Auction
3 1 0
Auction Thu, 26 Nov
Your First Step To Home Ownership
124 Anderson Road, Wānaka
Ray White Wanaka
Title boundary · 606 m² · LINZ
Unclaimed
7 Cherry Court, Wānaka
Queenstown-Lakes District
Last sold Feb 2021
OwnBetter estimate
$1.32m
Medium confidence
We estimate it would sell for $1,320,000 as at 5 October 2026, in a range of $1,130,000 to $1,500,000.
Typical home in Wānaka
$1.71m
The median of our estimates of its 6,809 homes
$1.13mLow
$1.23mCouncil value
$1.32mEstimate
$1.5mHigh
How we worked this out
| Council valuation, Sept 2024 | $1,225,000 |
|---|---|
| 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 | +0.3% |
| Homes in this price range | +1.0% |
| Land as a share of the value | +1.3% |
| Nearby recent sales (15) | +1.2% |
| Our estimate | $1,320,000 |
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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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 7 Cherry Court
Estimated repayments
$2,465
$1,056,000 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 · specialAverage5.02%
Highest5.35%
Kookmin
KookminThe lowest rather than the highest is $255 less a fortnight — about $6,627 over the 1 year.
All 17 lenders at 1 year fixed
- China Construction Bank4.49%s$2,465/fn
ICBC4.65%s$2,512/fn
Bank of China4.68%s$2,521/fn
AIA New Zealand4.99%$2,612/fn
ANZ Bank New Zealand4.99%s$2,612/fn
ASB Bank4.99%$2,612/fn
Bank of Baroda4.99%$2,612/fn
Police Credit Union4.99%$2,612/fn
TSB Bank4.99%s$2,612/fn
Unity Credit Union4.99%s$2,612/fn
Kiwibank5.15%s$2,660/fn
Bank of New Zealand5.19%$2,672/fn
SBS Bank5.19%s$2,672/fn
The Co-operative Bank5.19%s$2,672/fn
Westpac New Zealand5.19%s$2,672/fn
First Credit Union5.29%s$2,702/fn- Kookmin Bank Auckland Branch5.35%$2,720/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 7 Cherry Court. 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
7 Cherry Court as a rental
Rent estimate$875/wk$760–$1,010 · Little evidence
Gross yield3.4%$45,500 a year on $1.32m
Net yield2.8%After $8,050 of costs
Cash flow−$172/wk30% deposit, interest only at 5.02%
| Line | ||
|---|---|---|
| Price Our estimate | ||
| Deposit | ||
| Interest rate 5.02% is today’s 1-year average | ||
| Rent a week our estimate $875 | ||
| Property manager | ||
| Rent, 52 weeks | $45,500 | |
| 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 | $37,450 | |
| Interest $924,000 at 5.02%, interest only | −$46,385 | |
| Cash flow before tax | −$8,935 | |
| Cash flow a week | −$172 | |
| Gross / net yield on the price | 3.4% / 2.8% | |
| Return on equity cash flow on the deposit, before tax | −2.3% | |
| Loses money above this interest rate, before tax | 4.05% | |
Type over any figure, add your own lines, or add a scenario to compare.
The rent covers the interest at rates up to 4.05%. That is -2.3% a year on a $396k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area90 m²
- Decade built1990s
- Bedrooms3
- Bathrooms1
- Property categoryUse not published
- CouncilQueenstown-Lakes District
- Valuation #29051-34400
- 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 numberOT12B/462
- Title typeFreehold
- Legal descriptionLot 87 Deposited Plan 20702
- Land area605 m²
Registered instruments0 registered instruments on this title 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
Another agency selling this property too, or is it for rent? Import that listing and it shows beside this one.
Building consents
Building work the council has consented on this property, newest first. 2 consents on record.
- 2 May 2022Adds/Alts$200,000 declared
Alterations & additions to an existing house & carport - 7 cherry court, Wanaka
Consent BC220438 · Queenstown-Lakes District - 10 Jun 2021Adds/Alts$2,100 declared
Installation of a masport r1200 logburner.
Consent BC210582 · Queenstown-Lakes District
Resource consents
What the council has been asked to allow under the Resource Management Act. None on this property · 9 land use or subdivision consents within 250 m.
Within 250 m
- 16 Mar 2023Land use
PETER & LEE ANNE COOPER FAMILY TRUST - ADDITION TO RESIDENTIAL UNIT BREACHING RECESSION PLANE AT 203 BEACON POINT ROAD, WANAKA
RM220912 · Queenstown-Lakes District209 mGranted - 15 Feb 2023Land use
A & W TURNBULL - CONSTRUCT 0.990 METRE HIGH RETAINING WALL WITHIN 0.75 METRES OF THE BOUNDARY AT 92 HUNTER CRESCENT, WANAKA
RM230082 · Queenstown-Lakes District185 mGranted - 18 Oct 2022Land use
C & J NISBET - LAND USE CONSENT TO CONSTRUCT A STUDIO OR RESIDENTIAL FLAT WITH A REDUCED INTERNAL BOUNDARY SETBACK AT 95 HUNTER CRESCENT, WANAKA
RM220940 · Queenstown-Lakes District119 mGranted - 15 Jul 2021Land use
BOAB5 INVESTMENTS PL - TO UNDERTAKE 90 NIGHT RVA FROM AN EXISTING RESIDENTIAL UNIT AT 43 RATA STREET, WANAKA
RM210628 · Queenstown-Lakes District236 mGranted - 9 Oct 2018Land use
VISITOR ACCOMMODATION IN AN EXISTING RESIDENTIAL UNIT FOR UP TO 5 GUESTS UP TO 365 DAYS A YEAR AT 6 RIMU LANE, WANAKA
RM181363 · Queenstown-Lakes District238 mGranted - 19 Oct 2017Land use
UNDERTAKE ALTERATIONS TO AN EXISTING DWELLING, CONSTRUCT A RETAINING WALL OVER 2M HIGH AND UNDERTAKE ASSOCIATED EARTHWORKS BREACHING THE SITE STANDARDS AT 54 & 52 HUNTER CRESCENT, WANAKA
RM171083 · Queenstown-Lakes District217 mGranted
Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents
Unclaimed
Nobody is tracking this property yet
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What claiming gets you
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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 Wānaka
Queenstown-Lakes District
8,643
Properties on the rating roll
1 Jun 2025
Last council revaluation
Buyer demand
13 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.
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Agents active in Wānaka
People whose office is within 5 km of Wānaka, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.
Ray White
Amy AllanSalesperson
Guy AltySalesperson
Sheryl AltySalesperson
Janet AndersonSalesperson
Robert AndersonAgent
Mathew AndrewsAgent
James AskhamAgent
Independent
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Independent
Graham BerrySalesperson
Louis BoshoffBranch Manager
Independent
Melanie CarterSalesperson
Lucille ClarkeSalesperson
The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.
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