Bay Road1 Mar 2026 · Building consentStructural foundations for container storage shed
  • 123 Bay Road1 Dec 2025 · Building consentConstruction of a new family flat with attached gge & log burner amendment 1: removal of outdoor fireplace installation (-$10k)

Bay Road in other suburbs

More streets in Grasmere

Every street in Grasmere, and the suburb's house prices and sales.

Sales and valuations as at 11 September 2026, from council and LINZ records. Medians resting on fewer than 3 sales are not shown.