98 Thompson Street, Queenstown, Queenstown Lakes

Welcome to 98 Thompson Street, a centrally located residential gem on a freehold 670sqm section. This spacious two-level home boasts four bedrooms, one bathroom, and a single carpark. Constructed in 1956 with wood walls and an iron roof, both in average condition, it presents a solid foundation for potential development. The property benefits from a capital value increase of 13.74% over the last four years, from $1,055,000 to the current $1,200,000. The latest sale price of $1,270,000 in 2024 showcases the investment potential. The HouGarden AVM estimates the property's worth at $1,170,000. This home is situated in a prime school zone, with both Queenstown Primary and St Joseph's School rated a 10 on the decile scale.

With a Medium Density zoning and potential for multi-unit development, this property is a golden opportunity for investors. The convenient location, near future amenities and with increasing local traffic, adds significant value. The property currently generates a steady rental income and features new carpet, insulation, and a modern bathroom. Don't miss the chance to capitalize on this promising property, which is set to auction on 7 June unless sold prior.

For families, the school network is second to none. Both Queenstown Primary School and St Joseph's School offer a full primary education and are highly rated within the community. This property not only promises a comfortable living environment but also ensures access to quality education for your children.

Updated on July 26, 2024