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513 Peninsula Road, Kelvin Heights, Queenstown Lakes, 4 Bedrooms, 0 Bathrooms, House

Sold: $3,550,000

Sold on 2024 Year 2024 Month 05 Day 19

513 Peninsula Road, Kelvin Heights, Queenstown Lakes

4
266m2
890m2

Nestled on an elevated site with panoramic views of Lake Wakatipu and the surrounding mountains, this contemporary 4-bedroom, 3-bathroom home is a gem in Kelvin Heights. Built with concrete walls and an iron roof, this freehold property boasts a floor area of 266sqm on a land area of 890sqm. The capital value has seen a remarkable increase of 138.56% from $1,530,000 in July 2017 to $3,650,000 as of September 2021. The property's HouGarden AVM is valued at $3,395,000, with the latest sale recorded at $1,750,000 in July 2017. The home is designed for modern living, with Italian porcelain benchtops, rich walnut finishes, and floor-to-ceiling glass windows that let in ample natural light and offer stunning views.

As for the government valuation, the rapid growth reflects the property's desirability in the Kelvin Heights community. The latest sale history and the AVM further validate the property's worth. This home is not just a residence but a sound investment with a promising future.

For families with children, the property falls within the zone for both St Joseph's School (Queenstown) and Remarkables Primary School, both rated 10 on the decile scale. This ensures access to quality education for your little ones.

Updated on May 22, 2024

Council Data

Last update : 2024 06 19
Improvement value$2,190,000Increased by 365% from year 2017
Land value$1,460,000Increased by 37% from year 2017
CV(Year 2021 Month 09)$3,650,000Increased by 138% from year 2017
DeckYes
View typeFocal Point Of view - Water
ContourEasy/Moderate Fall
Land area890m²
Floor area266m²
Decade of construction2023
TitleOTB2/1321
Type of titleFreehold
Legal descriptionLOT 61 DP 9655
CouncilQueenstown Lakes
Estate descriptionFSIM,1/1,LOT 61 DEPOSITED PLAN 9655,890m2
ConstructionExternal Walls: Concrete Roof: Iron
ConditionExternal Walls: Good Roof: Good
ZoningLow Density Residential Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
St Joseph's School (Queenstown)
2.44 km
Primaria
1-8
Escuela Pública
Co-Educativo
EQI: 389
10
Remarkables Primary School
3.64 km
Primaria
1-8
Escuela Pública
Co-Educativo
EQI: 399
10

Property history

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For developers

Unitary plan:Low Density Residential Zone
Land:890m²
Title:Freehold
Zoning
Underground
Contour
State houses
Flood zone

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
493 Peninsula Road
0.83 km
2
1
80m2
Year 2024 Month 05 Day 08
$1,680,000
Council approved
1.01 km
2
1
99m2
Year 2024 Month 04 Day 22
$1,120,000
Council approved
544 Peninsula Road
0.98 km
4
4
567m2
Year 2024 Month 04 Day 19
$5,075,000
Council approved
1.04 km
3
1
88m2
Year 2024 Month 03 Day 14
$1,420,000
Council approved
0.30 km
5
232m2
Year 2024 Month 01 Day 26
$1,950,000
Council approved

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