Shared parcel · 7,492 m² · LINZ
Unclaimed

2-24 Cable Lane, Frankton

Also 10 O'Meara Street

Queenstown · Queenstown-Lakes District

Last sold Jun 2017

OwnBetter estimate
$1.36m
Medium confidence

We estimate it would sell for $1,360,000 as at 5 October 2026, in a range of $1,220,000 to $1,550,000.

Typical home in Frankton
$1.26m
The median of our estimates of its 1,390 homes
How we worked this out
Council valuation, Sept 2024$1,090,000
Market movement in Queenstown-Lakes District since the council valuation+6.4%
Apartments and houses in Queenstown-Lakes District+0.6%
Recent sales in this building+7.0%
How Frankton sells against council values−0.3%
Homes of this age in Frankton−0.9%
Homes in this price range+1.0%
Land as a share of the value+0.3%
Nearby recent sales (15)+2.3%
Its own sale in 2017+6.6%
Our estimate$1,360,000

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 and its own last sale 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 2 Cable Lane · Unit Title One of 56 units on Deposited Plan 538105. 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

Mortgage: open the section
$5,506a 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 2-24 Cable Lane

Every rate from 36 lenders →
Estimated repayments
$2,540
$1,088,000 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
Average5.03%
Highest5.35%Kookmin

The lowest rather than the highest is $263 less a fortnight — about $6,827 over the 1 year.

All 17 lenders at 1 year fixed
  • China Construction Bank4.49%s$2,540/fn
  • ICBC4.65%s$2,588/fn
  • Bank of China4.68%s$2,597/fn
  • AIA New Zealand4.99%$2,691/fn
  • ANZ Bank New Zealand4.99%s$2,691/fn
  • ASB Bank4.99%$2,691/fn
  • Bank of Baroda4.99%$2,691/fn
  • Police Credit Union4.99%$2,691/fn
  • Unity Credit Union4.99%s$2,691/fn
  • Kiwibank5.15%s$2,741/fn
  • Bank of New Zealand5.19%$2,753/fn
  • SBS Bank5.19%s$2,753/fn
  • The Co-operative Bank5.19%s$2,753/fn
  • TSB Bank5.19%s$2,753/fn
  • Westpac New Zealand5.19%s$2,753/fn
  • First Credit Union5.29%s$2,784/fn
  • Kookmin Bank Auckland Branch5.35%$2,803/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 2-24 Cable 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

2-24 Cable Lane as a rental

Rent estimate$885/wk$770–$1,020 · Little evidence
Gross yield3.4%$46,020 a year on $1.36m
Net yield2.8%After $8,142 of costs
Cash flow−$192/wk30% deposit, interest only at 5.03%
Rent, 52 weeks$46,020
Empty between tenants 2 weeks−$1,770
Property management 9.2% incl. GST−$4,071
Maintenance 5% of rent−$2,301
Council rates this yearNot known
Landlord insurance the buildingNot known
Net income before interest$37,878
Interest $952,000 at 5.03%, interest only−$47,886
Cash flow before tax−$10,008

The rent covers the interest at rates up to 3.98%. That is -2.5% a year on a $408k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area135 m²
  • Decade built2020s
  • Bedrooms1
  • Bathrooms1
  • Property categoryUse not published
  • CouncilQueenstown-Lakes District
  • Valuation #29102-11051-B
  • 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 number896492
  • Title typeUnit Title
  • Estate descriptionStratum in Freehold, 1/1, Principal Unit 2 and Accessory Unit 2A, 2B Deposited Plan 538105
  • Legal descriptionPrincipal Unit 2 and Accessory Unit 2A, 2B Deposited Plan 538105
  • Title issued26 Jun 2020
  • Land districtOtago
  • Addresses on this property36
Instruments on this title3 registered instrumentsEncumbrance ×2 · Mortgage 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

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

Resource consents

What the council has been asked to allow under the Resource Management Act. 1 on this property · 22 land use or subdivision consents within 250 m.

On this property

  1. 16 Nov 2020
    Land use

    R GILBERT & A PISANO - APPLICATION UNDER S88 OF THE RMA FOR USE OF THE RESIDENTIAL UNIT FOR UP TO SIX GUESTS FOR 180 DAYS PER YEAR AT 4 CABLE LANE, FRANKTON

    RM200906 · Queenstown-Lakes District
    Granted

Within 250 m

  1. 6 Nov 2023
    Land use

    CALDER GROUP LIMITED - S127 TO VARY CONDITION 1 (RM221085) ALTER THE COMMERCIAL BUILDING DESIGN, HEIGHT, REMOVAL OF UNDERGROUND CARPARK AT 312 HAWTHORNE DRIVE, FRANKTON, QUEENSTOWN

    RM230833 · Queenstown-Lakes District
    193 mGranted
  2. 9 Oct 2023
    Land use

    FOODSTUFFS SOUTH ISLAND LIMITED - S127 TO VARY CONDITION 1 OF RM130524 (AS VARIED BY RM160490 AND RM140585) TO AMEND THE VEHICLE DELIVERY ROUTE AND RECONFIGURATION OF LOADING ACTIVITIES WITHIN THE EXISTING PAK’NSAVE QUEENSTOWN SUPERMARKET AT 302 HAWTHORNE DRIVE, FRANKTON, QUEENSTOWN

    RM230702 · Queenstown-Lakes District
    168 mGranted
  3. 14 Dec 2022
    Land use

    CALDER DEVELOPMENTS LIMITED - LAND USE CONSENT FOR THE CONSTRUCTION OF A COMMERCIAL BUILDING, WITH ASSOCIATED BREACHES RELATING TO ZONING, TRANSPORT, SIGNAGE AND EARTHWORKS STANDARDS AT 1 GLENDA DRIVE & 312 HAWTHORNE DRIVE, FRANKTON, QUEENSTOWN

    RM221085 · Queenstown-Lakes District
    193 mGranted
  4. 21 Nov 2022
    Land use

    TAHUNA DEVELOPMENTS LIMITED - SECTION 127 VARIATION TO CONDITIONS OF RM190076 (AS VARIED BY RM200657 AND RM210444) TO ALLOW FOR ADDITIONAL SIGNAGE PLATFORMS ON THE CONSENTED BUILDING ELEVATIONS AT 297 HAWTHORNE DRIVE, FRANKTON FLATS, QUEENSTOWN

    RM220986 · Queenstown-Lakes District
    94 mGranted
  5. 9 May 2022
    Land use

    FOODSTUFFS SOUTH ISLAND PROPERTIES LIMITED - INSTALLATION OF SIGNAGE ASSOCIATED WITH THE CLICK & COLLECT SERVICE AT PAK'N SAVE, 302 HAWTHORNE ROAD, QUEENSTOWN

    RM220203 · Queenstown-Lakes District
    168 mGranted
  6. 29 Jun 2021
    Land use

    HAWTHORNE 314 LIMITED - CONSTRUCTION OF A NEW COMMERCIAL BUILDING AND NEW SIGNAGE AT 314 HAWTHORNE DRIVE, FRANKTON, QUEENSTOWN

    RM210510 · Queenstown-Lakes District
    213 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 Frankton

Queenstown-Lakes District
2,446
Properties on the rating roll
1 Sep 2024
Last council revaluation
Buyer demand

8 people looked at properties in Frankton this week.

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 Frankton

People whose office is within 5 km of Frankton, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.

Independent
Bronte AdamsSalesperson
Walker & CoOffice in this suburbView profile →
Independent
Sharee AitkenSalesperson
Office in this suburbView profile →
Michael AllenSalesperson
Bayleys (Queenstown And Southern NZ Realty)Office in this suburbView profile →
John ArchibaldSalesperson
Bayleys (Queenstown And Southern NZ Realty)Office in this suburbView profile →
Liam BeattieSalesperson
Bayleys (Queenstown And Southern NZ Realty)Office in this suburbView profile →
Independent
Nicole BellSalesperson
Office in this suburbView profile →
Independent
Peter BennettsSalesperson
Walker & CoOffice in this suburbView profile →
Independent
Warren BermanAgent
Mackersy PropertyOffice in this suburbView profile →
Independent
Scott BramwellAgent
Office in this suburbView profile →
Tinkerbell Brinsley-TurnerSalesperson
New Zealand Sotheby's International Realty FranktonOffice in this suburbView profile →
Hemi BrownSalesperson
Bayleys (Queenstown And Southern NZ Realty)Office in this suburbView profile →
Julian BrownSalesperson
New Zealand Sotheby's International Realty FranktonOffice in this suburbView profile →
Who sold the most in Frankton →

The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.

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