A million reasons for Steve Hansen to smile

7 Forest Heights sold for $990,000 over CV. Steve Hansen has owned the property since August 2016.

Whilst the All Blacks walked away empty handed from the Rugby World Cup, and his Christchurch home got passed in at auction, Steve and Natasha Hansen’s house at 7 Forest Heights, Peninsula Bay sold for $2.7million on October 1 —  a whopping $990,000 over CV. 

Ray White agent, Rachel Walsh sold the 495msq house to a buyer who was oblivious to the house’s famous owner.  “I think the buyer didn’t even know who he was and didn’t even know it was his house,” said Walsh. The undisclosed buyers are New Zealanders who live overseas. 

The five-bedroom, five bathroom house on a large site of 1,277msq has expansive views of the lake and mountains, towards Treble Cone. It featured a large entertainers kitchen with expansive living areas whilst downstairs there was a large studio (bedroom, bathroom and kitchenette) with its own entrance, a handy storeroom, garaging for four cars and plenty of parking including space for a boat.

It’s this expansiveness that lent value to the price according to Walsh. “If you’ve got good views, that’s what people want. There’s been nothing like this on the market for quite a while, and it’s quite liveable too. It was big but didn’t feel huge.”

For neighbouring properties, the flow-on effect is uncertain. Hansen’s neighbours at 3 Westview Road sold earlier this year for $2.5m with a CV of $1.85m. Big prices in Peninsula Bay are not uncommon but it’s not a given than everyone who lists now will make the same gains. The Hansens originally paid $1.8million for the property when they purchased it in August 2016. 

In sales data from First National Wānaka, September sales were a mixed bag. Some properties selling just under CV whilst a few making enormous gains similar to the Hansens. Twenty two properties were sold in Wānaka in September with the average price being $1,170,588. 

The loss of the All Black coach to the neighbourhood will be noticed however there is still Richie McCaw’s house which is only a (literal) stone’s throw away so Wānaka isn’t losing all its rugby royalty.


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