33 properties · Grasmere, Invercargill

Wallace Street, Grasmere

Wallace Street in Grasmere has 33 properties, valued by the council between $220,000 and $865,000 with a median of $380,000 (Grasmere: $410,000). More of its homes were built in the 1940s than in any other decade. We estimate its homes at a median $472,000. 1 sold in the last twelve months.

$380kmedian council valuation
$472kour median estimate
1sold in the last 12 months
1940median year built
InvercargillGrasmere ×Wallace Street ×

33 properties on Wallace Street, Grasmere

Highest and lowest on Wallace Street

Highest-valued home30 Wallace Street$865,000council valuation · 4 bed · 235 m² floor · 777 m² land
Lowest-valued home19A Wallace Street$220,000council valuation · 1 bed · 60 m² floor
Highest sale, last 12 months45 Wallace Street$530,000sold 12 Nov 2025 · 3 bed · 90 m² floor · 768 m² land

Property values on Wallace Street

The council values Wallace Street's 33 rated properties between $220,000 and $865,000. The middle half sit between about $345,000 and $448,500; the median is $380,000 and the mean $408,788.

Lowest: $220k$220kLowest10%: $293k20%: $330k20%30%: $360k40%: $379k40%Median: $380k60%: $418k60%70%: $442k80%: $455k80%90%: $473kHighest: $865k$865kHighest
BedroomsHomesMedian council valueSold, last 12 monthsMedian sale
12$228k0—
22$278k0—
327$380k1—
42$655k0—

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

Wallace Street compared with Grasmere

Wallace Street's median council value is 7% below Grasmere's.

Wallace StreetGrasmereInvercargill
Median council value$380k$410k$435k
Sold in the last 12 months3%5.4%4.8%
Time between sales5.9 yrs6.5 yrs7.2 yrs
Median section777 m²627 m²759 m²
Median year built194019601960
Council value per m² of floor$3k$4k$3k

Wallace Street house prices over time

Median sale price by year; 2025 is the year so far. A year with fewer than two sales has no bar.

2016: $207k (7 sales)$207k20162017: $204k (4 sales)2019: $343k (5 sales)20192020: too few sales to say (1 sale)2021: too few sales to say (1 sale)20212022: $393k (2 sales)2023: $666k (2 sales)$666k20232024: $414k (2 sales)2025: $475k (2 sales, this year so far)$475k2025
Sales by year as a table
YearSalesMedian pricePer m² floor
20252$475,000$5,178
20242$414,250$3,601
20232$665,750$3,873
20222$392,500$3,839
20211$441,250$3,152
20201$385,000$2,750
20195$343,000$2,674
20174$204,250$1,551
20167$207,000$1,889

Recent sales on Wallace Street

The homes on Wallace Street

Wallace Street has 29 houses and 4 units and townhouses. More were built in the 1940s than in any other decade (24%).

1910s: 4 (4 homes)41910s1920s: 3 (3 homes)1930s: 3 (3 homes)1930s1940s: 8 (8 homes)81950s: 7 (7 homes)1950s1960s: 3 (3 homes)1990s: 2 (2 homes)1990s2010s: 2 (2 homes)2020s: 1 (1 home)12020s

How long owners stay on Wallace Street

Homes on Wallace Street that resold in the last five years had been held a median 5.9 years (Grasmere: 6.5 years).

Time between a home's sales, for 8 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 Wallace Street

4building consents in the last 5 years
  • 60 Wallace Street1 Jul 2026 · Building consentInstall f/s masport Wanaka solid fuel burner (replacement)
  • 45 Wallace Street1 Jun 2022 · Building consentConstruct versatile 7 x 6 versatile gge
  • 45 Wallace Street1 May 2022 · Building consentInstall masport le4000 insert
  • 16 Wallace Street1 Mar 2022 · Building consentInstall yunca xander masonry ca sub 1.0

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