Finding a picture…
Estimate $1.51m – $1.92m
4
39 Robertson Street, Frankton
Title boundary · 1,530 m² · LINZ
Unclaimed
2 Cresta Lane, Frankton
Queenstown · Queenstown-Lakes District
Rent estimate · 23 Oct 2026
$880 – $1,160/week
Most likely about $1,010 a week · Little evidence: a rough guide
Estimated rental yield
3.0%
What is rental yield?
Gross rental yield is a year’s rent as a share of what the property is worth: $1,010 × 52 weeks = $52,520, against our estimate of $1,760,000. It is before rates, insurance, maintenance, management and vacancies, so what an owner keeps (the net yield) is lower.
How we worked this out
| Evidence | Points to | Counted |
|---|---|---|
| From its value what rentals in the area typically yield | $1,009 | 100% |
We read this property as a house with 4 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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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 2 Cresta Lane
Estimated repayments
$3,044
$1,304,000 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 $315 less a fortnight — about $8,183 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$3,044/fn
ICBC4.65%s$3,102/fn
Bank of China4.68%s$3,113/fn
AIA New Zealand4.99%$3,226/fn
ANZ Bank New Zealand4.99%s$3,226/fn
ASB Bank4.99%$3,226/fn
Bank of Baroda4.99%$3,226/fn
Police Credit Union4.99%$3,226/fn
TSB Bank4.99%s$3,226/fn
Unity Credit Union4.99%s$3,226/fn
Kiwibank5.15%s$3,285/fn
Bank of New Zealand5.19%$3,299/fn
SBS Bank5.19%s$3,299/fn
The Co-operative Bank5.19%s$3,299/fn
Westpac New Zealand5.19%s$3,299/fn
First Credit Union5.29%s$3,337/fn- Kookmin Bank Auckland Branch5.35%$3,359/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 2 Cresta 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 Cresta Lane as a rental
Rent estimate$1,010/wk$880–$1,160 · Little evidence
Gross yield3.2%$52,520 a year on $1.63m
Net yield2.7%After $9,292 of costs
Cash flow−$270/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 $1,010 | ||
| Property manager | ||
| Rent, 52 weeks | $52,520 | |
| 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 | $43,228 | |
| Interest $1,141,000 at 5.02%, interest only | −$57,278 | |
| Cash flow before tax | −$14,050 | |
| Cash flow a week | −$270 | |
| Gross / net yield on the price | 3.2% / 2.7% | |
| Return on equity cash flow on the deposit, before tax | −2.9% | |
| Loses money above this interest rate, before tax | 3.79% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 3.79%. That is -2.9% a year on a $489k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area240 m²
- Decade built1980s
- Bedrooms4
- Bathrooms2
- Parking1 car space
- Property categoryUse not published
- CouncilQueenstown-Lakes District
- Valuation #29103-30500
- 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 numberOT11A/423
- Title typeFreehold, with a 1/9 share of common land
- Legal descriptionLot 19 Deposited Plan 19872; Lot 26 Deposited Plan 19872
- Land area805 m²
- Shared land1/9 share of 721 m² common lot · held with 7 other places
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
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. None on this property · 22 land use or subdivision consents within 250 m.
Within 250 m
- 5 Aug 2024Land use
M, S & S IDE - CONSTRUCT A SECOND RESIDENTIAL UNIT THAT BREACHES SITE DENSITY, HEIGHT AND BOUNDARY SETBACK REQUIREMENTS, WITH ASSOCIATED EARTHWORKS THAT BREACH THE BOUNDARY SETBACK AT 50 MARINA DRIVE, FRANKTON, QUEENSTOWN
RM240593 · Queenstown-Lakes District146 mGranted - 4 Jul 2024Land use
LAKES MARINA PROJECTS LIMITED - TO ESTABLISH AN OFF-SITE PLINTH SIGN ASSOCIATED WITH THE QUEENSTOWN MARINA AT 835 FRANKTON ROAD, FRANKTON, QUEENSTOWN
RM240488 · Queenstown-Lakes District163 mGranted - 16 Apr 2024Land use
ALTITUDE BREWING LIMITED - APPLICATION TO CONSTRUCT A BUILDING AND THE INSTALLATION OF SEVEN OUTDOOR BEER STORAGE TANKS AT 825 FRANKTON ROAD, FRANKTON, QUEENSTOWN
RM240249 · Queenstown-Lakes District238 mGranted - 8 Sep 2023Land use
ALTITUDE BREWING LIMITED - THE CONSTRUCTION OF AN AWNING STRUCTURE TO PROVIDE WEATHER RELIEF TO AN OUTDOOR LICENCED AREA AT 827 FRANKTON ROAD, QUEENSTOWN
RM230610 · Queenstown-Lakes District238 mGranted - 15 Jun 2022Land use
ALTITUDE BREWING LIMITED - APPLICATION UNDER SECTION 127 OF THE RESOURCE MANAGEMENT ACT 1991 (RMA) TO CHANGE LAND USE CONDITION 1 OF RM210716 TO REMOVE FIVE CAR PARKING BAYS, SUCH THAT NO CAR PARKING IS PROVIDED ON SITE AT 827 FRANKTON ROAD, QUEENSTOWN
RM220490 · Queenstown-Lakes District238 mGranted - 18 Mar 2022Land use
MARAND INVESTMENTS LIMITED - APPLICATION UNDER SECTION 88 OF THE RESOURCE MANAGEMENT ACT 1991 (RMA) FOR LAND USE CONSENT TO OPERATE A VISITOR ACCOMMODATION ACTIVITY FOR UP TO 365 NIGHTS PER YEAR, AND FOR UP TO 8 GUESTS AT 5 VISCOUNT LANE, FRANKTON
RM220184 · Queenstown-Lakes District227 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 Frankton
Queenstown-Lakes District
2,703
Properties on the rating roll
1 Sep 2024
Last council revaluation
Buyer demand
10 people looked at properties in Frankton this week.
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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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.
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Bronte AdamsSalesperson
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Sharee AitkenSalesperson
Michael AllenSalesperson
John ArchibaldSalesperson
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