Offers Over $1,610,000
4 2 2
Modern Lifestyle Living with Mountain Views
223 Letts Gully Road, Letts Gully
Tall Poppy Central Otago
5 properties for sale · Alexandra
Property for sale in Letts Gully, Alexandra
Houses, townhouses, apartments and sections, farms and lifestyle blocks, and commercial and industrial sites for sale in Letts Gully, Alexandra, each listing beside the property's value estimate, council valuation, past sales and title.
$1.1mmedian sale, last 12 months · 8 sales
$1.11mmedian council valuation
5.8 yrsmedian time between sales
5for sale now
5 properties for sale in Letts Gully
Buyer Enquiry Over $2,285,000
5 3 6
Views, Epic Home & Shed!
224B Letts Gully Road, Letts Gully
Tall Poppy Central Otago
Buyer Enquiry Over $860,000 Including GST (if any)
5 1 3
Lifestyle Opportunity Between Alexandra & Clyde
392 Letts Gully Road, Letts Gully
Tall Poppy Central Otago
Buyer Enquiry Over $1,995,000
4 2 2
Private, Peaceful & Beautifully Finished
133A Letts Gully Road, Letts Gully
Tall Poppy Central Otago
$1,250,000 Including GST (if any)
3 3
Packed With Personality
454 Letts Gully Road, Letts Gully
PGG Wrightson Real Estate
About Letts Gully
Homes sold for a median $7,495 per square metre of floor over the last twelve months. Homes in Letts Gully change hands every 5.8 years on median, against 7.7 across Alexandra and 7.9 nationally. About 5.2% of its homes sold in the last twelve months.
Schools zoned for Letts Gully
- The Terrace School (Alexandra)primary · Years 1-8
Letts Gully house prices over time
Median sale price by year, all homes; 2026 is the year so far. Letts Gully's median sale price over the last twelve months was $1.1m, across 8 sales. Across Alexandra it was $768k.
Sales by year as a table
| Year | Sales | Median price | Per m² floor | Per m² land (est.) | Alexandra median |
|---|---|---|---|---|---|
| 2026 | 7 | $1,230,000 | $6,906 | $31 | $775,000 |
| 2025 | 4 | — | — | — | $730,000 |
| 2024 | 4 | — | — | — | $726,250 |
| 2023 | 8 | $840,000 | $5,517 | $23 | $700,000 |
| 2022 | 4 | — | — | — | $685,000 |
| 2021 | 13 | $880,000 | $5,992 | $30 | $605,000 |
| 2020 | 15 | $673,500 | $4,387 | $20 | $471,000 |
| 2019 | 9 | $707,000 | $4,333 | $17 | $469,500 |
| 2018 | 13 | $540,000 | $3,807 | $13 | $415,000 |
| 2017 | 12 | $289,000 | $3,500 | $12 | $380,000 |
| 2016 | 15 | $470,000 | $2,737 | $13 | $295,000 |
Estimated value, month by month
Our model's median estimate for homes in Letts Gully, up 5% over the last twelve months. An automated estimate, not a registered valuation.
Prices by bedrooms in Letts Gully
| Bedrooms | Homes | Median council value | Sold, last 12 months | Median sale | Per m² floor |
|---|---|---|---|---|---|
| 2 | 6 | $580k | 1 | — | $8,841 |
| 3 | 42 | $1.04m | 2 | — | $7,048 |
| 4 | 45 | $1.4m | 3 | — | $6,167 |
| 5+ | 9 | $1.55m | 1 | — | $4,943 |
Price per square metre
Homes in Letts Gully sold for a median $7,495 per square metre of floor over the last twelve months, land included (Alexandra: $5,647); the land under houses sold for an estimated $45 per square metre (Alexandra: $496). A sale price is not split between land and house, so the land figure gives the land the council's share of each sale — the land value as a part of the capital value at the last revaluation.
$7,495per m² of floor, land included, sales in the last 12 months
$45per m² of land, estimated from house sales in the last 12 months
$6,500per m² of floor, council capital values
$24per m² of land, council land values of houses
Recent sales in Letts Gully
- 233A Letts Gully Road$800,00025 Jun 2026 · 3 bed · 82 m² floor · 20,062 m² land
- 44 Letts Gully Road$870,00013 Feb 2026 · 2 bed · 90 m² floor · 2,902 m² land
- 249 Letts Gully Road$1,255,00027 Jan 2026 · 4 bed · 225 m² floor · 23,296 m² land
- 342 Letts Gully Road$1,250,00027 Jan 2026 · 4 bed · 181 m² floor · 29,270 m² land
- 160A Letts Gully Road$1,530,00026 Jan 2026 · 4 bed · 367 m² floor · 19,305 m² land
- 171 Manuherikia Road$530,00015 Jan 2026 · 1 bed · 49 m² floor · 814 m² land
- 233 Letts Gully Road$1,230,0003 Jan 2026 · 5 bed · 308 m² floor · 8,109 m² land
- 8 Letts Gully Road$970,00013 Oct 2025 · 3 bed · 120 m² floor · 2,075 m² land
- 163 Manuherikia Road$905,00011 Sept 2025 · 4 bed · 182 m² floor · 2,388 m² land
- 133C Letts Gully Road$2,175,00022 Aug 2025 · 229 m² floor · 22,178 m² land
- 14 Letts Gully Road$520,00023 Jun 2025 · 3,278 m² land
- 69 Letts Gully Road$1,625,0005 Oct 2024 · 4 bed · 218 m² floor · 14,615 m² land
How long owners stay in Letts Gully
Homes in Letts Gully change hands every 5.8 years on median, against 7.7 across Alexandra and 7.9 nationally.
5.8 yearsmedian time between sales, Letts Gully
7.7 yearsAlexandra
7.9 yearsNew Zealand
5.2%of homes sold in the last 12 months (Alexandra: 5.1%)
By kind: houses 5.5 years.
Time between a home's sales, for homes that resold in the last five years. A home not sold since our records begin is not counted, so owners who stay longest are under-represented.
Who lives in Letts Gully
About 282 people lived in Letts Gully at the 2023 census (up 21% since 2018); their median age was about 51 (Alexandra: 49); 97% of households owned their home (Alexandra: 81%).
282people, 2023 (2018: 234)
51median age, about (Alexandra: 49)
$104kmedian household income, about (Alexandra: $86k)
97%of households own their home (2018: 97%)
Age
- 30-64 years47%
- 65 years and over26%
- Under 15 years18%
- 15-29 years10%
Households
- One-family household (with or without other people)82%
- One-person household9%
- Other multi-person household3%
- Two-family household (with or without other people)3%
- Three or more family household (with or without other people)0%
Ethnicity
- European95%
- Māori10%
- Other Ethnicity4%
- Asian0%
- Pacific Peoples0%
- Middle Eastern/Latin American/African0%
Where people were born
- New Zealand81%
- United Kingdom and Ireland9%
- Australia4%
- Europe (excl United Kingdom and Ireland)3%
- Middle East and Africa2%
- Asia1%
- North America1%
- Other0%
Household income
- $100,001-$150,00026%
- $70,001-$100,00018%
- $200,001 or more15%
- $30,001-$50,00012%
- $50,001-$70,00012%
- $150,001-$200,0009%
- $20,000 or less3%
- $20,001-$30,0003%
Dwellings
- Separate house91%
- Other private dwelling6%
- Joined dwelling0%
- Non-private dwelling0%
Highest qualification
- No qualification16%
- Level 4 certificate16%
- Bachelor degree and Level 7 qualification13%
- Level 1 certificate12%
- Level 2 certificate11%
- Level 3 certificate8%
- Level 5 diploma7%
- Post-graduate and honours degrees7%
Stats NZ Census 2023 and 2018, summed over the census areas inside Letts Gully. Medians are approximate: Stats NZ publishes them per area and they cannot be added up exactly.
Real estate agents selling in Letts Gully
4 agents have been credited on a sale or a live listing in Letts Gully in the last two years. Those with the most:
- Peter HishonTall Poppy Real Estate1 sale here
- Jane HoskinsCentral & Lakes Realty 2024 Limited1 sale here
- Rebecca IrelandTall Poppy Real Estate1 sale here
- Stacey GilliesTall Poppy Real Estate1 sale here
All 4 real estate agents in Letts Gully, with their recent sales and which agencies sell the suburb.
Counted from sales records that name the agent, and from current listings. A count of activity, not a rating.
Building and resource consents in Letts Gully
10building consents in the last 12 months ($1.61m of work)
- 282 Letts Gully Road1 Jul 2026 · Building consentRbw - construction of a single-storey detached dwg comprising master bdrm with ensuite, 2 bedrooms, 1 bath, 1 wc, & internal gge, a solid fuel heater, on-site wastewater system & stormwa
- 249 Letts Gully Road1 Jul 2026 · Building consentNew freestanding fireplace housing - detached
- 300 Letts Gully Road1 Jul 2026 · Building consentNew freestanding metro mega rad fireplace
- 14 Letts Gully Road1 May 2026 · Building consentNew septic tank & disposal field. New woodsman Brunner mk outbuildings
- 67 Letts Gully Road1 Apr 2026 · Building consentConstruction of dwg - relocate prefabricated building, foundations & services only
Search building consents in Letts Gully and see Stats NZ's count of new homes there.
Sales and valuations as at 18 September 2026, from council and LINZ records. Figures resting on fewer than 5 sales are not shown.
Property for sale by street in Letts Gully
About property for sale in Letts Gully, Alexandra
Every property in Letts Gully, Alexandra, whether it is for sale or not: homes, sections, farms, lifestyle blocks, shops, offices and industrial land. Each is listed from the council rating roll and Toitū Te Whenua LINZ, with the listing beside it when an agent is marketing it.
Listings come from the agents who market them, matched to the property each is for: every one opens on that property’s own page, with what it is worth, what it last sold for, its title, zoning and hazards, and what it would cost to own.
Each property has its own page: our estimate of its value beside the council rating valuation, past sale prices, the title and land area, zoning and hazards, building consents, and what it would cost to own.
- Residential property for sale in Letts Gully, Alexandra
- Commercial property for sale in Letts Gully, Alexandra
- Rural property for sale in Letts Gully, Alexandra
- Property in Letts Gully, Alexandra
- Property for rent in Letts Gully, Alexandra
- Property sold in Letts Gully, Alexandra
- Property for sale in Alexandra
Listings are published by the agents who market them. Addresses, land details and rating valuations come from Toitū Te Whenua Land Information New Zealand and from the council. No ownership information is published.
Header photo: Sebthedev, CC BY-SA 4.0, via Wikimedia Commons (licence).