2B Lansdown Street, Wānaka
Queenstown-Lakes District
Deadline Sale
- 3
- 2
- 1
- House
Holiday or live. Earn and enjoy.
Just a three-minute (approx) walk from Lake Wanaka, this architecturally designed 172sqm (approx) property presents a unique opportunity to secure an established accommodation business in a sought-after location. Currently operating as Lansdown Luxury Apartments, the property comprises two self-contained units, offering flexibility for guest accommodation and an established income stream. The first unit features a bedroom, ensuite, kitchenette, lounge area and a private porch/garden, while the second spans two levels, with two bedrooms, open-plan living and dining - including in an outdoor garden, and features a balcony off the main bedroom. Designed for comfort throughout the seasons, the property features two gas fires, underfloor heating and two heat pumps, creating a welcoming atmosphere for guests. Outside, established gardens provide a peaceful setting, complemented by access to a spa and swimming pool and an inviting terrace complete with a fireplace, BBQ and wood-fired pizza oven - perfect for relaxed evenings and entertaining. Combining architectural design, privacy and an exceptional location close to the lake, Lansdown Apartments offers an appealing opportunity for investors or buyers seeking a lifestyle property with income potential in the heart of Wanaka. Discover a unique Wanaka investment just moments from the lake and a short walk to restaurants and the shops. Call the Donnelly Property Team on 0508 DONNELLY for more information or to view. Deadline Private Treaty (unless sold prior) 1pm, Thu 26 Nov 2026, 62 Ardmore Street, Wanaka.
We estimate it would sell for $1,460,000 as at 5 October 2026, in a range of $1,240,000 to $1,660,000.
How we worked this out
| Council valuation, Sept 2024 | $1,370,000 |
|---|---|
| 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 | +1.8% |
| Homes in this price range | +0.9% |
| Land as a share of the value | −0.1% |
| Nearby recent sales (15) | −0.1% |
| Our estimate | $1,460,000 |
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.
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.
2B Lansdown Street as a rental
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $920 | ||
| Property manager | ||
| Rent, 52 weeks | $47,840 | |
| 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 | $39,376 | |
| Interest $1,022,000 at 6.00%, interest only | −$61,320 | |
| Cash flow before tax | −$21,944 | |
| Cash flow a week | −$422 | |
| Gross / net yield on the price | 3.3% / 2.7% | |
| Return on equity cash flow on the deposit, before tax | −5.0% | |
| Loses money above this interest rate, before tax | 3.85% | |
The rent covers the interest at rates up to 3.85%. That is -5.0% a year on a $438k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area172 m²
- Decade built2000s
- Bedrooms3
- Bathrooms2
- Parking1 car space
- Property categoryUse not published
- CouncilQueenstown-Lakes District
- Valuation #29053-91902-B
- 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 number196952
- Title typeUnit Title
- Legal descriptionUnit 2 Deposited Plan 348011
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
We hold no building consents for this property yet. The council may hold records we have not seen.
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.
Reading the council's maps…
What 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. 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.
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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.