Estimate $2.60m – $4.02m
4
138 Alpine Retreat Road, Ben Lomond
Title boundary · 6,871 m² · LINZ
Unclaimed
22 Summit Lane, Ben Lomond
Queenstown · Queenstown-Lakes District
Last sold Dec 2013
OwnBetter estimate
$4.25m
Low confidence
We estimate it would sell for $4,250,000 as at 5 October 2026, in a range of $3,390,000 to $5,250,000.
Typical home in Ben Lomond
$2.23m
The median of our estimates of its 91 homes
$3.39mLow
$4.0mCouncil value
$4.25mEstimate
$5.25mHigh
How we worked this out
| Council valuation, Sept 2024 | $4,000,000 |
|---|---|
| Market movement in Queenstown-Lakes District since the council valuation | +6.4% |
| How Ben Lomond sells against council values | −0.2% |
| Homes in this price range | −0.1% |
| Land as a share of the value | −0.1% |
| Nearby recent sales (2) | +0.2% |
| Our estimate | $4,250,000 |
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.
My notes
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Sign in for the free reportHome 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.
Home loan
Every rate from 36 lenders →What it would cost to buy 22 Summit Lane
Estimated repayments
$7,938
$3,400,000 at 4.49% 1 year fixed with China Construction Bank, over 30 years Loan length
1 year fixed today · 17 lenders
Lowest4.49%
CCB · special
CCB · specialAverage5.02%
Highest5.35%
Kookmin
KookminThe lowest rather than the highest is $821 less a fortnight — about $21,336 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$7,938/fn
ICBC4.65%s$8,088/fn
Bank of China4.68%s$8,116/fn
AIA New Zealand4.99%$8,410/fn
ANZ Bank New Zealand4.99%s$8,410/fn
ASB Bank4.99%$8,410/fn
Bank of Baroda4.99%$8,410/fn
Police Credit Union4.99%$8,410/fn
TSB Bank4.99%s$8,410/fn
Unity Credit Union4.99%s$8,410/fn
Kiwibank5.15%s$8,564/fn
Bank of New Zealand5.19%$8,603/fn
SBS Bank5.19%s$8,603/fn
The Co-operative Bank5.19%s$8,603/fn
Westpac New Zealand5.19%s$8,603/fn
First Credit Union5.29%s$8,700/fn- Kookmin Bank Auckland Branch5.35%$8,759/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 22 Summit Lane. Free for you — lenders pay brokers — and nobody sees your name until you choose one.
Principal and interest at the lowest advertised card rate, held for the whole loan — no New Zealand rate is. A guide, not a lending offer or financial advice. How much could you borrow? · Mortgage calculator
Investor insights
22 Summit Lane as a rental
Rent estimate$1,115/wk$970–$1,280 · Little evidence
Gross yield1.4%$57,980 a year on $4.25m
Net yield1.1%After $10,258 of costs
Cash flow−$1,954/wk30% deposit, interest only at 5.02%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate 5.02% is today’s 1-year average | ||
| 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 $2,975,000 at 5.02%, interest only | −$149,345 | |
| Cash flow before tax | −$101,623 | |
| Cash flow a week | −$1,954 | |
| Gross / net yield on the price | 1.4% / 1.1% | |
| Return on equity cash flow on the deposit, before tax | −8.0% | |
| Loses money above this interest rate, before tax | 1.60% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 1.60%. That is -8.0% a year on a $1.27m deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area209 m²
- Decade built2010s
- Bedrooms4
- Bathrooms2
- Parking2 car spaces
- Property categoryUse not published
- CouncilQueenstown-Lakes District
- Valuation #29073-9317
- 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 number1892
- Title typeFreeholdGuaranteedStandard registered title
- Estate descriptionFee Simple, 1/1, Lot 7 Deposited Plan 300241, 6,856 m2
- Legal descriptionLot 7 Deposited Plan 300241
- Land area6,871 m²
- Title issued30 Nov 2000
- Land districtOtago
Registered instruments12 registered instruments on this titleConsent Notice under s221(4)(a) Resource Management Act 1991 ×3 · Easement Certificate ×3 · Grant of Easement Without Transfer ×2 · Transfer and Grant of Easement ×2 · Easement Instrument · Mortgage Only routine instruments registered See the title summary →
Owners and the parties to each instrument are not published on this page. Order the record of title to see them.
Getting around
Listings
Selling this property, or the agent for it? Import the listing from your agency's site or a portal and it appears here, free: photos, price, open homes and your details, beside the council record buyers are already reading.
Building consents
Building work the council has consented on this property, newest first. 1 consent on record.
- 24 Aug 2017Adds/Alts$300,000 declared
Lot 7 Summit Lane, Alpine Retreat
Consent BC150809 · Queenstown-Lakes District
Resource consents
What the council has been asked to allow under the Resource Management Act. None on this property · 9 land use or subdivision consents within 250 m.
Within 250 m
- 13 May 2025Land use
P & G JOBLIN AND BM INDEPENDENT TRUSTEE LIMITED - BUILDING A GARAGE OUTSIDE OF THE APPROVED BUILDING PLATFORM AREA ON THE SITE AT ALPINE RETREAT ROAD, BEN LOMOND, QUEENSTOWN
RM250299 · Queenstown-Lakes District243 mGranted - 19 Feb 2025Land use
P & G JOBLIN AND BM INDEPENDENT TRUSTEE LIMITED - TO VARY CONDITION 1 OF RM220506 TO PROVIDE FOR ADDITIONAL EARTHWORKS AT LOT 8 LAKERIDGE ROAD, BEN LOMOND, QUEENSTOWN
RM250103 · Queenstown-Lakes District243 mGranted - 20 Dec 2022Land use
K & P GILLINGWATER - APPLICATION TO UNDERTAKE EARTHWORKS ASSOCIATED WITH THE CONSTRUCTION OF A RESIDENTIAL UNIT LOCATED OUTSIDE OF AN APPROVED BUILDING PLATFORM, BREACHING SITE STANDARDS. APPLICATION TO CHANGE CONDITIONS 1 AND 2 OF CONSENT NOTICE 5013189.2 TO ALLOW FOR ALTERNATIVE SERVICING PROVISIO
RM220935 · Queenstown-Lakes District57 mGranted - 7 Dec 2022Land use
J & N ROGERS - ALTERNATIVE FIREFIGHTING ARRANGEMENT ENABLED THROUGH A S127 CHANGE TO CONDITION 1 OF RM221043 AND A CHANGE OF A CONDITION OF CN5013189.2 AT 23 SUMMIT LANE, BEN LOMOND, QUEENSTOWN
RM221043 · Queenstown-Lakes District55 mGranted - 25 Jul 2022Land use
P & G JOBLIN AND BM INDEPENDENT TRUSTEE LIMITED - TO AMEND CONSENT NOTICE 7406570.16 CONDITION (E), TO ENABLE THE CONSTRUCTION OF A RESIDENTIAL UNIT WITH A FLAT ROOF DESIGN FINISHED IN PEBBLE BALLAST AND A RENDERED FINISH ON EXTERIOR WALLS, WITHIN THE APPROVED BUILDING PLATFORM AT LAKERIDGE ROAD, BE
RM220506 · Queenstown-Lakes District243 mGranted - 3 Mar 2021Land use
J ROGERS - CONSTRUCTION OF A RESIDENTIAL UNIT WITH BREACHES OF INTERNAL BOUNDARY SETBACKS AND HEIGHT LIMIT AND ASSOCIATED EARTHWORKS AT SUMMIT LANE, BEN LOMOND, QUEENSTOWN
RM210071 · Queenstown-Lakes District55 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
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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.
We do not hold flood maps for Queenstown-Lakes District yet.
Contaminated land
Councils keep registers of land used for activities on the Hazardous Activities and Industries List (HAIL) — service stations, timber treatment, orchards, landfills. A listing records how land was used, not that it is contaminated: most sites have never been tested.
Otago Regional Council will say more about a listed site on request; quote its HAIL number.
Ask Otago Regional CouncilWhat 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 Ben Lomond
Queenstown-Lakes District
107
Properties on the rating roll
1 Sep 2024
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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Agents active in Ben Lomond
People whose office is within 5 km of Ben Lomond, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Independent
Kathryn LawSalesperson
Independent
Peter NelsonSalesperson
Independent
Gayemarie OsborneAgent
Independent
Warwick OsborneSalesperson
Independent
Robin PretoriusSalesperson
Independent
Rajiv SaklaniSalesperson
Independent
Melissa ShipmanSalesperson
Independent
Vishal SiotraSalesperson
Independent
Abhishek SirohiSalesperson
Independent
Feleki UhrleSalesperson
Independent
Priscilla UhrleBranch Manager
Tabaruk LivaSalesperson
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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