AerialNot listedEstimate $1.09m – $1.38m
4
7 Lagoon Avenue, Albert Town
Title boundary · 407 m² · LINZ
Unclaimed
60 Sherwin Avenue
Albert Town, Wānaka · Queenstown-Lakes District
Last sold Sept 2023
OwnBetter estimate
$1.19m
Medium confidence
We estimate it would sell for $1,190,000 as at 5 October 2026, in a range of $1,060,000 to $1,350,000.
Typical home in Albert Town
$1.47m
The median of our estimates of its 1,288 homes
$1.06mLow
$1.1mCouncil value
$1.19mEstimate
$1.35mHigh
How we worked this out
| Council valuation, Sept 2024 | $1,100,000 |
|---|---|
| Market movement in Queenstown-Lakes District since the council valuation | +6.4% |
| How Albert Town sells against council values | −1.2% |
| Homes of this age in Albert Town | +0.1% |
| Homes in this price range | +1.0% |
| Land as a share of the value | +0.3% |
| Nearby recent sales (15) | −0.7% |
| Its own sale in 2023 | +2.0% |
| Our estimate | $1,190,000 |
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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Thinking of buying?Free pre-purchase running cost report Mortgage repayments, this year’s council rates, and estimates for insurance, electricity, gas and internet at this address — saved to your watchlist.
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 60 Sherwin Avenue
Estimated repayments
$2,223
$952,000 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 $230 less a fortnight — about $5,974 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$2,223/fn
ICBC4.65%s$2,265/fn
Bank of China4.68%s$2,272/fn
AIA New Zealand4.99%$2,355/fn
ANZ Bank New Zealand4.99%s$2,355/fn
ASB Bank4.99%$2,355/fn
Bank of Baroda4.99%$2,355/fn
Police Credit Union4.99%$2,355/fn
Unity Credit Union4.99%s$2,355/fn
Kiwibank5.15%s$2,398/fn
Bank of New Zealand5.19%$2,409/fn
SBS Bank5.19%s$2,409/fn
The Co-operative Bank5.19%s$2,409/fn
TSB Bank5.19%s$2,409/fn
Westpac New Zealand5.19%s$2,409/fn
First Credit Union5.29%s$2,436/fn- Kookmin Bank Auckland Branch5.35%$2,452/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 60 Sherwin Avenue. 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.
Investor insights
60 Sherwin Avenue as a rental
Rent estimate$830/wk$720–$950 · Little evidence
Gross yield3.6%$43,160 a year on $1.19m
Net yield3.0%After $7,636 of costs
Cash flow−$123/wk30% deposit, interest only at 5.03%
| Rent, 52 weeks | $43,160 |
|---|---|
| Empty between tenants 2 weeks | −$1,660 |
| Property management 9.2% incl. GST | −$3,818 |
| Maintenance 5% of rent | −$2,158 |
| Council rates this year | Not known |
| Landlord insurance the building | Not known |
| Net income before interest | $35,524 |
| Interest $833,000 at 5.03%, interest only | −$41,900 |
| Cash flow before tax | −$6,376 |
The rent covers the interest at rates up to 4.26%. That is -1.8% a year on a $357k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area120 m²
- Decade built2010s
- Bedrooms3
- Bathrooms2
- Parking2 car spaces
- Property categoryUse not published
- CouncilQueenstown-Lakes District
- Valuation #29063-1786
- 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 number730540
- Title typeFreehold
- Estate descriptionFee Simple, 1/1, Lot 248 Deposited Plan 496259, 406 m2
- Land area407 m²
- Title issued29 Apr 2016
- Land districtOtago
Instruments on this title37 registered instrumentsEasement Instrument ×24 · Transfer ×10 · Consent Notice under s221(4)(a) Resource Management Act 1991 · Encumbrance · Mortgage 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
Real-estate 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. None on this property · 12 land use or subdivision consents within 250 m.
Within 250 m
- 9 May 2025Land use
K TE MAIHAROA - TO SUBDIVIDE A RESIDENTIAL FLAT FROM A UNIT, AND TO RE-DEVELOP THE SITE WITH TWO RESIDENTIAL UNITS, AND TO UNDERTAKE A TWO-LOT FEE-SIMPLE SUBDIVISION, AND SECTION 221 TO VARY CONDITION 1) CONSENT NOTICE 9897882.7 AS IT RELATES TO LOT 76 DEPOSITED PLAN 475648 AT 15 MARBLELEAF LANE, W
RM250287.1 · Queenstown-Lakes District136 mGranted - 9 May 2025Subdivision
K TE MAIHAROA - TO SUBDIVIDE A RESIDENTIAL FLAT FROM A UNIT, AND TO RE-DEVELOP THE SITE WITH TWO RESIDENTIAL UNITS, AND TO UNDERTAKE A TWO-LOT FEE-SIMPLE SUBDIVISION, AND SECTION 221 TO VARY CONDITION 1) CONSENT NOTICE 9897882.7 AS IT RELATES TO LOT 76 DEPOSITED PLAN 475648 AT 15 MARBLELEAF LANE, W
RM250287.2 · Queenstown-Lakes District136 mGranted - 5 Apr 2023Land use
MOUNTAINSIDE EDUCARE LIMITED - APPLICATION TO INCREASE THE INTERNAL FLOOR AREA AND CAPACITY AT 47-49 KINGFISHER CRESCENT, ALBERT TOWN, WANAKA
RM230104 · Queenstown-Lakes District143 mGranted - 6 Sep 2022Land use
BRET & NICKY HIGHSTED FAMILY TRUST - APPLICATION TO UNDERTAKE RESIDENTIAL VISITOR ACCOMMODATION FROM AN EXISTING RESIDENTIAL UNIT FOR 90 NIGHTS PER YEAR AT 33 KINGFISHER CRESCENT, ALBERT TOWN, WANAKA
RM220773 · Queenstown-Lakes District250 mGranted - 8 Apr 2019Land use
CONSTRUCT A GARAGE ENCROACHING THE 4.5M ROAD BOUNDARY SETBACK AT 20 MALLARD STREET, ALBERT TOWN, WANAKA
RM190379 · Queenstown-Lakes District133 mGranted - 17 Oct 2017Land use
LAND USE CONSENT TO UNDERTAKE VISITOR ACCOMMODATION FROM AN EXISTING UNIT FOR UP TO 180 DAYS PER YEAR AT 29 MARBLELEAF LANE, ALBERT TOWN
RM171124 · Queenstown-Lakes District69 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 Albert Town
Queenstown-Lakes District
1,389
Properties on the rating roll
10 Jun 2026
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 Albert Town
People whose office is within 5 km of Albert Town, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
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Graham BerrySalesperson
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The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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