Estimate $5.27m – $6.68m
5
48 Lake Avenue, Frankton
51 properties · Frankton, Queenstown
Lake Avenue, Frankton
Lake Avenue in Frankton has 51 properties, valued by the council between $380,000 and $5,450,000 with a median of $1,830,000 (Frankton: $1,140,000). Most of its homes were built in the 1960s. We estimate its homes at a median $1,940,000. 2 sold in the last twelve months. The highest sale in 2026 was 20 Lake Avenue, at $2,330,000.
$1.83mmedian council valuation
$1.94mour median estimate
2sold in the last 12 months
1960median year built
67 properties on Lake Avenue, Frankton
Estimate $3.60m – $4.78m
5
10 Lake Avenue, Frankton
Estimate $2.89m – $3.84m
5
38 Lake Avenue, Frankton
Estimate $3.13m – $3.96m
5
6 Lake Avenue, Frankton
Estimate $2.71m – $3.60m
4
8 Lake Avenue, Frankton
Estimate $2.59m – $3.44m
5
34 Lake Avenue, Frankton
Estimate $2.42m – $3.22m
5
26 Lake Avenue, Frankton
Estimate $2.46m – $3.27m
4
46 Lake Avenue, Frankton
Estimate $2.42m – $3.22m
3
50 Lake Avenue, Frankton
Estimate $2.50m – $3.16m
5
2 Lake Avenue, Frankton
Estimate $2.47m – $3.13m
4
52 Lake Avenue, Frankton
Estimate $2.48m – $3.15m
4
36 Lake Avenue, Frankton
Estimate $2.24m – $2.97m
2
44 Lake Avenue, Frankton
Estimate $2.32m – $2.94m
5
26A Lake Avenue, Frankton
Estimate $2.35m – $2.98m
3
30A Lake Avenue, Frankton
Estimate $2.13m – $2.83m
4
16 Lake Avenue, Frankton
Estimate $2.18m – $2.76m
3
18 Lake Avenue, Frankton
Estimate $2.16m – $2.74m
3
20 Lake Avenue, Frankton
Estimate $2.03m – $2.57m
3
38A Lake Avenue, Frankton
Estimate $2.14m – $2.71m
2
22 Lake Avenue, Frankton
Estimate $2.07m – $2.63m
3
14 Lake Avenue, Frankton
Finding a picture…
Estimate $1.73m – $2.31m
4
24 Lake Avenue, Frankton
Estimate $1.82m – $2.31m
3
32A Lake Avenue, Frankton
Finding a picture…
Estimate $1.66m – $2.21m
3
42A Lake Avenue, Frankton
Highest and lowest on Lake Avenue
Property values on Lake Avenue
The council values Lake Avenue's 49 rated properties between $380,000 and $5,450,000. The middle half sit between about $789,000 and $2,450,000; the median is $1,830,000 and the mean $1,772,449.
| Bedrooms | Homes | Median council value | Sold, last 12 months | Median sale |
|---|---|---|---|---|
| 1 | 13 | $440k | 0 | — |
| 2 | 4 | $1.48m | 1 | — |
| 3 | 15 | $1.84m | 1 | — |
| 4 | 7 | $2.47m | 0 | — |
| 5+ | 10 | $2.81m | 0 | — |
Council rating valuations: the council's figure for apportioning rates, not a market appraisal.
Lake Avenue compared with Frankton
Lake Avenue's median council value is 61% above Frankton's.
| Lake Avenue | Frankton | Queenstown | |
|---|---|---|---|
| Median council value | $1.83m | $1.14m | $1.56m |
| Sold in the last 12 months | 3.9% | 5.3% | 4.6% |
| Time between sales | 13.4 yrs | 6.2 yrs | 6.1 yrs |
| Median section | 699 m² | 607 m² | 719 m² |
| Median year built | 1960 | 2000 | 2010 |
| Council value per m² of floor | $12k | $10k | $9k |
Lake Avenue 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.
Sales by year as a table
| Year | Sales | Median price | Per m² floor |
|---|---|---|---|
| 2026 | 2 | $1,590,000 | $12,924 |
| 2025 | 4 | $435,000 | $8,400 |
| 2024 | 6 | $504,550 | $13,375 |
| 2023 | 3 | $1,961,000 | $9,571 |
| 2022 | 2 | $1,261,250 | $13,143 |
| 2021 | 3 | $1,770,000 | $9,584 |
| 2020 | 2 | $944,500 | $8,316 |
| 2018 | 5 | $1,795,750 | $5,393 |
| 2017 | 1 | $800,000 | $6,154 |
| 2016 | 1 | $1,475,000 | $4,086 |
Recent sales on Lake Avenue
- 4 Lake Avenue$850,00025 Mar 2026 · 2 bed · 70 m² floor
- 20 Lake Avenue$2,330,00020 Feb 2026 · 3 bed · 170 m² floor · 804 m² land
- 4 Lake Avenue$435,0002 May 2025 · 1 bed · 24 m² floor
- 4 Lake Avenue$435,00017 Apr 2025 · 1 bed · 24 m² floor
- 4 Lake Avenue$435,00014 Apr 2025 · 1 bed · 24 m² floor
- 8 Lake Avenue$2,100,00012 Mar 2025 · 4 bed · 250 m² floor · 809 m² land
- 4 Lake Avenue$385,00012 Nov 2024 · 1 bed · 24 m² floor
- 4 Lake Avenue$474,1008 Nov 2024 · 1 bed · 40 m² floor
- 4 Lake Avenue$450,00022 Jul 2024 · 1 bed · 30 m² floor
- 32A Lake Avenue$1,925,00021 Jun 2024 · 3 bed · 253 m² floor
- 4 Lake Avenue$685,0009 May 2024 · 1 bed · 50 m² floor
- 4 Lake Avenue$535,00026 Apr 2024 · 1 bed · 40 m² floor
- 38A Lake Avenue$1,961,00022 Nov 2023 · 3 bed · 212 m² floor · 529 m² land
- 48 Lake Avenue$5,312,10824 Oct 2023 · 5 bed · 555 m² floor · 1,012 m² land
- 4 Lake Avenue$750,0001 Apr 2023 · 2 bed · 70 m² floor
- 18 Lake Avenue$1,945,0007 Sept 2022 · 3 bed · 130 m² floor · 805 m² land
- 4 Lake Avenue$577,5008 Mar 2022 · 1 bed · 51 m² floor
- 28A Lake Avenue$1,310,00017 Sept 2021 · 5 bed · 300 m² floor · 547 m² land
- 20 Lake Avenue$1,770,00012 Mar 2021 · 3 bed · 170 m² floor · 804 m² land
- 22 Lake Avenue$1,821,0003 Mar 2021 · 2 bed · 190 m² floor · 845 m² land
The homes on Lake Avenue
Lake Avenue has 29 houses and 21 apartments. Most were built in the 1960s (51%).
How long owners stay on Lake Avenue
Homes on Lake Avenue that resold in the last five years had been held a median 13.4 years (Frankton: 6.2 years).
Time between a home's sales, for 10 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.
More streets in Frankton
- Prosperity Avenue189
- Glenda Drive139
- Mountain Ash Drive129
- Frankton Road120
- Delaney Loop112
- Copper Beech Avenue102
- Red Oaks Drive90
- Marina Drive89
- Riverside Road75
- McBride Street71
- Remarkables Crescent59
- Hawthorne Drive50
Every street in Frankton, 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.