Title boundary · 926 m² · LINZ
Unclaimed

56 Kingan Road, Luggate

Wānaka · Queenstown-Lakes District

Last sold Dec 2024

OwnBetter estimate
$918k
Medium confidence

We estimate it would sell for $918,000 as at 5 October 2026, in a range of $824,000 to $1,040,000.

Typical home in Luggate
$1.10m
The median of our estimates of its 369 homes
How we worked this out
Council valuation, Sept 2024$860,000
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)+0.9%
Our estimate$918,000

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

Mortgage: open the section
$3,725a 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 56 Kingan Road

Every rate from 36 lenders →
Estimated repayments
$1,718
$736,000 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 $178 less a fortnight — about $4,619 over the 1 year.

All 17 lenders at 1 year fixed
  • China Construction Bank4.49%s$1,718/fn
  • ICBC4.65%s$1,751/fn
  • Bank of China4.68%s$1,757/fn
  • AIA New Zealand4.99%$1,821/fn
  • ANZ Bank New Zealand4.99%s$1,821/fn
  • ASB Bank4.99%$1,821/fn
  • Bank of Baroda4.99%$1,821/fn
  • Police Credit Union4.99%$1,821/fn
  • Unity Credit Union4.99%s$1,821/fn
  • Kiwibank5.15%s$1,854/fn
  • Bank of New Zealand5.19%$1,862/fn
  • SBS Bank5.19%s$1,862/fn
  • The Co-operative Bank5.19%s$1,862/fn
  • TSB Bank5.19%s$1,862/fn
  • Westpac New Zealand5.19%s$1,862/fn
  • First Credit Union5.29%s$1,883/fn
  • Kookmin Bank Auckland Branch5.35%$1,896/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 56 Kingan 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

56 Kingan Road as a rental

Rent estimate$730/wk$630–$840 · Little evidence
Gross yield4.1%$37,960 a year on $918k
Net yield3.4%After $6,716 of costs
Cash flow−$21/wk30% deposit, interest only at 5.03%
Line
Price Our estimate
Deposit
Interest rate 5.03% is today’s 1-year average
Rent a week our estimate $730
Property manager
Rent, 52 weeks$37,960
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$31,244
Interest $642,600 at 5.03%, interest only−$32,323
Cash flow before tax−$1,079
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 4.86%. That is -0.4% a year on a $275k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area130 m²
  • Decade built1970s
  • Bedrooms2
  • Bathrooms1
  • Parking1 car space
  • Property categoryUse not published
  • CouncilQueenstown-Lakes District
  • Valuation #29083-1500
  • 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 numberOT5A/843
  • Title typeFreehold
  • Estate descriptionFee Simple, 1/1, Lot 2 Deposited Plan 12771, 898 m2
  • Land area926 m²
  • Title issued24 Aug 1972
  • Land districtOtago
Instruments on this title3 registered instrumentsCertificate Specifying Mining Rights under s417 Resource Management Act 1991 · Mortgage · Transfer 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

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

Building work the council has consented on this property, newest first. 4 consents on record.

  1. Date not published
    Adds/Alts$500 declared

    Connect To Town Water Supply - Subject to Modification of Durability B2.3.1

    Consent BC001026 · Queenstown-Lakes District
  2. Date not published
    Adds/Alts$9,000 declared

    Alterations to existing dwelling - Subject to Modification of Durability B2.3.1

    Consent BC990604 · Queenstown-Lakes District
  3. Date not published
    Adds/Alts$20,000 declared

    Alterations

    Consent BC940620 · Queenstown-Lakes District
  4. Date not published
    Adds/Alts$1,800 declared

    Install Kent Log Fire

    Consent BC930821 · Queenstown-Lakes District

Resource consents

What the council has been asked to allow under the Resource Management Act. None on this property · 2 land use or subdivision consents within 250 m.

Within 250 m

  1. 23 Sep 2024
    Land use

    LAKE MCKAY 2024 LIMITED PARTNERSHIP - TO UNDERTAKE BULK EARTHWORKS IN ANTICIPATION OF SUBDIVISION INCLUDING TO IMPROVE/COMPLETE RESERVE OWNED BY QLDC AT LOT 1, DP 568537, LOT 1000, DP 604070 AND LOT 905 DP 591787 AT ATKINS ROAD, RD 2 CROMWELL

    RM240764 · Queenstown-Lakes District
    151 mGranted
  2. 30 May 2017
    Subdivision

    BA BETWEEN 2 TOWNSHIP SITES AND LMS CONSTRUCT DWELLING ON ONE OF NEWLY ADJUSTED LOTS AT 8 & 10 KINGAN ROAD, LUGGATE

    RM170491 · Queenstown-Lakes District
    232 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 Council

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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