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402 Frankton Road, Queenstown, Queenstown-Lakes, Otago, 6 Bedrooms, 4 Bathrooms, House

Auction12/07, Friday 11:00

402 Frankton Road, Queenstown, Queenstown-Lakes, Otago

6
4
130m2
496m2
HouseListed on Thu May 23
Open HomeMost Popular

Queenstown 6 Bedroom Investment goldmine

This exceptional investment opportunity at 402 Frankton Road is perfect for savvy investors seeking guaranteed returns. The property’s unique flexibility allows you to customize spaces to meet your needs and those of your guests. It features a dual-key, four-bedroom, two-bathroom house, along with a solid-built 'Modbox' at the rear that offers scenic lake views and a premium location.

The Modbox includes two separate studio bedrooms, each with its own en-suite bathroom and kitchenette, ensuring privacy and convenience. The inviting outdoor living area, complete with a fire pit and luxurious spa, is perfect for relaxation and entertaining. Inside, a cozy fireplace adds warmth and charm to the living space, creating a perfect ambiance for chilly evenings.

This property offers endless possibilities: flexibility for long-term and short-term rentals, or a combination of both, living in part of the property while renting out the rest, or renting individual rooms. It supports various lifestyle and income-generating options, underpinned by a freehold title to secure your investment.

No matter how you choose to use it, you can be confident of substantial rewards!

Conveniently located between the vibrant hubs of Queenstown and Frankton, the property is close to bus stops, providing easy access to all amenities. Fully furnished and ready for immediate occupancy or rental, this turnkey solution is an opportunity not to be missed. Own this incredible property and enjoy both financial returns and a wonderful living experience!

Location

Auction

Jul12
Friday11:00

Council Data

Last update : 2024 06 12
Improvement value$600,000Increased by 104% from year 2017
Land value$690,000Increased by 61% from year 2017
CV(Year 2021 Month 09)$1,290,000Increased by 79% from year 2017
View typeFocal Point Of view - Water
ContourEasy/Moderate Fall
Land area496m²
Floor area89m²
Decade of construction1998
TitleOT17D/1043
Type of titleFreehold
Legal descriptionLOT 2 DP 25872
CouncilQueenstown Lakes
Estate descriptionFSIM,1/1,LOT 2 DEPOSITED PLAN 25872,496m2
ConstructionExternal Walls: Roughcast 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)
1.88 km
Primary
1-8
Government
Co-Educational
EQI: 389
10
Queenstown Primary School
2.30 km
Primary
1-8
Government
Co-Educational
EQI: 403
10

Property history

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For developers

Unitary plan:Low Density Residential Zone
Land:496m²
Title:Freehold
Zoning
Underground
Contour
State houses
Flood zone

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
0.74 km
0m2
Year 2024 Month 05 Day 10
$470,000
Council approved
0.29 km
2
101m2
Year 2024 Month 04 Day 12
$1,341,000
Council approved
0.58 km
3
147m2
Year 2024 Month 02 Day 02
$1,900,000
Council approved
0.26 km
4
179m2
Year 2024 Month 01 Day 23
$1,300,000
Council approved
0.69 km
3
2
130m2
Year 2024 Month 01 Day 19
$1,000,000
Council approved

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Ref:4482655Last update:2024-06-12 15:35:48