10 Divers Lane, Wānaka
Queenstown-Lakes District
Negotiation
- 2
- 2
- 3
- 156m²
- 2,315 m²
- House
- 3 Garage
More Land. More Options.
If you've been searching for more space without giving up the convenience of being close to Wanaka, this property deserves another look.
Set in a peaceful, elevated position, this generous 2,315sqm property offers lovely mountain views, room for the kids to kick a ball and plenty of space to create something special – yet you can still walk to the lake and town.
Already in place is a quality 65sqm (approx) Stage 1 dwelling, giving you the freedom to enjoy the property now while considering your plans for the future. One level, it features high-stud living, a galley-style kitchen, generous glazing and full-height doors, a main bedroom, tiled bathroom with undertile heating and an additional north-facing room currently used as a bedroom but equally suited to extra living.
Then there's the impressive 9m x 8.8m fully insulated and carpeted garage. With its own bathroom, laundry and heat pump, this is an incredibly versatile space for vehicles, storage, hobbies, teenagers or guests.
The formed driveway and fully fenced grounds are already taken care of, while the size of the site leaves plenty of room to plan a future main home.
Located just off Studholme Road, with Heaton Park and Far Horizon nearby, this is a part of Wanaka where larger sites and quality homes are well established.
The owners have purchased elsewhere and are motivated to sell. If space, location and future potential are on your wish list, come and see what you could do here.
For more information contact Anna Findlay
What is rental yield?
Gross rental yield is a year’s rent as a share of what the property is worth: $1,120 × 52 weeks = $58,240, against our estimate of $2,270,000. 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 |
|---|---|---|
| 1 rental advertised nearby each adjusted to this property’s bedrooms and value | $1,383 | 3% |
| From its value what rentals in the area typically yield | $1,114 | 97% |
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.
| Address | Beds | Asked | As this one | When | Away |
|---|---|---|---|---|---|
| 7 Landsborough Lanerealestate.co.nz ↗ | 4 | $1,150 | $1,383 | Oct 2026 | 3.3 km |
These are computer-generated guides only, not a rental appraisal.
Sign in to rate this property, keep private notes on it and record what you think it is worth. Only you see them.
Home 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.
What it would cost to buy 10 Divers Lane
CCB · special
KookminThe lowest rather than the highest is $449 less a fortnight — about $11,672 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$4,343/fn
ICBC4.65%s$4,424/fn
Bank of China4.68%s$4,440/fn
AIA New Zealand4.99%$4,601/fn
ANZ Bank New Zealand4.99%s$4,601/fn
ASB Bank4.99%$4,601/fn
Bank of Baroda4.99%$4,601/fn
Police Credit Union4.99%$4,601/fn
SBS Bank4.99%s$4,601/fn
TSB Bank4.99%s$4,601/fn
Unity Credit Union4.99%s$4,601/fn
Kiwibank5.15%s$4,685/fn
Bank of New Zealand5.19%$4,706/fn
The Co-operative Bank5.19%s$4,706/fn
Westpac New Zealand5.19%s$4,706/fn
First Credit Union5.29%s$4,759/fn- Kookmin Bank Auckland Branch5.35%$4,791/fn
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
10 Divers Lane as a rental
| Line | ||
|---|---|---|
| Price Council valuation | ||
| Deposit | ||
| Interest rate 5.01% is today’s 1-year average | ||
| Rent a week our estimate $1,120 | ||
| Property manager | ||
| Rent, 52 weeks | $58,240 | |
| 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 | $47,936 | |
| Interest $1,627,500 at 5.01%, interest only | −$81,538 | |
| Cash flow before tax | −$33,602 | |
| Cash flow a week | −$646 | |
| Gross / net yield on the price | 2.5% / 2.1% | |
| Return on equity cash flow on the deposit, before tax | −4.8% | |
| Loses money above this interest rate, before tax | 2.95% | |
The rent covers the interest at rates up to 2.95%. That is -4.8% a year on a $698k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area156 m²
- Land area2,315 m²
- Decade built2020s
- Bedrooms4
- Bathrooms2
- Parking2 car spaces
- Property categoryUse not published
- CouncilQueenstown-Lakes District
- Valuation #29053-75488
- 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 number924075
- Title typeFreeholdGuaranteedStandard registered title
- Estate descriptionFee Simple, 1/1, Lot 3 Deposited Plan 544609, 2,315 m2
- Legal descriptionLot 3 Deposited Plan 544609
- Title issued21 Feb 2020
- Land districtOtago
Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.
Another agency selling this property too, or is it for rent? Import that listing and it shows beside this one.
Building consents
Building work the council has consented on this property, newest first. 1 consent on record.
- 8 Dec 2021New$400,000 declared
Construct a 2 bedroom house with attached garage - 10 Divers Lane, Wanaka
Consent BC211523 · Queenstown-Lakes District
If it is yours, claiming it puts the council record, the title and what it costs you to hold in one place — and lets you put your lending, insurance and power out to people who compete for them.
We check your name against the registered owner on the title before a claim is accepted. Nothing on this page changes for anyone else, and no provider is contacted until you ask.
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 Wānaka
17 people looked at properties in Wānaka 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.
Agents active in Wānaka
People whose office is within 5 km of Wānaka, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Claim it, then find everything else you own.
A single search across NZ property records finds other titles in your name and in companies you are a director of. Most owners find at least one they had forgotten was held somewhere else.