25 properties · Speargrass Flat, Queenstown

Malaghans Road, Speargrass Flat

Malaghans Road in Speargrass Flat has 25 properties, valued by the council between $1,900,000 and $7,790,000 with a median of $3,840,000 (Speargrass Flat: $5,330,000). More of its homes were built in the 1990s than in any other decade. We estimate its homes at a median $4,095,000. 3 sold in the last twelve months, for a median $6,700,000. The highest sale in 2026 was 833 Malaghans Road, at $6,700,000.

$3.84mmedian council valuation
$4.09mour median estimate
$6.7mmedian sale, last 12 months · 3 sales
1990median year built
QueenstownSpeargrass Flat ×Malaghans Road ×

25 properties on Malaghans Road, Speargrass Flat

Highest and lowest on Malaghans Road

Highest-valued home778 Malaghans Road$7,790,000council valuation · 5 bed · 510 m² floor · 46,066 m² land
Lowest-valued home774A Malaghans Road$1,900,000council valuation · 15,125 m² land
Highest sale in 2026833 Malaghans Road$6,700,000sold 16 Jan 2026 · 5 bed · 337 m² floor · 105,071 m² land

Property values on Malaghans Road

The council values Malaghans Road's 24 rated properties between $1,900,000 and $7,790,000. The middle half sit between about $3,098,500 and $5,082,000; the median is $3,840,000 and the mean $4,129,583.

Lowest: $1.9m$1.9mLowest10%: $2.73m20%: $2.98m20%30%: $3.21m40%: $3.43m40%Median: $3.84m60%: $4.3m60%70%: $4.96m80%: $5.2m80%90%: $5.74mHighest: $7.79m$7.79mHighest
BedroomsHomesMedian council valueSold, last 12 monthsMedian sale
32$3.07m0—
48$3.33m0—
5+9$5.23m3$6.7m

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

Malaghans Road compared with Speargrass Flat

Malaghans Road's median council value is 28% below Speargrass Flat's.

Malaghans RoadSpeargrass FlatQueenstown
Median council value$3.84m$5.33m$1.56m
Median sale, last 12 months$6.7m$5.2m$1.41m
Sold in the last 12 months12%4.9%4.6%
Median section39,918 m²19,265 m²719 m²
Median year built199020002010
Council value per m² of floor$17k$18k$9k

Malaghans 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.

2017: $2.42m (2 sales)$2.42m2018: $1.89m (3 sales)20182019: too few sales to say (1 sale)2020: too few sales to say (1 sale)20202021: too few sales to say (1 sale)2022: too few sales to say (1 sale)20222023: too few sales to say (1 sale)2024: too few sales to say (1 sale)20242025: $5.2m (3 sales)$5.2m2026: too few sales to say (1 sale, this year so far)2026
Sales by year as a table
YearSalesMedian pricePer m² floor
20261$6,700,000$19,881
20253$5,200,000$23,058
20241$6,200,000$16,359
20231$3,320,000$16,600
20221$3,400,000—
20211$2,200,000$7,692
20201$1,835,000$5,734
20191$2,650,000$13,250
20183$1,890,000$8,462
20172$2,425,000$20,809

Recent sales on Malaghans Road

The homes on Malaghans Road

Malaghans Road has 24 houses and 1 section. More were built in the 1990s than in any other decade (33%).

1910s: 1 (1 home)11910s1950s: 2 (2 homes)1960s: 1 (1 home)1960s1970s: 2 (2 homes)1980s: 3 (3 homes)1980s1990s: 7 (7 homes)72000s: 3 (3 homes)2000s2010s: 1 (1 home)2020s: 1 (1 home)12020s

Building and resource consents on Malaghans Road

9building consents in the last 5 years
8resource consents in the last 5 years
  • 814 Malaghans Road1 Feb 2026 · Building consentConstruction of two storey residential dwelling with attached garage and flat
  • 774A Malaghans Road1 Dec 2025 · Building consentConstruction of single storey dwg with attached gge & fire
  • 791 Malaghans Road1 Nov 2025 · Building consentRe-construct outbuilding (into sleepout) that has burnt down
  • 676 Malaghans Road1 Aug 2024 · Building consentConstruction of 1.2m high pool fencing (swimming pool constructed under schedule 1)
  • 752 Malaghans Road1 Sept 2023 · Building consentAlt to dwg - relocate & reuse yunca wegj 2000 with new yunka flue - 752 malaghans Rd, Queenstown
  • 752 Malaghans Road13 Aug 2024 · Resource consentJ DIAS AND G & S SANTOS - LAND USE CONSENT FOR THE CONSTRUCTION OF A GARAGE AND A SHED (INCLUDING RESIDENTIAL FLAT), TO UNDERTAKE ADDITIONS AND ALTERATIONS OF AN EXISTING RESIDENTIAL UNIT, ASSOCIATED
  • 676 Malaghans Road13 Jun 2024 · Resource consentT WILES, G WILES & T J WILES TRUSTEE LIMITED - CONSTRUCT AN ACCESSORY BUILDING (SWIMMING POOL) OUTSIDE OF A BUILDING PLATFORM AND VARY CONDITION 1 OF RM190696 AT 676 MALAGHANS ROAD, WANAKA
  • 752 Malaghans Road1 May 2024 · Resource consentTo undertake earthworks for the purpose of residential development
  • 752 Malaghans Road1 May 2024 · Resource consentTo undertake earthworks for the purpose of residential development
  • 676 Malaghans Road29 Sept 2023 · Resource consentTo discharge treated domestic waste water to land for the purpose of disposing of treated waste water from two domestic properties

More streets in Speargrass Flat

Every street in Speargrass Flat, 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.