Title boundary · 1,680 m² · LINZ
Unclaimed

119 Main Road, Luggate

Wānaka · Queenstown-Lakes District

Last sold Nov 2013

OwnBetter estimate
$955k
Medium confidence

We estimate it would sell for $955,000 as at 5 October 2026, in a range of $817,000 to $1,090,000.

Typical home in Luggate
$1.10m
The median of our estimates of its 369 homes
How we worked this out
Council valuation, Sept 2024$880,000
Market movement in Queenstown-Lakes District since the council valuation+6.4%
How Luggate sells against council values−1.2%
Homes of this age in Luggate+0.6%
Homes in this price range−0.8%
Land as a share of the value+0.8%
Nearby recent sales (15)+2.6%
Our estimate$955,000

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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What it costs to live here

Home expense estimates

Mortgage: open the section
$3,867a 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.

Home loan

What it would cost to buy 119 Main Road

Every rate from 36 lenders →
Estimated repayments
$1,784
$764,000 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
Average5.03%
Highest5.35%Kookmin

The lowest rather than the highest is $184 less a fortnight — about $4,794 over the 1 year.

All 17 lenders at 1 year fixed
  • China Construction Bank4.49%s$1,784/fn
  • ICBC4.65%s$1,817/fn
  • Bank of China4.68%s$1,824/fn
  • AIA New Zealand4.99%$1,890/fn
  • ANZ Bank New Zealand4.99%s$1,890/fn
  • ASB Bank4.99%$1,890/fn
  • Bank of Baroda4.99%$1,890/fn
  • Police Credit Union4.99%$1,890/fn
  • Unity Credit Union4.99%s$1,890/fn
  • Kiwibank5.15%s$1,924/fn
  • Bank of New Zealand5.19%$1,933/fn
  • SBS Bank5.19%s$1,933/fn
  • The Co-operative Bank5.19%s$1,933/fn
  • TSB Bank5.19%s$1,933/fn
  • Westpac New Zealand5.19%s$1,933/fn
  • First Credit Union5.29%s$1,955/fn
  • Kookmin Bank Auckland Branch5.35%$1,968/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 119 Main 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

119 Main Road as a rental

Rent estimate$745/wk$640–$860 · Little evidence
Gross yield4.1%$38,740 a year on $955k
Net yield3.3%After $6,854 of costs
Cash flow−$33/wk30% deposit, interest only at 5.03%
Rent, 52 weeks$38,740
Empty between tenants 2 weeks−$1,490
Property management 9.2% incl. GST−$3,427
Maintenance 5% of rent−$1,937
Council rates this yearNot known
Landlord insurance the buildingNot known
Net income before interest$31,886
Interest $668,500 at 5.03%, interest only−$33,626
Cash flow before tax−$1,740

The rent covers the interest at rates up to 4.77%. That is -0.6% a year on a $287k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area104 m²
  • Decade built1960s
  • Bedrooms3
  • Bathrooms1
  • Parking3 car spaces
  • Property categoryUse not published
  • CouncilQueenstown-Lakes District
  • Valuation #29083-6600
  • 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 numberOT14D/237
  • Title typeFreehold
  • Estate descriptionFee Simple, 1/1, Part Section 40 Block VI Tarras Survey District, 1,677 m2
  • Legal descriptionPart Section 40 Block VI Tarras Survey District
  • Land area1,680 m²
  • Title issued24 Sep 1992
  • Land districtOtago
Instruments on this title2 registered instrumentsCompensation Certificate · 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

Listings

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Building consents

Building work the council has consented on this property, newest first. 7 consents on record.

  1. 1 Aug 2026
    New$800,000 declared

    Construction of dwg with attached gge & associated retaining walls

    Consent BCN/2026/4810 · Queenstown-Lakes District
  2. 1 May 2026
    New$1,300,000 declared

    3 bdrm domestic dwg

    Consent BCI2600275 · Queenstown-Lakes District
  3. 1 Oct 2025
    New$507,000 declared

    3 bdrm domestic dwg with attached gge

    Consent BCI2500072 · Queenstown-Lakes District
  4. 1 Dec 2023
    Adds/Alts

    Amendment 1 - change in cladding to lower floor, removal of all decks from scope of consent (all under 1.5m high), removal of roof opening, change to a timber framed internal stair, fall at ground floor flat roofs reduced to 1�, added window (w06) an

    Consent BCN/2022/2420/A · Queenstown-Lakes District
  5. 4 May 2016
    Adds/Alts$2,500 declared

    Install new wood burner

    Consent BC150413 · Queenstown-Lakes District
  6. Date not published
    Adds/Alts$60,000 declared

    Dwelling

    Consent BC960931 · Queenstown-Lakes District
  7. Date not published
    Adds/Alts

    Connect To Water Service

    Consent BC010590 · Queenstown-Lakes District

Resource consents

What the council has been asked to allow under the Resource Management Act. None on this property · 4 land use or subdivision consents within 250 m.

Within 250 m

  1. 15 Oct 2024
    Land use

    FIRE & EMERGENCY NEW ZEALAND - TEMPORARILY RELOCATE THE LUGGATE FIRESTATION AND FOR THE TEMPORARY PLACEMENT OF SIGNAGE AND A COMMUNICATIONS POLE AT 126 WANAKA-LUGGATE HIGHWAY, CROMWELL

    RM240860 · Queenstown-Lakes District
    82 mGranted
  2. 26 Mar 2024
    Land use

    FIRE & EMERGENCY NEW ZEALAND - LANDUSE CONSENT TO UNDERTAKE ADDITIONS AND ALTERATIONS TO AN EXISTING BUILDING WHICH BREACHES HEIGHT AND RECESSION PLANES AT 113 MAIN ROAD, LUGGATE, WANAKA

    RM240172 · Queenstown-Lakes District
    26 mGranted
  3. 1 Aug 2022
    Land use

    E SLIGO & K MCARTHUR - RETROSPECTIVE CONSENT FOR RETAINING WALL BREACHING BOUNDARY SETBACKS AND FOR EXISTING CONTAINERS TO BE LOCATED WITHIN THE REQUIRED BOUNDARY SETBACK OF THE ZONE AT 8 ALICE BURN DRIVE, LUGGATE, WANAKA

    RM220610 · Queenstown-Lakes District
    204 mGranted
  4. 6 Jul 2020
    Land use

    J BAIN - SECOND RESIDENTIAL UNIT (RESIDENTIAL FLAT IN SETTLEMENT ZONE) AT 24 REID AVENUE, LUGGATE

    RM200531 · Queenstown-Lakes District
    243 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.

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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 Luggate

Queenstown-Lakes District
429
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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