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Off Market

18 Panorama Terrace

Queenstown Otago

6
4
5
220 m²
478 m²
Other
Deni BevinDeni Bevin, last sold this property on 04 August 2026 after 110 days on market.

Overview

Three Incomes Massive Yield Close To Town

Three incomes within a solid block, freehold property. Located in a sought after lower Queenstown Hill position with ability to generate $119,000+ gross annual return, on a long term rental basis. Also zoned medium density, there's massive potential for short term rental options. Subject to VA consent a selection of these fully self contained units could be ideal for Airbnb style rentals. From 5.7% up to 11.6+% gross returns, depending on how a switched on buyer wishes to set this up. This is a property that delivers from day one, while still offering flexibility depending on your approach. Continue with the current setup for steady income, or adjust over time to suit your plans. It is a well configured property in a location that continues to see consistent demand. The upper level includes a 3 bed 2 bath residence and a 1 bed 1 bath unit, while a recently completed 2 bed 1.5 bath unit occupies the lower level. Each tenancy is positioned for privacy and consistent occupancy. From the upper level, there are good mountain views and some water views toward the southern end of Lake Whakatipu, adding further appeal in this established hillside setting. A number of key improvements have been completed, with updates to kitchens and most bathrooms, new carpet, and high performance uPVC double glazing across most of the home supporting warmth and efficiency. Updated ceiling insulation and a heat transfer system assist the main residence, with heat pumps and under tile bathroom heating in the lower unit. New exposed aggregate concrete and ample off street parking complete the offering. There is a clear level of care in how the property has been maintained and improved, providing a solid base for the next owner. Private inspections available with prior notice. A full video walk through is available on request.

Features

6 bedrooms
4 bathrooms
5 carspaces
5 open car spaces
220 m² floor area
478 m² lot size
Other

Estimated Value

We need at least 3 similar 6 bedroom other properties sold in Queenstown over the last 12 months.

Property history for 18 Panorama Terrace

2026
Sold
04 Aug 2026 by Deni Bevin, of One Agency - The Property Specialists Queenstown
2022
Sold
$1,200,000
30 Sep 2022 by Brendan Quill, of Colliers Otago Queenstown

Happy sellers in Queenstown

86%
86% of sellers in Queenstown reported that their sale price either exceeded or met their price expectations.

Queenstown stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 47 reviews in Queenstown over the last 12 months.

Local market activity for 6 bedroom other properties in Queenstown

In the last 12 months, 2 six-bedroom other properties similar to 18 Panorama Terrace, have been sold.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Queenstown

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Megan Osborne

Megan Osborne is an award winning recommended agent for Queenstown.  They have 10 local sales and collected 8 local reviews across the last 12 months.

  •   5   (120 reviews)
  •  8 Reviews in Queenstown
  •  10 Sales in Queenstown
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Amelia Cross

Amelia Cross is a recommended agent for Queenstown.  They have 1 local sale and collected 8 local reviews across the last 12 months.

  •   5   (60 reviews)
  •  8 Reviews in Queenstown
  •  1 Sale in Queenstown
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David Penrose

David Penrose is a recommended agent for Queenstown.  They have 4 local sales and collected 7 local reviews across the last 12 months.

  •   4.9   (17 reviews)
  •  7 Reviews in Queenstown
  •  4 Sales in Queenstown
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Deni Bevin

Sellers who recommend Deni Bevin have praised them for being local expert, clear communication, honest, responsive, supportive, dedicated and friendly

  •   5   (129 reviews)
  •  7 Reviews in Queenstown
  •  5 Sales in Queenstown
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