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Negotiation
4 4 7
Rangi Nui - Private Alpine Sanctuary
281 Lower Shotover Road, Speargrass Flat
Sotheby's - Queenstown
Title boundary · 166,839 m² · LINZ
Unclaimed
2/188 Domain Road, Speargrass Flat
Also 188 Domain RoadQueenstown · Queenstown-Lakes District
Last sold Feb 2007
OwnBetter estimate
$7.61m
Low confidence
We estimate it would sell for $7,610,000 as at 5 October 2026, in a range of $6,260,000 to $9,280,000.
Typical home in Speargrass Flat
$5.66m
The median of our estimates of its 250 homes
$6.26mLow
$7.04mCouncil value
$7.61mEstimate
$9.28mHigh
How we worked this out
| Council valuation, Sept 2024 | $7,040,000 |
|---|---|
| Market movement in Queenstown-Lakes District since the council valuation | +6.4% |
| Apartments and houses in Queenstown-Lakes District | +0.6% |
| How Speargrass Flat sells against council values | +0.8% |
| Homes of this age in Speargrass Flat | +0.1% |
| Homes in this price range | +0.2% |
| Land as a share of the value | +0.3% |
| Nearby recent sales (6) | −0.3% |
| Our estimate | $7,610,000 |
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 2/188 Domain Road
Estimated repayments
$14,214
$6,088,000 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
CCB · specialAverage5.02%
Highest5.35%
Kookmin
KookminThe lowest rather than the highest is $1,469 less a fortnight — about $38,203 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$14,214/fn
ICBC4.65%s$14,482/fn
Bank of China4.68%s$14,532/fn
AIA New Zealand4.99%$15,059/fn
ANZ Bank New Zealand4.99%s$15,059/fn
ASB Bank4.99%$15,059/fn
Bank of Baroda4.99%$15,059/fn
Police Credit Union4.99%$15,059/fn
TSB Bank4.99%s$15,059/fn
Unity Credit Union4.99%s$15,059/fn
Kiwibank5.15%s$15,335/fn
Bank of New Zealand5.19%$15,404/fn
SBS Bank5.19%s$15,404/fn
The Co-operative Bank5.19%s$15,404/fn
Westpac New Zealand5.19%s$15,404/fn
First Credit Union5.29%s$15,578/fn- Kookmin Bank Auckland Branch5.35%$15,683/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 2/188 Domain 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
2/188 Domain Road as a rental
Rent estimate$1,115/wk$970–$1,280 · Little evidence
Gross yield0.8%$57,980 a year on $7.61m
Net yield0.6%After $10,258 of costs
Cash flow−$4,225/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 $5,327,000 at 5.02%, interest only | −$267,415 | |
| Cash flow before tax | −$219,693 | |
| Cash flow a week | −$4,225 | |
| Gross / net yield on the price | 0.8% / 0.6% | |
| Return on equity cash flow on the deposit, before tax | −9.6% | |
| Loses money above this interest rate, before tax | 0.90% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 0.90%. That is -9.6% a year on a $2.28m deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area482 m²
- Decade built2000s
- Bedrooms5
- Bathrooms3
- Parking2 car spaces
- Property categoryUse not published
- CouncilQueenstown-Lakes District
- Valuation #29071-20704
- 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 number6670
- Title typeFreehold, with a 1/8 share of common landGuaranteedStandard registered titleRight to take water
- Estate descriptionFee Simple, 1/1, Lot 2 Deposited Plan 301618, 3,616 m2; Fee Simple, 1/8, Lot 6 Deposited Plan 301618, 162,890 m2
- Legal descriptionLot 2 Deposited Plan 301618; Lot 6 Deposited Plan 301618
- Land area3,616 m²
- Shared land1/8 share of 16.3 ha common lot · held with 7 other places
- Title issued27 Aug 2001
- Land districtOtago
- Addresses on this property2
Right to take water. The land holds a right, registered on the title, to take or dam water from a stream, river or water race. How much, from where and on what terms is in the instrument that created it. Taking water can also need council consent, which this right does not give.
Registered instruments11 registered instruments on this title, +1 statutory memorialEasement Certificate ×3 · Grant of Easement Without Transfer ×2 · Consent Notice under s221(4)(a) Resource Management Act 1991 · Covenant (All types except Land covenants) · Easement Instrument · Encumbrance · Order for New Certificate of Title · Transfer 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. 15 consents on record.
- 7 Aug 2018Adds/Alts$900,000 declared
Lot 3, Domain Road, Wakatipu - renovations, 2 new bathroom, reconfigure layout, new lift shaft, enclose verandas and new entry canopy, 2 new fires.
Consent BC180440 · Queenstown-Lakes District - 3 May 2016Adds/Alts$7,000 declared
188 Domain Road - Shed Added to West end of Garage
Consent BC160505 · Queenstown-Lakes District - 14 Dec 2015Adds/Alts$190,000 declared
Foundation And Slab Only
Consent BC131333 · Queenstown-Lakes District - Date not publishedNew$2,000,000 declared
New Dwelling
Consent BC140882 · Queenstown-Lakes District - Date not publishedNew$2,600,000 declared
New Dwelling
Consent BC140270 · Queenstown-Lakes District - Date not publishedNew$25,000 declared
New Shed
Consent BC020090 · Queenstown-Lakes District - Date not publishedAdds/Alts$150,000 declared
Alterations To Exisitng Dwelling
Consent BC088141 · Queenstown-Lakes District - Date not publishedNew$56,000 declared
Construction Of Workshop/Art Studio
Consent BC001252 · Queenstown-Lakes District - Date not publishedNew$2,000,000 declared
Erect New Dwelling
Consent BC041051 · Queenstown-Lakes District - Date not publishedNew$385,000 declared
Construct New House
Consent BC010746 · Queenstown-Lakes District
Resource consents
What the council has been asked to allow under the Resource Management Act. 1 on this property · 4 land use or subdivision consents within 250 m.
On this property
- 17 Nov 2016Discharge permit
To discharge treated domestic wastewater to land for the purpose of disposal of wastewater from eight residential properties
RM16.328.01 · Otago RegionalGranted
Within 250 m
- 9 Mar 2018Land use
ESTABLISH A RESIDENTIAL FLAT & UNDERTAKE ALTERATIONS TO AN EXISTING DWELLING, WITH PARTS OUTSIDE THE RESIDENTIAL BUILDING PLATFORM, & VARY CONDITIONS OF A CONSENT NOTICE AT LOT 3 DP 301618 DOMAIN ROAD, SPEAGRASS FLAT
RM180353 · Queenstown-Lakes District98 mGranted - 2 Oct 2017Land use
VARIATION TO RM150731 TO INCLUDE A NEW RACE AND TO ESTABLISH A NEW PARKING AREA AT 210 DOMAIN ROAD WAKATIPU BASIN
RM171061 · Queenstown-Lakes District223 mGranted - 24 May 2017Land use
To construct up to two bores for the purpose of accessing groundwater with one production bore
RM17.142.01 · Otago Regional223 mGranted - 19 May 2016223 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 Speargrass Flat
Queenstown-Lakes District
282
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 Speargrass Flat
People whose office is within 5 km of Speargrass Flat, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Independent
Theresa ChapmanSalesperson
Independent
Lily DykesSalesperson
Independent
Bernard O'MalleyAgent
Independent
Harry HollyerAgent
Independent
Natalie TothSalesperson
Independent
Thomas MacaulaySalesperson
Independent
Bronte AdamsSalesperson
Independent
Peter BennettsSalesperson
Independent
Adam EvansSalesperson
Independent
Claire GreenwoodSalesperson
Independent
Marc HamiltonSalesperson
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Barry LittenAgent
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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