Nestled at 236 Frankton Road, Queenstown, this exquisite freehold property is a Residential - Home & income opportunity. Constructed in 1960 with wood walls and iron roof in good condition, it boasts a floor area of 150sqm and a land area of 692sqm. The property features 4 bedrooms, 3 bathrooms, and 5 carparks. The capital value remains stable at $1,330,000 since 2020, with a CV increase speed of 0.0%. The HouGarden AVM estimates the property at $1,215,000, while the latest sale history shows a significant jump from $443,000 in 2006 to $1,500,000 in 2024. This property is located in a prime school zone, with both Queenstown Primary School and St Joseph's School (Queenstown) being decile 10 full primary schools.
With stunning views of Lake Whakatipu and the Remarkables Mountain Range, the property has undergone a major renovation in 2013, enhancing its efficiency and aesthetics. The upper unit features a modern kitchen, a cozy living area with a heat pump and a Woodsman burner fireplace, while the lower unit is a fully self-contained flat with separate entrance and lake views. This property offers a combined rental appraisal of $1,620 to $1,660 per week, making it an ideal investment for those seeking substantial income potential.
Set in a quiet cul-de-sac, this property is perfect for smart investors, homebuyers seeking additional income, or those who appreciate the convenience of being close to Queenstown's vibrant city center. Explore the potential of 236 Frankton Road and seize this investment opportunity.
Updated on December 11, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.19 km | 4 | 290m2 | Year 2024 Month 12 Day 05 | $3,079,000 | Council approved | ||
0.11 km | 3 | 130m2 | Year 2024 Month 11 Day 07 | $1,130,435 | Council approved | |||
0.11 km | 3 | 130m2 | Year 2024 Month 11 Day 07 | $1,130,435 | Council approved | |||
 | 0.19 km | 4 | 4 | 305m2 | Year 2024 Month 11 Day 05 | - | Council approved | |
 | 0.10 km | 3 | 132m2 | Year 2024 Month 09 Day 19 | $905,000 | Council approved |