Aerial · LINZ aerial
Title boundary · 532 m² · LINZ
Unclaimed

21 Aeolus Place, Wānaka

Queenstown-Lakes District

Deadline Sale

  • 3
  • 1
  • 2
  • 110m²
  • 531 m²
  • House

Just a Really Good Home

If you've been scrolling through property listings wondering why every house seems to need either a small fortune, a project manager, or a very optimistic attitude, 21 Aeolus Place might come as a welcome relief.

Sitting on a 531sqm section, this tidy and well maintained three-bedroom home is comfortable, practical.

Inside, the 110sqm layout keeps things straightforward. There are three good sized bedrooms, a family bathroom with integrated laundry, and a cosy living area complete with a log burner for those crisp Wanaka winters. Double glazing helps keep the warmth where it belongs, while the wool carpet in the lounge adds another layer of comfort underfoot.

Outside, there's enough room to enjoy without signing yourself up for a lifetime of weekend landscaping. A single garage plus separate carport takes care of the cars, bikes, skis, tools and the collection of things you swear you'll use again one day.

The home has clearly been looked after, making it an appealing option for first-home buyers, investors, downsizers or anyone who would rather spend their weekends enjoying Wanaka than renovating it.

Three bedrooms, good garaging, a manageable section and a warm, well-kept home.

To be Sold by Deadline Sale 11th November 12pm 2026 (if not sold prior)

Open homes 1

Sat, 7 Nov11:30 am – 12:30 pm
.ics
OwnBetter estimate
$974k
Medium confidence

We estimate it would sell for $974,000 as at 5 October 2026, in a range of $874,000 to $1,110,000.

Typical home in Wānaka
$1.71m
The median of our estimates of its 6,809 homes
How we worked this out
Council valuation, Sept 2024$940,000
Market movement in Queenstown-Lakes District since the council valuation+6.4%
How Wānaka sells against council values−2.6%
Homes of this age in Wānaka+0.3%
Homes in this price range−0.8%
Land as a share of the value−0.1%
Nearby recent sales (15)−0.3%
Its own sale in 2015+0.9%
Our estimate$974,000

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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What it costs to live here

Home expense estimates

—a 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.

Investor insights

21 Aeolus Place as a rental

Rent estimate$755/wk$650–$870 · Little evidence
Gross yield4.0%$39,260 a year on $974k
Net yield3.3%After $6,946 of costs
Cash flow−$165/wk30% deposit, interest only at 6.00%
Line
Price Our estimate
Deposit
Interest rate
Rent a week our estimate $755
Property manager
Rent, 52 weeks$39,260
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$32,314
Interest $681,800 at 6.00%, interest only−$40,908
Cash flow before tax−$8,594
Cash flow a week−$165
Gross / net yield on the price4.0% / 3.3%
Return on equity cash flow on the deposit, before tax−2.9%
Loses money above this interest rate, before tax4.74%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 4.74%. That is -2.9% a year on a $292k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area110 m²
  • Land area531 m²
  • Decade built1980s
  • Bedrooms3
  • Bathrooms1
  • Parking1 car space
  • Property categoryUse not published
  • CouncilQueenstown-Lakes District
  • Valuation #29052-32101
  • 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 number650444
  • Title typeFreehold
  • Legal descriptionLot 2 Deposited Plan 473309
Registered instrumentsChecking the register… See the title summary →

Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.

Getting around

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Building consents

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

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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.

Reading the council's maps…

What could you build here?

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About Wānaka

Queenstown-Lakes District
8,643
Properties on the rating roll
1 Jun 2025
Last council revaluation
Buyer demand

24 people looked at properties in Wānaka 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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