Title boundary · 4,101 m² · LINZ
Unclaimed

3 Closeburn Road, Closeburn

Queenstown · Queenstown-Lakes District

Last sold Mar 2023

Rent estimate · 19 Oct 2026
$970 – $1,280/week
Most likely about $1,115 a week · Little evidence: a rough guide
Estimated rental yield
1.6%
What is rental yield?

Gross rental yield is a year’s rent as a share of what the property is worth: $1,115 × 52 weeks = $57,980, against our estimate of $3,550,000. It is before rates, insurance, maintenance, management and vacancies, so what an owner keeps (the net yield) is lower.

How we worked this out
EvidencePoints toCounted
From its value what rentals in the area typically yield$1,114100%

We read this property as a house with 5 bedrooms. Rentals advertised nearby count most when they are close, recent and alike; the more of them there are, the less the area’s bond figures count. Bond figures are rents agreed in new tenancies, from Tenancy Services, placed within the area by how this property’s council valuation compares with similar homes there.

These are computer-generated guides only, not a rental appraisal.

My notes
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What it costs to live here

Home expense estimates

Mortgage: open the section
$13,361a 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.

Home loan

What it would cost to buy 3 Closeburn Road

Every rate from 36 lenders →
Estimated repayments
$6,164
$2,640,000 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
Average5.02%
Highest5.35%Kookmin

The lowest rather than the highest is $637 less a fortnight — about $16,567 over the 1 year.

All 17 lenders at 1 year fixed
  • China Construction Bank4.49%s$6,164/fn
  • ICBC4.65%s$6,280/fn
  • Bank of China4.68%s$6,302/fn
  • AIA New Zealand4.99%$6,530/fn
  • ANZ Bank New Zealand4.99%s$6,530/fn
  • ASB Bank4.99%$6,530/fn
  • Bank of Baroda4.99%$6,530/fn
  • Police Credit Union4.99%$6,530/fn
  • TSB Bank4.99%s$6,530/fn
  • Unity Credit Union4.99%s$6,530/fn
  • Kiwibank5.15%s$6,650/fn
  • Bank of New Zealand5.19%$6,680/fn
  • SBS Bank5.19%s$6,680/fn
  • The Co-operative Bank5.19%s$6,680/fn
  • Westpac New Zealand5.19%s$6,680/fn
  • First Credit Union5.29%s$6,755/fn
  • Kookmin Bank Auckland Branch5.35%$6,801/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 3 Closeburn Road. 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

3 Closeburn Road as a rental

Rent estimate$1,115/wk$970–$1,280 · Little evidence
Gross yield1.8%$57,980 a year on $3.3m
Net yield1.4%After $10,258 of costs
Cash flow−$1,312/wk30% deposit, interest only at 5.02%
Line
Price Council valuation
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 $2,310,000 at 5.02%, interest only−$115,962
Cash flow before tax−$68,240
Cash flow a week−$1,312
Gross / net yield on the price1.8% / 1.4%
Return on equity cash flow on the deposit, before tax−6.9%
Loses money above this interest rate, before tax2.07%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 2.07%. That is -6.9% a year on a $990k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area400 m²
  • Decade built2020s
  • Bedrooms5
  • Bathrooms3
  • Parking3 car spaces
  • Property categoryUse not published
  • CouncilQueenstown-Lakes District
  • Valuation #29073-15003
  • 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 number783008
  • Title typeFreehold
  • Land area4,090 m²
Registered instruments0 registered instruments on this title 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. 3 consents on record.

  1. 2 Aug 2019
    Adds/Alts$400,000 declared

    3 Closeburn Road (664F Glenorchy-Queenstown Rd) Closeburn, Queenstown 9371. Construct new residence.

    Consent BC190301 · Queenstown-Lakes District
  2. Date not published
    New$210,000 declared

    Erect Dwelling & Garage. The building consent is subject to a modification to the Building Code to the effect the Clause B2.3.1 applies from 31 December 1999 instead of from the time of issue of the code compliance certificate for all building elements of the residence, Main wing as per plans submitted with Building consents BC960004 & BC970254

    Consent BC960004 · Queenstown-Lakes District
  3. Date not published
    Adds/Alts$1,000 declared

    Alteration To Dwelling. The building consent is subject to a modification to the Building Code to the effect the Clause B2.3.1 applies from 31 December 1999 instead of from the time of issue of the code compliance certificate for all building elements of the residence, Main wing as per plans submitted with Building consents BC960004 & BC970254.

    Consent BC970254 · Queenstown-Lakes District

Resource consents

What the council has been asked to allow under the Resource Management Act. None on this property · 6 land use or subdivision consents within 250 m.

Within 250 m

  1. 23 Dec 2024
    Subdivision

    A LOWE & Z BAPTISTE - FOR A BOUNDARY ADJUSTMENT SUBDIVISION BETWEEN PRINCIPAL UNIT 114 AND ACCESSORY UNIT 14A TO ACCOMMODATE A NEW RESIDENTIAL UNIT AT UNIT 14, 31 CLOSEBURN ROAD, CLOSEBURN, QUEENSTOWN

    RM250001 · Queenstown-Lakes District
    163 mGranted
  2. 3 Sep 2024
    Land use

    HEYBOY MANSION LIMITED - TO UNDERTAKE A SUBDIVISION BETWEEN PRINCIPAL UNIT 102 AND ACCESSORY UNIT 2A, AND TO CHANGE CONDITIONS G) I AND H) OF CONSENT NOTICE 12314045.58 AT UNIT 2, 31 CLOSEBURN ROAD, CLOSEBURN, QUEENSTOWN

    RM240682 · Queenstown-Lakes District
    163 mGranted
  3. 26 Nov 2021
    Land use

    S & R WARD - AN EXTENSION OF TIME TO RM160766 AT 667 GLENORCHY-QUEENSTOWN ROAD, CLOSEBURN, QUEENSTOWN

    ET160766 · Queenstown-Lakes District
    195 mGranted
  4. 5 Mar 2021
    Land use

    S WARD - CONSENT FOR 200M3 OF EARTHWORKS ASSOCIATED WITH AN ADDITION TO A RESIDENTIAL UNIT AT 673 GLENORCHY QUEENSTOWN ROAD, QUEENSTOWN

    RM210171 · Queenstown-Lakes District
    214 mGranted
  5. 22 Aug 2016
    Land use

    NEW DWELLING WITH YARD, HEIGHT AND EARTHWORK INFRINGEMENTS AT 667 GLENORCHY - QUEENSTOWN ROAD

    RM160766 · Queenstown-Lakes District
    195 mGranted
  6. 4 Jul 2014
    Subdivision

    UNDERTAKE A SUBDIVISION AND PLAN OF RE-DEVELOPMENT OF UNITS ON DP 20841/B AT 31 CLOSEBURN ROAD, GLENORCHY RURAL

    RM140504 · Queenstown-Lakes District
    163 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 Council

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 Closeburn

Queenstown-Lakes District
88
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. OwnBetter has no estimate for this property. Every council figure on this page can be checked against the council's own record.

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