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Unclaimed

Unit 1/89A Devon Street, Arrowtown

Queenstown-Lakes District

Deadline Sale

  • 3
  • 1
  • 2
  • 90m²
  • Unit

Make Arrowtown Your Own

Positioned in an established Arrowtown neighbourhood.

89A Devon Street presents an appealing opportunity for first-home buyers, investors or those looking to secure their own piece of Arrowtown.

This north/ west facing, three bedroom home combines comfortable, practical living with attractive street appeal, featuring a distinctive mix of cedar and painted corrugated iron cladding.

Inside, the modern kitchen connects to open-plan dining and living, with cleverly positioned clerestory windows incorporated into the roofline to capture additional sunlight and natural light. Double-glazed joinery, a freestanding wood burner and heat pump provide year-round comfort.

The living area opens directly to a covered outdoor entertaining area, creating more living space.

The fully fenced, level section offers a secure and manageable outdoor area with room for gardening, children or pets.

The location adds further appeal, with a nearby shortcut providing easy access to the reserve and Arrowtown River Bridges Trail, connecting you to the walking and cycling tracks that make Arrowtown such a desirable place to live.

With new life plans, our Vendors are ready to move on and have committed to a Deadline Sale: Closes 2:00 p.m. Thursday 3 December 2026 (unless sold prior).

Whether you’re looking for your first home, a rental investment or an Arrowtown holiday base, this is your opportunity to make Arrowtown your own.

Added to OwnBetter 6 Nov 2026

OwnBetter estimate
$1.19m
Medium confidence

We estimate it would sell for $1,190,000 as at 5 October 2026, in a range of $1,020,000 to $1,360,000.

Typical home in Arrowtown
$2.20m
The median of our estimates of its 1,780 homes
How we worked this out
Council valuation, Sept 2024$1,100,000
Market movement in Queenstown-Lakes District since the council valuation+6.4%
How Arrowtown sells against council values+2.6%
Homes of this age in Arrowtown−1.1%
Homes in this price range+1.0%
Land as a share of the value−0.1%
Nearby recent sales (15)−0.3%
Our estimate$1,190,000

We start from the council's rating valuation, move it by how sales in the area have moved since against their own council values, then by how properties like this one, nearby sales have done against the same arithmetic. Each step is an average of real sales. Tested every month against sales we had not seen: half land within about 6% of our estimate, and about 8 in 10 within the range. This is an automated estimate, not a registered valuation.

Part of 89B Devon Street · Unit Title One of 2 units on Deposited Plan 24380. The boundary on the map is the whole building's — a unit title sits over the parcel the development shares. See the whole building →
My notes
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What it costs to live here

Home expense estimates

—a month, all in

Estimates from the floor area and typical New Zealand prices, not quotes. Power, gas and internet details from the Electricity Authority and Gas Industry Co registries and Chorus.

Investor insights

Unit 1/89A Devon Street as a rental

Rent estimate$830/wk$720–$950 · Little evidence
Gross yield3.6%$43,160 a year on $1.19m
Net yield3.0%After $7,636 of costs
Cash flow−$278/wk30% deposit, interest only at 6.00%
Line
Price Our estimate
Deposit
Interest rate
Rent a week our estimate $830
Property manager
Rent, 52 weeks$43,160
Empty between tenants 2 weeks
Property management 9.2% incl. GST
Maintenance 5% of rent
Council rates this year
Landlord insurance the building
Net income before interest$35,524
Interest $833,000 at 6.00%, interest only−$49,980
Cash flow before tax−$14,456
Cash flow a week−$278
Gross / net yield on the price3.6% / 3.0%
Return on equity cash flow on the deposit, before tax−4.0%
Loses money above this interest rate, before tax4.26%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 4.26%. That is -4.0% a year on a $357k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area90 m²
  • Decade built1990s
  • Bedrooms3
  • Bathrooms1
  • Parking1 car space
  • Property categoryUse not published
  • CouncilQueenstown-Lakes District
  • Valuation #29184-6600-A
  • Valuation date1 Sep 2024

From the council’s rating records and the other sources noted on hover. Bedrooms and bathrooms may come from a past listing. Built is the decade the valuer records.

Title and land

Order a title record
  • Title numberOT16B/859
  • Title typeUnit Title
  • Legal descriptionUnit 1 and Accessory Unit 1A Deposited Plan 24380
Registered instrumentsChecking the register… See the title summary →

Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.

Getting around

Another agency selling this property too, or is it for rent? Import that listing and it shows beside this one.

Building consents

We hold no building consents for this property yet. The council may hold records we have not seen.

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1One live recordCouncil valuation, title details and registered interests, kept current rather than gathered again every time you need them.
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Zoning and hazards

What the council's published maps say about this land. A map is a model of a storm, not a record of one: a LIM or a flood report says more.

Reading the council's maps…

What could you build here?

See whether a granny flat fits beside the house: the Building Act exemption, the national granny flat rules and the zone’s own. Then ask builders to price the shape you pick.

About Arrowtown

Queenstown-Lakes District
2,183
Properties on the rating roll
10 Jun 2026
Last council revaluation

Counts describe the records we hold for this territorial authority, not a market forecast. Our estimate above is automated, not a registered valuation; how it was reached is shown with it. Every council figure on this page can be checked against the council's own record.

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