Title boundary · 2,520 m² · LINZ
Unclaimed

8 Kingan Road, Luggate

Wānaka · Queenstown-Lakes District

Last sold Aug 2025

OwnBetter estimate
$1.25m
Medium confidence

We estimate it would sell for $1,250,000 as at 5 October 2026, in a range of $1,120,000 to $1,420,000.

Typical home in Luggate
$1.10m
The median of our estimates of its 369 homes
How we worked this out
Council valuation, Sept 2024$1,110,000
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+1.7%
Homes in this price range+1.0%
Land as a share of the value+0.3%
Nearby recent sales (15)+1.9%
Its own sale in 2019+2.2%
Our estimate$1,250,000

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

8 Kingan Road as a rental

Rent estimate$850/wk$740–$980 · Little evidence
Gross yield3.5%$44,200 a year on $1.25m
Net yield2.9%After $7,820 of costs
Cash flow−$310/wk30% deposit, interest only at 6.00%
Line
Price Our estimate
Deposit
Interest rate
Rent a week our estimate $850
Property manager
Rent, 52 weeks$44,200
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$36,380
Interest $875,000 at 6.00%, interest only−$52,500
Cash flow before tax−$16,120
Cash flow a week−$310
Gross / net yield on the price3.5% / 2.9%
Return on equity cash flow on the deposit, before tax−4.3%
Loses money above this interest rate, before tax4.16%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 4.16%. That is -4.3% a year on a $375k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area175 m²
  • Decade built2000s
  • Bedrooms3
  • Bathrooms1
  • Property categoryUse not published
  • CouncilQueenstown-Lakes District
  • Valuation #29083-1228
  • 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 number802594
  • Title typeFreeholdGuaranteedStandard registered titleMarginal strip rules
  • Estate descriptionFee Simple, 1/1, Lot 2 Deposited Plan 515146 and Lot 2 Deposited Plan 353915, 2,511 m2
  • Legal descriptionLot 2 Deposited Plan 515146 and Lot 2 Deposited Plan 353915
  • Land area2,520 m²
  • Title issued27 Nov 2017
  • Land districtOtago

Marginal strip rules. Where land borders the sea, a lake or a river at least 3 m wide, a strip about 20 m wide along the water is kept for public access and conservation when the Crown or a state enterprise disposes of it. The note says these rules apply, not that a strip exists: the survey plan shows whether one was set aside, and it is usually outside the title, between the boundary and the water.

Registered instruments16 registered instruments on this title, +8 statutory memorialsEasement Instrument ×7 · Consent Notice under s221(4)(a) Resource Management Act 1991 ×3 · Certificate Specifying Mining Rights under s417 Resource Management Act 1991 · Certificate under s116 Land Act 1948 · Climate Change Response Act 2002 - Notice of status under s195(2) · Mortgage · Order for New Certificate of Title · Transfer and Grant of Easement Only routine instruments registered 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.

Land register

Emissions Trading Scheme

This title carries a Climate Change Response Act notice: the land is forest land in the New Zealand Emissions Trading Scheme.

  • Notice that the land is in the scheme8845353.1 · registered 31 Aug 2011

The notice says the land is in the scheme, not how: it may be pre-1990 forest land, post-1989 forest registered by the owner or by someone holding forestry rights, permanent forest, or offsetting land. Whatever the kind, the obligations go with the land. Clearing the forest can mean surrendering carbon units, and a buyer of registered post-1989 land takes over the registration unless the seller leaves the scheme first. Ask for the notice and the seller's ETS position before you buy, and see MPI's guide to ETS notices on titles.

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. 2 consents on record.

  1. Date not published
    New$36,000 declared

    Erect A Relocated Dwelling With An Attached Carport And Deck

    Consent BC080072 · Queenstown-Lakes District
  2. Date not published
    New$38,000 declared

    Erect A Garage With Carport Attached

    Consent BC110041 · Queenstown-Lakes District

Resource consents

What the council has been asked to allow under the Resource Management Act. None on this property · 8 land use or subdivision consents within 250 m.

Within 250 m

  1. 5 Feb 2025
    Land use

    PACKHORSE HOLDINGS LIMITED - CONSTRUCT AND OPERATE A COMMERCIAL RETAIL OPERATION CONSISTING OF 7 BUILDINGS, WITH ASSOCIATED PARKING AND SIGNAGE AT 55 & 59 MAIN ROAD, CROMWELL

    RM250047 · Queenstown-Lakes District
    135 mGranted
  2. 9 Dec 2024
    Land use

    PACKHORSE HOLDINGS LIMITED - CONSENT FOR PRIMARILY RETROSPECTIVE EARTHWORKS BREACHING MAXIMUM VOLUME, PROXIMITY TO BOUNDARY AND TRANSPORTATION OF CLEAN FILL STANDARDS ASSOCIATED WITH ESTABLISHING BUILDINGS AT 59 MAIN ROAD, CROMWELL

    RM241041 · Queenstown-Lakes District
    135 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
    167 mGranted
  4. 27 Aug 2020
    Land use

    QUEENSTOWN LAKES DISTRICT COUNCIL - LAND USE CONSENT TO CONSTRUCT A COMMUNITY HALL WITH ASSOCIATED ACCESS, PARKING, LANDSCAPING AND EARTHWORKS; TO INSTALL UNDERGROUND UTILITY PIPES; AND TO UNDERTAKE EARTHWORKS ON A HAIL SITE UNDER THE NES (CONTAMINANTS IN SOIL) AT HOPKINS STREET, LUGGATE

    RM200678 · Queenstown-Lakes District
    185 mGranted
  5. 10 Oct 2018
    Land use

    LAND USE CONSENT TO RELOCATE A TEMPORARY BUILDING FOR COMMUNITY ACTIVITIES AT HOPKINS STREET, LUGGATE

    RM181320 · Queenstown-Lakes District
    185 mGranted
  6. 30 Jan 2018
    Land use

    CONSTRUCT A COMMERCIAL BUILDING CONTAINING A RESIDENTIAL UNIT, AND ESTABLISH ASSOCIATED CAR PARKING, LANDSCAPING AND SIGNAGE AT 59 MAIN ROAD, LUGGATE

    RM180043 · Queenstown-Lakes District
    126 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.

The hazard maps could not be read just now.

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
430
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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