122 properties · Strathern, Invercargill

Tramway Road, Strathern

Tramway Road in Strathern has 122 properties, valued by the council between $92,000 and $1,270,000 with a median of $360,000 (Strathern: $360,000). More of its homes were built in the 1960s than in any other decade. We estimate its homes at a median $427,000. 8 sold in the last twelve months, for a median $412,000. The highest sale in 2026 was 175 Tramway Road, at $497,000.

$360kmedian council valuation
$427kour median estimate
$412kmedian sale, last 12 months · 8 sales
1960median year built
InvercargillStrathern ×Tramway Road ×

122 properties on Tramway Road, Strathern

Highest and lowest on Tramway Road

Highest-valued home5A Tramway Road$1,270,000council valuation · 5 bed · 254 m² floor · 1,409 m² land
Lowest-valued home144 Tramway Road$92,000council valuation · 120 m² floor · 525 m² land
Highest sale in 2026175 Tramway Road$497,000sold 14 Apr 2026 · 3 bed · 160 m² floor · 751 m² land

Property values on Tramway Road

The council values Tramway Road's 117 rated properties between $92,000 and $1,270,000. The middle half sit between about $320,500 and $402,000; the median is $360,000 and the mean $368,692.

Lowest: $92k$92kLowest10%: $290k20%: $306k20%30%: $335k40%: $350k40%Median: $360k60%: $375k60%70%: $390k80%: $414k80%90%: $460kHighest: $1.27m$1.27mHighest
BedroomsHomesMedian council valueSold, last 12 monthsMedian sale
12$215k0—
28$300k0—
393$360k6$460k
411$380k2—
5+1$1.27m0—

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

Tramway Road compared with Strathern

Tramway Road's median council value is about the same as Strathern's.

Tramway RoadStrathernInvercargill
Median council value$360k$360k$435k
Median sale, last 12 months$412k$428k$515k
Sold in the last 12 months6.6%5.7%4.8%
Time between sales7.2 yrs7.4 yrs7.2 yrs
Median section721 m²702 m²759 m²
Median year built196019601960
Council value per m² of floor$3k$3k$3k

Tramway 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: $140k (12 sales)$140k20162017: $157k (9 sales)2018: $193k (10 sales)20182019: $210k (13 sales)2020: $295k (9 sales)20202021: $293k (5 sales)2022: $300k (3 sales)20222023: $332k (3 sales)2024: $388k (8 sales)20242025: $455k (5 sales)$455k2026: $395k (6 sales, this year so far)$395k2026
Sales by year as a table
YearSalesMedian pricePer m² floor
20266$395,000$3,395
20255$455,000$3,033
20248$387,500$3,282
20233$331,500$2,335
20223$300,000$2,709
20215$293,000$2,794
20209$295,000$2,629
201913$210,000$1,955
201810$192,500$1,568
20179$156,500$1,445
201612$139,825$1,251

Recent sales on Tramway Road

The homes on Tramway Road

Tramway Road has 112 houses, 8 units and townhouses and 1 section. More were built in the 1960s than in any other decade (28%).

1900s: 4 (4 homes)41910s: 4 (4 homes)1910s1920s: 8 (8 homes)1930s: 7 (7 homes)1930s1940s: 15 (15 homes)1950s: 8 (8 homes)1950s1960s: 33 (33 homes)331970s: 24 (24 homes)1970s1980s: 7 (7 homes)1990s: 4 (4 homes)1990s2010s: 1 (1 home)2020s: 1 (1 home)12020s

How long owners stay on Tramway Road

Homes on Tramway Road that resold in the last five years had been held a median 7.2 years (Strathern: 7.4 years).

Time between a home's sales, for 24 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 Tramway Road

7resource consents in the last 5 years
  • 239 Tramway Road27 Jun 2025 · Resource consentDemolition existing building in a Residential 1 Zone
  • 239 Tramway Road27 Jun 2025 · Resource consentTwo Lot Subdivision in a Residential 1 Zone
  • 185 Tramway Road3 Feb 2023 · Resource consentTo extend a workshop activity with associated earthworks on a Hail site in the Residential 1 Zone
  • 37 Tramway Road13 Oct 2022 · Resource consentTwo Lot Subdivision
  • 37 Tramway Road13 Oct 2022 · Resource consentYard Density Breach

More streets in Strathern

Every street in Strathern, 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.