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3/23 Inverness Crescent, Arrowtown, Queenstown Lakes, 1 Bedrooms, 1 Bathrooms, Unit

Sold: $765,000

Sold on 2024 Year 2024 Month 10 Day 09

3/23 Inverness Crescent, Arrowtown, Queenstown Lakes

1
1
60m2

Nestled in the serene Arrowtown, this 1-bedroom, 1-bathroom residence with a single carpark is a gem in the heart of Queenstown Lakes. Constructed with sturdy iron roofing and well-maintained wooden walls, this cross-lease property at 3/23 Inverness Crescent offers a floor area of 60 square meters. The capital value has seen a significant increase from $580,000 in July 2017 to $700,000 as of September 2021, reflecting a growth of 20.69%. The property, valued at $695,000 by HouGarden AVM, also boasts a latest sale history of $765,000 in October 2024, and $270,000 in August 2015. This home, renovated by the award-winning local firm Assembly Architects in 2017, is an epitome of modern comfort with a heat pump, underfloor heating, and new double glazed windows.

With a CV increase that speaks volumes about its investment potential, this property is not just a home but a smart investment. It's situated in a level contour, with a fenced yard and a sizeable storage shed, making it an ideal lock and leave holiday home or a perfect retirement abode. The location is further enhanced by its proximity to high decile schools, with both Arrowtown School and St Joseph's School (Queenstown) being 10-minute walk away, offering a quality education within the zone.

Enjoying a sunny aspect all year round, this residence is a perfect blend of style and convenience. A flat 2-minute walk to the local Four Square and a 10-minute stroll to the vibrant main street with its array of bars, restaurants, and shops, this property is not just a home, it's a lifestyle. Make this stylish, low maintenance property your own and embrace the Arrowtown charm.

Updated on November 07, 2024

Council Data

Last update : 2024 12 11
Improvement value$380,000Reduced by -11% from year 2017
Land value$320,000Increased by 113% from year 2017
CV(Year 2021 Month 09)$700,000Increased by 20% from year 2017
DeckYes
View typeNo appreciable view
ContourLevel
Floor area60m²
TitleOT6A/173
Type of titleCross-Lease
Legal descriptionFLAT 3 GGE 3 DP 15406 ON LOT 1 DP 15406 - HAVING 1/5 SH IN 1097 M2
CouncilQueenstown Lakes
Estate descriptionFSIM,1/5,FLAT 3 LOT 1 DEPOSITED PLAN 15406 AND GARAGE 3 LOT 1 DEPOSITED PLAN 15406
ConstructionExternal Walls: Wood
Roof: Iron
ConditionExternal Walls: Good
Roof: Good
ZoningLow Density Residential Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Arrowtown School
0.55 km
Primary
1-8
Government
Co-Educational
EQI: 391
10
St Joseph's School (Queenstown)
16.47 km
Primary
1-8
Government
Co-Educational
EQI: 389
10

Property history

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For developers

Unitary plan:Low Density Residential Zone
Land:-
Title:Cross-Lease

Inverness Crescent Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
3/21 Inverness Crescent, Arrowtown
0.24 km
2
1
60m2
Year 2024 Month 12 Day 06
-
Council approved
19 Inverness Crescent, Arrowtown
0.48 km
3
118m2
Year 2024 Month 09 Day 10
$1,505,000
Council approved
10 Preston Drive, Arrowtown
0.51 km
5
221m2
Year 2024 Month 08 Day 01
$2,835,000
Council approved
10 Pritchard Place, Arrowtown
0.47 km
3
190m2
Year 2024 Month 07 Day 02
$2,700,000
Council approved
0.69 km
2
213m2
Year 2024 Month 07 Day 02
$2,525,000
Council approved

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