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  1. Home
  2. Property
  3. Sold
  4. Queenstown
  5. Kelvin Heights
  6. 587 Peninsula Road
Sold on 17 Jun 2026

587 Peninsula Road, Kelvin Heights, Queenstown

SOLD: $5,700,000
  • 3 Beds
  • 2 Baths
  • 2 Parks

Property details

Ownership type (Council record)
Freehold
Floor Area (Council record)
140m² more or less
Land area (Council record)
1199m² more or less
Bedrooms (Council record)
3 Bedrooms
Bathrooms (Council record)
2 Bathrooms
Garage parking (Council record)
2 Garage parking
Off-street parking
2 Off-street parking
Has deck
Yes
View type
Water
Decade built
1970s
Wall material
Wood in all forms, including treated plywood and compressed wood products
Roof material
Iron, including steel and corrugated long-run
Building footprint
140m² more or less
Contour
Easy to moderate fall
Capital value (CV)
$3,580,000
Land value
$3,480,000
Improvement value
$100,000
Certificate of title
OTB1/122
Legal description
LOT 37 DP 9655 KAWARAU FALLS TSP EXTN NO 1
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Property estimateCapital valueTrends

HomesEstimate

Updated: 20 Aug 2026

$3.07M - $3.48M

What is the HomesEstimate?

RentEstimate

Updated: 02 Apr 2025

$2,000 - $3,180 /week

Rental yield

4.1%

What is rental yield?

These are computer-generated price estimates.
To understand your home’s value, get an appraisal from a local agent.
Estimated value history for 587 Peninsula Road, Kelvin Heights, Queenstown
DateThis homeThis suburb
7 August 2025 $2.18M
21 August 2025 $2.17M
4 September 2025 $3.22M (range $3.08M to $3.37M) $2.19M
18 September 2025 $3.29M (range $3.11M to $3.46M) $2.25M
2 October 2025 $3.38M (range $3.16M to $3.59M) $2.28M
16 October 2025 $3.3M (range $3.09M to $3.52M) $2.28M
30 October 2025 $3.24M (range $3.04M to $3.44M) $2.25M
13 November 2025 $3.26M (range $3.04M to $3.48M) $2.27M
27 November 2025 $3.37M (range $3.13M to $3.62M) $2.27M
11 December 2025 $3.44M (range $3.21M to $3.67M) $2.33M
25 December 2025 $3.38M (range $3.16M to $3.59M) $2.28M
8 January 2026 $3.35M (range $3.16M to $3.53M) $2.24M
22 January 2026 $3.33M (range $3.13M to $3.54M) $2.25M
5 February 2026 $3.42M (range $3.22M to $3.62M) $2.31M
19 February 2026 $3.36M (range $3.16M to $3.55M) $2.27M
5 March 2026 $3.17M (range $2.96M to $3.37M) $2.18M
19 March 2026 $3.39M (range $3.17M to $3.6M) $2.24M
2 April 2026 $3.28M (range $3.02M to $3.53M) $2.25M
16 April 2026 $3.41M (range $3.19M to $3.64M) $2.25M
30 April 2026 $3.28M (range $3.05M to $3.51M) $2.23M
14 May 2026 $3.42M (range $3.21M to $3.62M) $2.23M
28 May 2026 $3.45M (range $3.22M to $3.67M) $2.28M
11 June 2026 $3.39M (range $3.15M to $3.63M) $2.27M
25 June 2026 $3.35M (range $3.16M to $3.54M) $2.3M
9 July 2026 $3.39M (range $3.21M to $3.58M) $2.29M
23 July 2026 $3.41M (range $3.21M to $3.61M) $2.3M
6 August 2026 $3.31M (range $3.1M to $3.51M) $2.31M
20 August 2026 $3.27M (range $3.07M to $3.48M) $2.31M
Capital value
$3.58M
Capital value updated
01 Sept 2024
Land value
$3.48M
Improvement value
$100K

Sale history timeline

  1. 17 June 2026
    Sold

    $5,700,000

    S12
  2. 01 September 2024
    Capital Value

    $3,580,000

  3. 01 September 2021
    Capital Value

    $2,820,000

  4. 01 July 2017
    Capital Value

    $2,340,000

  5. 01 July 2014
    Capital Value

    $1,300,000

  6. 23 December 1999
    Sold

    $N/A

    S13
  7. 01 January 1970
    Decade built

    1970

Local Schools

All (0) Primary (0) Intermediate (0) Secondary (0)

While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.

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