Estimate $673k – $854k
2
502/16 Mountain Ash Drive, Frankton
Shared parcel · 3,776 m² · LINZ
Unclaimed
511/16 Mountain Ash Drive, Frankton
Queenstown · Queenstown-Lakes District
Last sold Aug 2022
OwnBetter estimate
$762k
Medium confidence
We estimate it would sell for $762,000 as at 5 October 2026, in a range of $684,000 to $867,000.
Typical home in Frankton
$1.26m
The median of our estimates of its 1,390 homes
$684kLow
$700kCouncil value
$762kEstimate
$867kHigh
How we worked this out
| Council valuation, Sept 2024 | $700,000 |
|---|---|
| Market movement in Queenstown-Lakes District since the council valuation | +6.4% |
| How Frankton sells against council values | −0.3% |
| Homes of this age in Frankton | −0.9% |
| Homes in this price range | −1.1% |
| Land as a share of the value | +0.3% |
| Nearby recent sales (15) | +1.0% |
| Its own sale in 2022 | +3.3% |
| Our estimate | $762,000 |
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.
My notes
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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 511/16 Mountain Ash Drive
Estimated repayments
$1,419
$608,000 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 · specialAverage5.03%
Highest5.35%
Kookmin
KookminThe lowest rather than the highest is $147 less a fortnight — about $3,815 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$1,419/fn
ICBC4.65%s$1,446/fn
Bank of China4.68%s$1,451/fn
AIA New Zealand4.99%$1,504/fn
ANZ Bank New Zealand4.99%s$1,504/fn
ASB Bank4.99%$1,504/fn
Bank of Baroda4.99%$1,504/fn
Police Credit Union4.99%$1,504/fn
Unity Credit Union4.99%s$1,504/fn
Kiwibank5.15%s$1,531/fn
Bank of New Zealand5.19%$1,538/fn
SBS Bank5.19%s$1,538/fn
The Co-operative Bank5.19%s$1,538/fn
TSB Bank5.19%s$1,538/fn
Westpac New Zealand5.19%s$1,538/fn
First Credit Union5.29%s$1,556/fn- Kookmin Bank Auckland Branch5.35%$1,566/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 511/16 Mountain Ash Drive. 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
511/16 Mountain Ash Drive as a rental
Rent estimate$665/wk$580–$760 · Little evidence
Gross yield4.5%$34,580 a year on $762k
Net yield3.7%After $6,118 of costs
Cash flow+$31/wk30% deposit, interest only at 5.03%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate 5.03% is today’s 1-year average | ||
| Rent a week our estimate $665 | ||
| Property manager | ||
| Rent, 52 weeks | $34,580 | |
| Empty between tenants 2 weeks | ||
| Property management 9.2% incl. GST | ||
| Maintenance 5% of rent | ||
| Council rates this year | ||
| Landlord insurance the building | ||
| Body corporate levy operating levy | ||
| Net income before interest | $28,462 | |
| Interest $533,400 at 5.03%, interest only | −$26,830 | |
| Cash flow before tax | +$1,632 | |
| Cash flow a week | +$31 | |
| Gross / net yield on the price | 4.5% / 3.7% | |
| Return on equity cash flow on the deposit, before tax | 0.7% | |
| Loses money above this interest rate, before tax | 5.34% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 5.34%. That is 0.7% a year on a $229k deposit. We don’t know this unit’s body corporate levy yet: type it in, or ask the agent for the disclosure statement. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area69 m²
- Decade built2020s
- Bedrooms2
- Bathrooms1
- Property categoryUse not published
- CouncilQueenstown-Lakes District
- Valuation #29101-48575-BY
- 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 number955446
- Title typeUnit Title
- Estate descriptionStratum in Freehold, 1/1, Principal Unit 511 and Accessory Unit 12 Deposited Plan 552047
- Legal descriptionPrincipal Unit 511 and Accessory Unit 12 Deposited Plan 552047
- Title issued30 Oct 2020
- Land districtOtago
Registered instruments2 registered instruments on this title, 11 on the buildingEasement Instrument ×5 · Consent Notice under s221(4)(a) Resource Management Act 1991 ×4 · Application for Deposit of Unit Title Plan · Encumbrance · Mortgage · Unit Titles Act 2010 - Assessment of ownership interests - s32(2)(b) & (3)(b) 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
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 · 11 land use or subdivision consents within 250 m.
On this property
- 30 Aug 2019Subdivision
SUBDIVISION 80 UNIT APARTMENT BLOCK BY WAY OF UNIT TITLE AT MOUNTAIN ASH DRIVE, REMARKABLES PARK, FRANKTON
RM190504 · Queenstown-Lakes DistrictGranted
Within 250 m
- 11 Feb 2025Subdivision
REMARKABLES PARK LIMITED - SUBDIVISION TO CREATE SINGLE ADDITIONAL LOT, LOT 2 THAT WILL BE 8017M2 IN SIZE, TO OCCUR IN ADVANCE OF SUBDIVISION APPROVED BY RM240026. VARIATION OF RM240026 SOUGHT TO UPDATE SCHEME PLAN TO REFLECT LOT 2 BEING CREATED AT MOUNTAIN ASH DRIVE, FRANKTON, QUEENSTOWN
RM250060 · Queenstown-Lakes District102 mGranted - 8 May 2024Subdivision
REMARKABLES PARK LIMITED - APPLICATION TO UNDERTAKE A 4 LOT SUBDIVISION, AND 2 LOTS TO VEST AS ROAD, 1 LOT TO VEST AS RESERVE AT MOUNTAIN ASH DRIVE AND PIN OAK AVENUE, FRANKTON, QUEENSTOWN
RM240026 · Queenstown-Lakes District102 mGranted - 20 Mar 2023Land use
THE SALVATION ARMY NEW ZEALAND TRUST - TO CHANGE THE CONDITIONS OF RM190417 (AS VARIED BY RM211041) RELATING TO THE EXTERNAL APPEARANCE OF THE BUILDING, SIGNAGE, AND THE ADDITION OF RETAINING WALLS AT 8 PIN OAK AVENUE, REMARKABLES PARK, QUEENSTOWN
RM230126 · Queenstown-Lakes District100 mGranted - 10 Mar 2023Land use
REMARKABLE ASSETS LIMITED - EXTEND THE LAPSE PERIOD OF RM180848 BY 5 YEARS AT 71 RED OAKS DRIVE, FRANKTON, QUEENSTOWN
ET180848 · Queenstown-Lakes District157 mGranted - 10 Mar 2023Land use
REMARKABLE ASSETS LIMITED - APPLICATION TO EXTEND THE LAPSE PERIOD OF RM180847 FOR A PERIOD OF 5 YEARS AT 69 RED OAKS DRIVE, FRANKTON, QUEENSTOWN
ET180847 · Queenstown-Lakes District137 mGranted - 10 Mar 2023Land use
REMARKABLE ASSETS LIMITED - EXTENSION OF LAPSE PERIOD FOR RM180846 AT 67 RED OAKS DRIVE, FRANKTON, QUEENSTOWN
ET180846 · Queenstown-Lakes District148 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
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4Everything else you ownOne search finds other titles in your name and in companies you are a director of.
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
2,446
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. 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
Independent
Sharee AitkenSalesperson
Michael AllenSalesperson
John ArchibaldSalesperson
Liam BeattieSalesperson
Independent
Nicole BellSalesperson
Independent
Peter BennettsSalesperson
Independent
Warren BermanAgent
Independent
Scott BramwellAgent
Tinkerbell Brinsley-TurnerSalesperson
Hemi BrownSalesperson
Julian BrownSalesperson
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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