195 Lakeview Terrace, Lake Hāwea
Queenstown-Lakes District
Negotiation
- 3
- 1
- 4
- 250m²
- 5,339 m²
- House
- 1 Family room
- Separate toilet
- Workshop
- 4 Garage
- Internal-access garage
- Boat parking
- Fencing
- Partially fenced
- Aspect
- Westerly, Northerly, Southerly, Easterly
- Roof
- Iron
- Hot water
- Electric
- Water supply
- Town
- Sewage
- City
Significant Development Site, Ultimate Lake Views
This significant and elevated Lake Hawea land parcel, consisting of 5339 sqm of freehold title, is zoned Suburban Residential, allowing fantastic subdivision potential to complement the solid home perched on top of the ridge, taking in outstanding lake and mountain views.
The recently titled Koreke Rise development shares the same access from Lakeview Terrace, yet here you have no restrictions on the title, with the potential to build to 8m, subdivide to 450sqm net for vacant sections, or achieve a higher density through a comprehensive development of the site.
Smart infrastructure is already in place, and the wide road frontage provides plenty of flexibility when it comes to how best to utilise the site. Most importantly, however, are the magnificent 360-degree views, taking in vistas of all the surrounding peaks, along with an unbeatable outlook right up Lake Hawea.
The home offers plenty of garaging, with a double on the upper level with internal access, along with further storage underneath. The solid Oamaru Stone and block cladding is timeless, allowing those with an eye for renovation the ability to add value here, with the sprawling floor plan dominated by an open-plan living space that takes in the best of the views on offer. Complemented by three generous bedrooms, this home offers both existing comfort and potential.
To download the property documents, please visit https://rwwanaka.co.nz/WNK32017#documents
We estimate it would sell for $2,770,000 as at 5 October 2026, in a range of $2,370,000 to $3,150,000.
How we worked this out
| Council valuation, Sept 2024 | $2,600,000 |
|---|---|
| Market movement in Queenstown-Lakes District since the council valuation | +6.4% |
| How Lake Hāwea sells against council values | +0.3% |
| Homes of this age in Lake Hāwea | −0.2% |
| Homes in this price range | −0.2% |
| Land as a share of the value | +1.3% |
| Nearby recent sales (15) | −1.1% |
| Our estimate | $2,770,000 |
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.
Sign in to rate this property, keep private notes on it and record what you think it is worth. Only you see them.
Home expense estimates
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.
195 Lakeview Terrace as a rental
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $1,115 | ||
| Property manager | ||
| Rent, 52 weeks | $57,980 | |
| 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 | $47,722 | |
| Interest $1,939,000 at 6.00%, interest only | −$116,340 | |
| Cash flow before tax | −$68,618 | |
| Cash flow a week | −$1,320 | |
| Gross / net yield on the price | 2.1% / 1.7% | |
| Return on equity cash flow on the deposit, before tax | −8.3% | |
| Loses money above this interest rate, before tax | 2.46% | |
The rent covers the interest at rates up to 2.46%. That is -8.3% a year on a $831k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area250 m²
- Land area5,339 m²
- Decade built1990s
- Bedrooms4
- Bathrooms3
- Parking4 car spaces
- Property categoryUse not published
- CouncilQueenstown-Lakes District
- Valuation #29082-3908
- 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 number889185
- Title typeFreehold
- Legal descriptionLot 1 Deposited Plan 536086
Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.
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.
If it is yours, claiming it puts the council record, the title and what it costs you to hold in one place — and lets you put your lending, insurance and power out to people who compete for them.
We check your name against the registered owner on the title before a claim is accepted. Nothing on this page changes for anyone else, and no provider is contacted until you ask.
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 Lake Hāwea
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.
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
Claim it, then find everything else you own.
A single search across NZ property records finds other titles in your name and in companies you are a director of. Most owners find at least one they had forgotten was held somewhere else.