Oliver Road

Private Proposal

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Appraisal & Marketing Proposal

3 Loop Road, Lot 4

Kelvin Heights  ·  Queenstown

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What Our Clients Say

408 Littles Road, Dalefield

Sold | June 2025

"Innovative, creative and utterly dedicated team producing great results. Our experience in selling our beloved Dalefield home through Oliver Road Queenstown was exceptional. Having bought and sold many times over the years, we've seen a fair few agents. Cam and Omea stood out for their pro-active, organised and highly professional approach, right from the very first interaction. Their attention to detail is impressive and ensures every last thing is thought through.

Working during a really tough period in the market, we never doubted their dedication to our property and how innovative they were in marketing, presentation, tweaks to messaging, drawing up beautifully presented options for further expansion of the property if buyers wanted to go down that path, etc.

The fact that we ended up in a multi-offer situation with two overseas buyers speaks volumes to their diligence and relationship building with buyers to get not one, but two, offers on paper at a time when many agents have struggled to get buyers to commit.

Their in-depth market knowledge is figures-based, not anecdotal, and drawn from not just recent sales but historic growth, economic forecasting and other data breakdowns to help establish the value of a property, now and into the future."

Claire McKay & Ed Sims

Verified by RateMyAgent

3 Loop Road interior render
Cam Winter

A Personal Introduction

As Founder and Managing Director of Oliver Road, I have written, designed and produced this publication. Neither ChatGPT nor any marketing firm had a part to play, which reflects how we operate our agency - hands on, in full control, and able to adapt and adjust the approach as required to produce the best outcome for you as the owner of a unique, high-value development in the Queenstown-Lakes District.

3 Loop Road represents a compelling development opportunity on the Kelvin Peninsula, one of Queenstown's most sought-after residential locations. The consented four-lot subdivision, combined with the premium specification of the proposed dwellings, positions this project at the upper end of the local market. I look forward to presenting our detailed analysis, valuation assessment, and marketing strategy for Lot 4.

Yours exclusively,

Cam Winter

Founder & Managing Director
Oliver Road | Luxury Real Estate

Select Few Properties

Representing a select few properties at the top end of the market, we are committed to delivering a world-class service; one that includes a comprehensive appraisal of value & market conditions, recommended pre-market improvements, commercial-grade photography and videography, broad-reaching exposure across national and international markets, and expert handling of buyer enquiry and negotiation.

3 Loop Road living room render

"In such a small market segment, the value of your luxury property is heavily influenced by prices achieved for others across the basin."

As agents, our responsibility to deliver exceptional outcomes therefore extends beyond our current clients to include all owners of high-value homes in the area.

3 Loop Road kitchen render

3 Loop Road, Kelvin Heights

3 Loop Road is a 1,373 m² freehold property situated on the Kelvin Peninsula in the suburb of Kelvin Heights, Queenstown. The property is legally described as Lot 2 Deposited Plan 26784 and held under Record of Title OT18D/484. It sits within the Lower Density Suburban Residential Zone under the Queenstown Lakes Proposed District Plan.

In November 2023, resource consent RM230155 was granted on a non-notified basis for a staged four-allotment subdivision with four residential units. The consent is for a non-complying activity owing to breaches of height, recession plane, density, building length, coverage, setback, and allotment dimension standards. Despite these breaches, the decision-maker was satisfied that effects on the environment would be no more than minor.

Stage One creates Lots 3 and 4 as vacant allotments (with the existing dwelling retained on a balance lot), while Stage Two involves demolition of the existing dwelling and creation of Lots 1 and 2 with two attached split-level residential units. Lot 4, at the western extent of the site, is the focus of this appraisal.

Address3 Loop Road, Kelvin Heights, Queenstown 9300
Legal DescriptionLot 2 Deposited Plan 26784
Record of TitleOT18D/484
EstateFee Simple (Freehold)
Land Area1,373 m²
Current OwnerDippers Limited
ZoningLower Density Suburban Residential Zone
Resource ConsentRM230155 (granted 28 November 2023)
Activity StatusNon-complying (non-notified)

Subdivision Layout

LotStageAreaDescription
Lot 1Two~393 m²Attached unit, eastern side
Lot 2Two~336 m²Attached unit, western side
Lot 3OneVariesVacant allotment, BC260176 lodged ($1.2M build)
Lot 4One~327 m²Western extent, exclusive access, BC251616 lodged ($1.6M build)
Lot 10One~729 m²Balance lot, contains existing dwelling
1,373m²
Total Land Area
4 Lots
Consented Subdivision
267m²
House 4 Floor Area
$2.64M
Avg. Kelvin Heights Value

A Premium Contemporary Dwelling

House 4, to be constructed on Lot 4 at the western extent of the site, is a high-specification two-storey dwelling with attached double garage designed by Artektus Architecture, with interior design by Forager Studio and structural engineering by ENGCO. At approximately 267 m² of floor area plus 94 m² of decks, it features three bedrooms plus a bunk room, media room, and premium finishes throughout.

Lot 4 has the significant advantage of exclusive vehicle access via the western crossing (Driveway 1), meaning the owner does not share a driveway with any other lot. This avoids potential access disputes and maintenance-sharing arrangements that affect Lots 1, 2, and 3.

Building ConsentBC251616 (lodged 5 January 2026, in processing)
ArchitectArtektus Architecture (Artur Szewczyk, Geo James Joseph)
Interior DesignForager Studio
Structural EngineerENGCO (Tim Niven)
Total Floor Area266.9 m²
Lower Level117.4 m²
Upper Level149.5 m²
Total Deck/Outdoor94.1 m² (4 outdoor areas)
Bedrooms3 plus bunk room
Other RoomsMedia room, double garage, scullery
Est. Construction Value$1,600,000 (incl. GST)
Wind ZoneVery High (VH)
Earthquake ZoneZone 3

Upper Level (149.5 m²)

The upper level is the main arrival and living floor, comprising the entry with bench seat, cushion and wall hooks (cavity slider door in 38 mm veneer), powder room, coat closet, double garage, open-plan living, dining and kitchen with scullery and pantry. The kitchen features a large island with induction cooktop (self-extracting), integrated appliances, and a concealed bar with bifold pocket doors, wine fridge and beverage fridge. A suspended fireplace anchors the living area, with an 85" Frame TV above veneer panelling and a cedar-lined recessed ceiling with hidden LED lighting. The upper north deck (22.5 m²) and upper south deck (22.8 m²) provide outdoor living and entertaining space with lake and mountain views to the north.

Lower Level (117.4 m²)

The lower level contains the sleeping and retreat spaces: the master bedroom with a generous walk-in robe (with LED-lit cubbies, mirrors, and soft-close cabinetry) and ensuite, bedrooms 2 and 3 each with built-in robes (bedroom 3 with its own ensuite), a main bathroom, hallway, linen cupboard, under-stair storage, media room and bunk room. The media and bunk rooms are fully lined in timber flooring used as wall and ceiling panelling, with custom built-in bunks. Access to the lower north deck (22.5 m²) and spa area (26.3 m²) is from this level.

Premium Specification Throughout

External Cladding & Structure

ElementSpecificationDetail
Brick CladdingMidland Brick NZ - Aurora Clay Brick290 x 48 x 70 mm, entry walls & exterior
Panel CladdingJames Hardie Axon Panel (Ebony)CodeMark certified cladding system
FasciaMillboard FasciaComposite timber-look
PlasterICF Plaster (Dark Grey)Insulated concrete form system
RoofingAlpine Tray Metal / Espan 470Flaxpod G10 (LRV 7%)
SkylightsVeluxCodeMark certified
Insulation (Roof)Earthwool GlasswoolR7.4
Insulation (Wall)Earthwool GlasswoolR4.4
Insulation (Under Slab)Expol 150mmR5.0

Flooring

CodeProductDetail
TF01Forte Moda Mondello Engineered Wood15 mm T x 220 mm W x 2,200 mm L
CA01Bremworth Samurai Wool Carpet (Rinen)Premium NZ wool, bedrooms
TL01Enzo Sand Microtec600 x 600 mm, bathrooms
TL02Rommani Handmade Zellige Rectangle (Latte)Feature tile, bathrooms
TL03Glass Vixel MosaicFeature, shower niches
TL04Pendell Batton LimestoneFeature stone
WF01Cemher Microcement (Cashmere)Seamless wall/floor finish

Kitchen & Surfaces

ElementSpecificationDetail
Kitchen BenchtopDekton Neural 20 mmUltra-compact surface
Vanity StoneMoleanos Grey Honed 20 mm1500 x 400 mm custom vanities
Laundry BenchtopCaesarstoneStandard benchtop
Joinery VeneerPrime Toitu American White OakStained to match flooring
LaminateMelteca Urban Ash / Moleskin PearlCabinet interiors & shelving
Ceiling PanellingCedar (~140 mm width)Living areas
Wall LiningMeranti PlyWith matching stain

Appliances

CodeApplianceBrand & Model
AP01Integrated French Door RefrigeratorFisher & Paykel 90cm Series 7
AP02Pyrolytic Oven 60cmFisher & Paykel Series 9 (OB60SMPTDB1)
AP04Fully Integrated Dishwasher 60cmBosch Series 8
AP054-Zone Induction Cooktop 83cmFisher & Paykel Series 9 (CID834DTB4)
AP06Wine CabinetFisher & Paykel (RS6009V2RT1)
AP07Integrated Beverage CentreFisher & Paykel (RS6009SBLT1)
AP08WashTower Washer Dryer 12/9kgLG All-In-One Stacked

Hardware

CodeItemSpecification
HA01Front Door HandleEntrada Round (Blackened Brass, 1200L x 25dia)
HA02Digital DeadboltAssure SL (Oiled Rubbed Bronze)
HA03Internal Lever HandleOsaka Lever Round Rose (Signature Brass)
HA04-07Privacy Turns & Sliding PullsSignature Brass throughout
HA09Coat HooksJoseph Giles Bartlett Solid Brass
HA10Cabinet HandleSolid Oak (to match cabinetry)
HA11-12Cabinet T-Pull & RailStirling Collection (Bronze), Touch Handles

Plumbing & Fixtures

All plumbing fixtures specified in a consistent Tuscan Bronze palette from the Buddy range by Plumbline, with 64+ individual items across the dwelling.

AreaKey ItemsDetail
KitchenBuddy Kitchen Mixer, Round Spout with Pull Out SprayTuscan Bronze; Ravenna single bowl sink (Mercer Duro Granite, Black)
Master EnsuiteBuddy Pro Round 2 Hole High Mixer, Kurv 1600 Freestanding BathTerra 380 vessel basin (Dune), Strato Largo 1800 vanity, XL 1000 mirror (Aged Brass)
Ensuite 2Buddy Round Basin Mixer, 250mm Ceiling Mount RainheadTerra 380 vessel basin, Strato Largo vanity, heated towel rail
Main BathroomBuddy 250mm Rainhead, Slide ShowerWall-hung Zen II Rimless WC, glass-to-glass hinges
Powder RoomCustom Moleanos Grey stone vanity with integrated basinWall-hung Zen II Rimless WC, slot waste
All BathroomsBuddy 650mm Heated Towel RailsTuscan Bronze, 24V/100VA transformers, Frame XL mirrors with demister

Consent & Construction History

1997

RM970572 - Boundary Adjustment - Lots 35 and 36 DP 9192 reconfigured to create Lot 2 DP 26784 (1,373 m²). Approved with nil conditions.

September 2000

BC000921 - Carport - Original building consent for carport structure ($4,725). Resource consent RM000637 for road setback encroachment.

November 2023

RM230155 - Subdivision & Land Use Consent Granted - Non-notified, non-complying four-allotment subdivision with four residential units. 29 land use conditions and 20 subdivision conditions.

December 2023

EA230155 - Engineering Acceptance Granted - All development infrastructure (water, sewer, stormwater, crossings, access).

January 2024

EX0918 - Retaining Wall Exemption - Exemption lodged for engineered retaining walls (Types 1-3, up to 2.3 m height). Original BC240016 cancelled.

June & September 2025

Engineering Acceptance Variations - VA00 (minor variation) and VA01 (updated wastewater and water infrastructure). Peninsula Hill Farm Limited named as applicant on VA01.

December 2025

BC260176 - House 3 Lodged - Two-storey dwelling with garage on Lot 3, estimated construction value $1,200,000. Design by Artektus Architecture.

January 2026

BC251616 - House 4 Lodged - Two-storey dwelling with garage on Lot 4, estimated construction value $1,600,000. Application accepted 28 January 2026.

February 2026

Section 37 Hold & Resolution - Planning check flagged height/recession plane compliance and changed roof pitch. Revised drawings submitted 18 February. Section 37 formally removed 10 March.

6 March 2026

RFI 1 (Major) Issued - Issued by Jill Ryan, Senior Building Control Officer. Full weathertightness review pending receipt of revised drawings. Consent awaiting applicant's response.

Kelvin Heights, Queenstown

Kelvin Heights is located on the Kelvin Peninsula between the main body of Lake Wakatipu and the lake's Frankton Arm. First subdivided in 1958 as the Township of Kawarau Falls, it is a well-established, low-density residential neighbourhood characterised by detached dwellings on generous sites, many enjoying lake and mountain views.

3 Loop Road occupies an elevated position with views north across Frankton Arm to Queenstown Hill and Ben Lomond, and east towards The Remarkables. The property receives all-day sun owing to its north-facing aspect. Loop Road is a quiet residential cul-de-sac accessible from Peninsula Road.

Kelvin Heights is approximately 5 minutes' drive from Frankton and 15-20 minutes from central Queenstown, with Queenstown Airport approximately 10 minutes away. The peninsula is connected to central Queenstown by the Orbus ferry service. Key amenities include Queenstown Golf Course, Jardine Park, the Kelvin Peninsula Walkway and Sculpture Trail, and the Hilton Queenstown Resort & Spa at Kawarau Village.

District Plan Zoning

Proposed District PlanLower Density Suburban Residential Zone
Operative District PlanLow Density Residential Zone
Minimum Lot Size450 m² (300 m² for comprehensive developments)
Maximum Building Height7 m (zone) / 5.5 m (consent notice restriction)
Maximum Coverage40%
Maximum Building Length16 m (single facade)
OverlayOutstanding Natural Landscape

Urban Intensification Variation (February 2026)

The QLDC Urban Intensification Variation, adopted 5 February 2026, will rename the zone to Suburban Residential Zone and increase permitted height to 8 metres. However, the consent notice on all lots limits height to 5.5 metres for this development, regardless of plan changes. The appeal period closes 7 April 2026.

Market Context

Average House Value (Kelvin Heights)$2,641,100 (2025)
Median Days to Sell48 days
Properties Sold (Last 12 Months)18
Median Rent (3 bedroom)$1,000 per week
Median Rent (4 bedroom)$1,300 per week
Average House Value (QT District)$1,915,023 (QV, Nov 2025)
Median Price (QT-Lakes)$1,830,000 (Jan 2026)

What Purchasers Need to Know

The property has a number of registered interests and consent conditions that any purchaser should be fully aware of. The following summary is drawn from the resource consent decision, building consent applications, and engineering acceptance documents.

Advantages of Lot 4

  • Exclusive vehicle access via western crossing (no shared driveway)
  • Western position on site, maximising separation from other lots
  • Compliant allotment dimensions (accommodates 15 m x 15 m square)
  • First lot available under Stage One (can be developed independently)
  • North-facing with views across Frankton Arm to Ben Lomond
  • Premium specification by Artektus, Forager Studio, and ENGCO
  • All-day sun owing to elevated position and north-facing aspect
  • 5 min to Frankton, 10 min to airport, 15-20 min to QT CBD

Risks & Limitations

  • 5.5 m height restriction (consent notice) - more restrictive than zone standard
  • Lot area of 327 m² is modest by Kelvin Heights standards
  • Building consent BC251616 not yet granted (major RFI pending)
  • Garage breaches eastern recession plane adjoining Lot 3
  • Road reserve licence (not easement) for part of access
  • Schist rock base + Very High wind zone = higher construction costs
  • Subdivision not yet completed (no individual titles exist)
  • Short-term rental restrictions (90 nights/year permitted)

Registered Title Interests

Sewage Drain EasementRegistered 24 August 1998. To be cancelled and replaced with new easements on subdivision.
MortgageTo Tessera Nominees Limited, registered 27 May 2025.
Consent Notices (s221)Required on subdivision: geotechnical completion (Schedule 2A), stormwater attenuation (1-in-20-year), 5.5 m height restriction.
Licence to OccupyLO230015 - vehicular access within Loop Road reserve. Indefinite, $1/year. Covenant in Gross to be recorded on all lots.
New EasementsPrivate foul sewer (F & E over Lots 4 & 3), right of way over Lot 10, reciprocal rights.
Interior living room render

Value Assessment & Market Analysis

Assessing the value of Lot 4 / House 4 requires consideration of the land value component, the premium build specification, current market dynamics, and comparable recent transactions across the Wakatipu Basin. A completed four-bedroom contemporary dwelling of 267 m² with premium finishes, lake views, and north-facing aspect in Kelvin Heights would position at the upper end of the local market.

The estimated construction cost of $1,600,000 (including GST) is likely conservative given the premium specification. Infrastructure costs for the subdivision (shared across four lots) including retaining walls, access formation, water, sewer, stormwater, and landscaping will add to the total development cost. Comparable new-build properties in premium Queenstown locations have transacted in the $3 million to $5 million range, depending on size, views, and specification.

Sales of Interest

The following eight sales across the Wakatipu Basin provide the most relevant comparable evidence for assessing the completed value of House 4 on Lot 4.

81 Frogmore Lane
Address81 Frogmore Lane, Queenstown
Sale Price$5,450,000
Sale Date20 February 2026
Floor Area303 m²
Land Area1.04 ha
Year Built2025
Rating ValuationN/A

This modern residence is positioned on an approximately 1.04-hectare site oriented toward views of The Remarkables. Exterior materials include Poolburn stone, cedar cladding, and Colorsteel tray roofing with thermally broken double-glazed windows throughout. Interior finishes include oak flooring, wool carpet, and an Acupanel timber ceiling within the main living area, with hydronic underfloor heating and an electric fireplace. Outdoor areas incorporate landscaped courtyards, a concrete barbecue terrace, and an exterior fireplace.

16 Advance Terrace
Address16 Advance Terrace, Kelvin Heights
Sale Price$5,800,000
Sale Date3 March 2025
Floor Area374 m²
Land Area903 m²
Year Built2023
Rating Valuation$3,950,000

Located at 16 Advance Terrace in Arrowtown, this residence was designed and finished by an experienced interior designer with a focus on sustainability and high-performance living. The property integrates advanced energy-efficient systems from brands including Stiebel Eltron, Tesla, and Control4. Appliances are sourced from Ilve, Bosch, Falcon, and Sirius, while designer fittings include selections from Forté, Christian Fischbacher, and Vanda. The home includes integrated climate control, smart home automation, and premium sound systems.

5 Red Deer Rise
Address5 Red Deer Rise, Kelvin Heights
Sale Price$4,700,000
Sale Date4 April 2025
Floor Area332 m²
Land Area2,036 m²
Year Built2023
Rating Valuation$3,850,000

This newly constructed 344 m² architectural home in Kelvin Heights features four bedrooms and three bathrooms across two distinct wings. The central living area highlights pitched ceilings, a suspended fireplace, and panoramic lake views. The kitchen features oak joinery, Dekton benchtops, and a butler's pantry. Outdoor amenities include a heated pool, cedar spa, covered BBQ area, and motor-court entry with a stone privacy wall.

3 White Stag Rise
Address3 White Stag Rise, Peninsula Hill
Sale Price$4,543,000
Sale Date6 June 2025
Floor Area322 m²
Land Area1,627 m²
Year Built2025
Rating Valuation$3,700,000

This 322 m² residence, designed by Immersion Architecture and constructed by Brownie Construction, is positioned within the Peninsula Hill development to capture lake views and northern sun. Clad in local schist stone and vertical cedar, the home borders a reserve and includes a main living pavilion with kitchen and scullery, second lounge, and separate office. Features include oak veneer flooring, porcelain benchtops, Italian tiles, underfloor heating, and zoned ducted climate control.

1 Highlands Close
Address1 Highlands Close, Kelvin Heights
Sale Price$4,078,000
Sale Date10 October 2024
Floor Area342 m²
Land Area1,050 m²
Year Built2018
Rating Valuation$4,070,000

This contemporary tri-level residence offers expansive lake and mountain views from its elevated position. Constructed with concrete, local stone, and steel, the 343 m² home features floor-to-ceiling glazing, high stud ceilings, and an intuitive layout. The property includes five bedrooms and five bathrooms, with two kitchens and two living areas. The main kitchen features a Caesar stone benchtop and German appliances. Additional amenities include a gas fireplace, central heating, and an outdoor room with a louvre roof.

8 Spring Hill Road
Address8 Spring Hill Road, Peninsula Hill
Sale Price$3,995,000
Sale Date9 May 2025
Floor Area297 m²
Land Area2,052 m²
Year Built2022
Rating Valuation$3,950,000

This two-storey, four-bedroom home on Peninsula Hill combines contemporary architecture with panoramic views of Lake Wakatipu and surrounding mountains. The residence includes an open-plan kitchen with Electrolux and Miele appliances, a concealed bar, and spacious living areas. The primary suite features lake views, a walk-in wardrobe, and an ensuite with freestanding tub. A ground floor studio with kitchenette offers flexible living or guest accommodation. Outdoor features include a spa pool, terrace with fire area, and landscaped grounds.

18B Loop Road
Address18B Loop Road, Kelvin Heights
Sale Price$3,930,000
Sale Date2025
Floor Area363 m²
Land Area697 m²
Year Built2006
Rating Valuation$3,940,000

The most directly comparable sale, situated on the same street. This spacious 363 m² contemporary home features clean lines and crisp finishes, with an elevator, three bedrooms with ensuites, and multiple entertaining areas. Floor-to-ceiling sliding doors open to a bespoke kitchen and stylish living areas with 180-degree lake and mountain views. At $3.93M, this transaction establishes a strong baseline for Loop Road values and is the most relevant data point for Lot 4.

11A William Rees Place
Address11A William Rees Place, Queenstown
Sale Price$3,175,000
Sale Date8 May 2025
Floor Area250 m²
Land Area265 m²
Year Built2024
Rating Valuation$2,790,000

This 250 m² lakefront residence occupies a 265 m² site on the shores of Lake Wakatipu. One of two newly constructed dwellings, the home is arranged over multiple levels to optimise views. The upper level comprises open-plan living with an Ingrid Geldolf-designed kitchen, gas fireplace, and heat pump opening to a covered balcony. The ground floor includes a double garage, media room, and a primary suite with ensuite featuring a lake-facing bathtub. Sold off market.

Currently on the Market

Competing properties currently listed for sale in the Queenstown area that a buyer of Lot 4 / House 4 may also be considering.

20 Advance Terrace
Address20 Advance Terrace, Arrowtown
Indicating$5,950,000
List Date10 December 2025
Floor Area363 m²
Land Area1,189 m²
Year Built2009
Rating Valuation$5,100,000

Designed by renowned architects Fearon Hay, this remarkable home is positioned on Arrowtown's coveted southern ridgeline with sweeping panorama across The Hills Golf Course and the Whakatipu Basin. The extensive open-plan living unfurls toward the landscape with stacking sliders blurring the line between interior and exterior. Four spacious bedrooms each with walk-in robes, the master suite complete with its own study and ensuite opening to the garden with mountain vistas. A sheltered central courtyard with open fire provides an intimate counterpoint to the bold, open outlooks.

9 Spring Hill Road
Address9 Spring Hill Road, Peninsula Hill
Indicating$5,400,000
List Date19 December 2025
Floor Area332 m²
Land Area2,547 m²
Year Built2025 (under construction)
Rating ValuationN/A

An architecturally distinctive residence designed by Ben Hudson Architects, spanning 332 m² above Lake Whakatipu in the prestigious Peninsula Hill subdivision. Features four bedrooms including two master suites each with ensuite, open-plan living, dining and kitchen spaces with a separate pantry and bespoke coffee/bar nook. A central media room connects the home's two pavilions, with a generous double garage. Multiple outdoor living areas are designed to follow the sun and capture every angle of the view.

363 Peninsula Road
Address363 Peninsula Road, Kelvin Heights
Indicating$5,000,000
List Date5 February 2026
Floor Area415 m²
Land Area1,075 m²
Year Built2011
Rating Valuation$8,250,000

A substantial 415 m² four-bedroom, three-bathroom residence on Peninsula Road in Kelvin Heights, one of the peninsula's most established and sought-after addresses. The property sits on a 1,075 m² site with lake and mountain views. At a $5M asking price against an $8.25M rating valuation, this listing represents a significant discount to council value and may indicate motivated vendor pricing or market recalibration for this category of established Kelvin Heights stock.

5 Old Homestead Place
Address5 Old Homestead Place, Kelvin Heights
IndicatingEnquiries over $5,000,000
List Date10 October 2023
Floor Area363 m²
Land Area547 m²
Year Built2023 (new build)
Rating Valuation$5,350,000

A high-end new build on the historic site where Queenstown's founder William Rees built his homestead, chosen for its warm, sunny and sheltered northerly aspect. The split-level home comprises living area, primary bedroom and office/bedroom on the main level, with a living area and three bedrooms on the lower level. Holds full 365-day Visitor Accommodation consent for flexible use. Resort-style living adjacent to the Hilton Hotel with water-taxi access to town. Listed through NZ Sotheby's International Realty.

2 White Stag Rise
Address2 White Stag Rise, Peninsula Hill
Indicating$4,400,000
List Date6 October 2025
Floor Area316 m²
Land Area1,037 m²
Year Built2025
Rating Valuation$3,870,000

A newly completed single-level residence on Peninsula Hill capturing uninterrupted views across Lake Wakatipu and surrounding mountains with all-day sun. The 316 m² home features four spacious bedrooms, each with external access and its own tiled ensuite, plus a dedicated office. Attention to detail is evident throughout, from engineered timber flooring and wool carpets to bespoke joinery and integrated appliances. Four parking spaces and generous outdoor living areas complete the package.

Indicative Value Range

Based on our analysis of comparable sales, current market listings, the premium specification of House 4, the advantages and limitations of Lot 4, and the broader Kelvin Heights and Queenstown market dynamics, we present the following indicative value assessment for the completed dwelling on Lot 4.

Indicative Range
Lower estimate (conservative)$4,600,000
Mid-range estimate$4,750,000
Upper estimate (optimistic)$4,900,000

This is an indicative assessment only and is not a formal registered valuation. Values assume the dwelling is completed to the specification described, building consent is granted, and titles are issued. Market conditions may change. A registered valuation should be obtained for any financing or investment decision.

Rental Income Potential
Median rent, 3-bedroom (Kelvin Heights)$1,000/week
Median rent, 4-bedroom (Kelvin Heights)$1,300/week
Expected long-term rental range$1,100 - $1,400/week

Short-term rental activity is permitted for up to 90 nights per year with a controlled activity consent. 91-180 nights requires restricted discretionary consent.

3 Loop Road exterior render

The Team

Cam Winter

Cam Winter

Founder & Managing Director

With a wealth of experience and an entrepreneurial spirit, Oliver Road's Founder Cam Winter has established a reputation as one of New Zealand's leading real estate agents. Over nearly fifteen years, he has sold more than 500 homes and been instrumental in transforming the luxury real estate industry - setting a new benchmark in client service and developing specialist marketing strategies for the segment.

Cam's work has not gone unnoticed. In recognition of his unyielding dedication to excellence, Cam was awarded the title of Best Real Estate Agent in New Zealand at the 2021/22 and 2025/26 International Property Awards, in both instances going on to represent Asia Pacific as the region's nominee for Best Real Estate Agent in the World.

Omea Swanson

Omea Swanson

Sales Partner

Growing up just down the road in Winton and having spent countless family holidays in Arrowtown, Omea has always considered Queenstown her second home. With a genuine approach and a talent for building strong relationships, she has quickly made her mark in the real estate industry, earning a reputation for delivering outstanding results.

A naturally creative individual, Omea's background includes a Bachelor of Arts and a career as a professional contemporary dancer. Passionate about community involvement, she also serves as the Secretary for Queenstown Young Professionals.

Jason Eves

Jason Eves

Sales Director | NZ

Jason's depth and breadth of experience in negotiating the sale of high-value assets - including luxury homes, islands, super yachts, aircraft and rare automobiles - is unlikely to be matched by another agent in New Zealand. Throughout his distinct international careers and the experiences each have afforded him, he has developed a phenomenal work ethic and delivers nothing short of exceptional service to our clients at Oliver Road.

Danielle Adnitt

Danielle Adnitt

Operations Director | NZ

Danielle holds a key role in overseeing and maintaining operational excellence through people and process management. Leveraging a wide knowledge base from a diverse background of industries and exposure, Danielle brings immense value to Oliver Road and its clients. Her leadership and management qualities, drive for success, and expertise in understanding people and business contribute significantly to our continued growth and success.

1 Ayrshire Lane, Speargrass Flat

Sold | February 2024

"Following 9 months on the market with another agency, during a period of subdued market activity, I was somewhat disheartened and pondering whether to withdraw my property from sale and try again at a later date. It was during this time that I was introduced to Cam, who presented a compelling case for why I should reconsider this, and instead list the home with Oliver Road.

His approach was backed by thorough research, which indicated that despite the overarching quiet in the market, there were still active buyers and opportunities to be seized. Throughout the process, Cam maintained an exemplary level of communication, providing weekly updates without fail.

I am entirely satisfied with Cam and his firm, Oliver Road. His expertise, dedication, and positivity made the sale of my property remarkably smooth, and he demonstrated skilful negotiation that had a clear impact on the result. I would unequivocally recommend Cam's services to anyone looking to sell a luxury property in Queenstown."

Bruce Tunnicliffe

Verified by RateMyAgent

Aerial view of Queenstown Lakes

International Property Awards

The International Property Awards are the largest, most prestigious, and widely recognised programme throughout the world. Chaired by Lord Best and Lord Waverley, members of the UK House of Lords, the awards are judged by an independent panel of over 100 industry experts, focusing on design, quality, service, innovation, originality, and commitment to sustainability. An International Property Award is a world-renowned mark of excellence.

2025-26Best Real Estate Agent, International - Asia Pacific Nominee (Cam Winter)
2025-26Best Real Estate Agent, NZ (Cam Winter)
2025-26Best Real Estate Agency Website, NZ
2024-25Best Real Estate Agency Marketing, International - Asia Pacific Nominee
2024-25Best Real Estate Agency Website, NZ
2023-24Best Real Estate Agency Marketing, NZ
2023-24Best Real Estate Agency Website, NZ
2021-22Best Real Estate Agency Marketing, NZ
2021-22Best Real Estate Agent, International - Asia Pacific Nominee (Cam Winter)

Independently Reviewed & Ranked One of the Best in NZ

RateMyAgent's Agent of the Year Awards are the local real estate industry's most anticipated and largest real estate awards, where client's needs are put first. Now in its eighth year, it is the only awards in New Zealand that celebrate and recognise trusted real estate agents based primarily on real customer satisfaction.

Oliver Road is proud to hold "Trusted Adviser" status, meaning that a review has been requested from every client we have ever worked for, resulting in more than 99% of clients rating their experience as 5-stars.

★★★★★

99%+ Five-Star Ratings

500+
Homes Sold
15 Years
Experience
99%+
5-Star Reviews
9
International Awards

Marketing Campaign

Marketing strategy

Pre-Market Preparation

Given the nature of this property as a development with construction pending, the pre-market phase is critical. We will work closely with the design team to create a compelling narrative around the completed vision, leveraging the architectural renders, specification schedules, and the premium Kelvin Heights location.

  • Professional architectural render enhancement
  • Drone photography and videography of the site and surrounds
  • Premium property brochure design and production
  • Custom single-property website with virtual walkthrough
  • Detailed specification document for buyer due diligence
Marketing execution

Campaign Execution

Our marketing strategy targets both local and international buyers, particularly those seeking premium new-build properties in Queenstown's most desirable residential locations. The campaign will emphasise the exclusivity of the Kelvin Peninsula, the premium specification, and the lake and mountain outlook.

  • National and international portal listings (Premium+)
  • Targeted digital advertising across Google, Meta, and luxury networks
  • Direct outreach to our qualified buyer database
  • Print advertising in premium lifestyle publications
  • International exposure via Luxury Portfolio International

3-Month Campaign Plan

Channel Description Wk 1 Wk 2 Wk 3 Wk 4 Wk 5 Wk 6 Wk 7 Wk 8 Wk 9 Wk 10 Wk 11 Wk 12
Trade Me Best Position in Search
Trade Me Property Homepage
Target Buyers Searching Nearby
Top Search on homes.co.nz
Homepage Feature on homes.co.nz
Rotates to Top of Search
RealEstate.co.nz Premium Feature
Showcase Carousel
Rotates to Top of Search
OneRoof Feature (life of listing)
Super Feature (4 weeks)
NZ Herald & OneRoof Homepage (2 wks)
Weekly Refresh (4 weeks)
Meta (Paid) Launch Video Awareness Ad
Traffic Link Ad (Retargeting)
LinkedIn Launch Video Ad (Lookalikes)
Carousel Ad Retargeting
Google Keyword Targeting (Local Search)
Oliver Road Website Page Listing
Email to Database
Print & PR Premium Photo Signboard
High Quality A4 Booklets
Mountain Scene Adverts → ongoing
Feature in Kia Ora Magazine
NZME Property Press Adverts → ongoing

Campaign Detail | Contribution

Onboarding & Discovery

AML/CFT Compliance$200.00
Guaranteed Titles & Instruments$138.90
Current LIM, Council File & Other$259.13

Media Production

Professional Photography & Editing$2,499.00

Marketing Collateral

Premium 24 Page Property Brochures$458.67
Extra-Large Premium Photo Signboard$382.01

Campaign - Print Publications

NZME Property Press (Launch & Ongoing)$1,250.00
Mountain Scene (Launch & Ongoing)$750.00

Campaign - Websites

TradeMe Platinum Package$1,749.00
TradeMe Audience Extension$260.00
RealEstate Platinum Package$813.27
OneRoof Super Boost Package$550.00
NBR Marketplace$19.00
JamesEdition$8.70
ListGlobally Luxury & Elite$275.00
HouGarden Ultimate Package$433.19

Campaign - Digital & Social

Meta - Launch Campaign + Retargeting$150.00
LinkedIn - Launch Campaign + Retargeting$100.00
Google - Launch Campaign + Retargeting$100.00
Pinterest - Launch Campaign + Retargeting$100.00
Digital Add-ons & Extras$250.00
Total Contribution (+ GST)$10,745.87

Agreement & Fees

Agency Agreement

Our unique agreement is more fairly balanced between the two parties than the industry's standard template.

TypeSole/exclusive
TermOpen-ended (not a fixed 90 day period)
TerminationClient is free to terminate anytime

Agreed Contributions

All expenses are passed on at cost and/or are subsidised by us - we derive no profit in the process of listing and marketing your property.

Onboarding & DiscoveryAt cost
Media ProductionAt cost
Marketing CollateralAt cost
Real Estate Portals & WebsitesAt cost
Digital & Social Targeting/RetargetingAt cost
Print Publications & OtherAt cost
Total Contribution (+ GST)$10,745.87

Commission

We charge all clients on all properties the same fee - payable only on completion of a successful sale at the time of the deposit being released to you.

Commission rate2.5% + GST on the sale price

To Be Discussed

The recommended method of sale for Lot 4 / House 4 will be discussed in a conversation with the seller. Given the nature of the property as a pre-construction sale with a structured payment schedule, there are a number of factors to consider when determining the most effective sales method, including market conditions, buyer profile, and the timeline for construction completion. We look forward to discussing this in detail.

Construction & Campaign Timeline

The project is currently in Council for Building Consent. Construction is expected to commence in early April 2026, with practical completion targeted for mid-December 2026. The following timeline outlines the key milestones and the proposed campaign launch.

March 2026

Building Consent in Progress - Application BC251616 currently in processing with Queenstown Lakes District Council.

Early April 2026

Construction Commences - Building works begin on Lot 4, House 4.

24 April 2026

Campaign Launch - Marketing campaign goes live across all channels as detailed in the campaign schedule.

Mid-December 2026

Practical Completion - Targeted completion of the dwelling, ready for handover.

Proposed Sale Structure

The seller has outlined the following payment structure for the sale of Lot 4 / House 4:

AgreementSale & Purchase Agreement prepared by the seller's lawyer
Deposit10% of the purchase price
On Issue of Land Title$1,400,000 payable (title transferred to the purchaser at this stage)
BalancePayable on completion
Institute for Luxury Home Marketing International Property Awards Luxury Lifestyle Awards CLHMS Membership RateMyAgent