402 Frankton Road, Queenstown, Queenstown Lakes

Nestled at 402 Frankton Road, this residential dwelling on a freehold title boasts 6 bedrooms, 1 bathroom, and a single car park. Constructed in 1998 with roughcast walls and an iron roof in good condition, the property sits on a 496sqm land with a 89sqm floor area, enjoying an easy/moderate fall contour. The capital value has seen a rapid increase from $720,000 in July 2017 to $1,290,000 as of September 2021, reflecting a growth of 79%. The HouGarden AVM estimates the property at $1,300,000, with the latest sales recorded at $1,520,000 in August 2024 and $1,198,000 in December 2020. This property is not just a home but a versatile investment, ideal for those seeking high returns with options for long-term, short-term rentals, or a combination of both.

For families, the property falls within the highly rated school zones of Queenstown Primary School and St Joseph's School, both decile 10. The location is convenient, placed between the bustling hubs of Queenstown and Frankton, with easy access to public transport and amenities. This turnkey property, complete with a cozy fireplace, outdoor living area with a fire pit and spa, and scenic lake views, is a golden opportunity waiting to be seized.

With its dual-key feature, privacy is assured in the two separate studio bedrooms with en-suite bathrooms at the rear 'Modbox'. Whether you choose to live in, rent out, or enjoy the best of both worlds, this property promises substantial rewards and a delightful living experience.

Updated on October 02, 2024