Nestled in the picturesque Gorge Road Retail Centre of Queenstown, this inviting two-bedroom apartment is a gem, both in affordability and location. Constructed in 2004 with robust concrete walls and an iron roof in good condition, it offers a floor area of 60 square meters and is part of a unit title ownership. The property, located at 49/159 Gorge Road, presents a rare opportunity to enter the Queenstown property market or expand an investment portfolio. The latest sale history showcases an increase from $400,000 in 2016 to $550,000 in 2024, with a current HouGarden AVM of $495,000. The government’s capital value has also seen a significant jump from $430,000 in 2017 to $510,000 in 2021, indicating a growth rate of 18.6%. The apartment is equipped with a heat pump, a carpark, and has been freshly repainted, ready for its new owner.
When it comes to valuation and investment potential, this apartment is a sure winner. The capital value increase and the latest sale prices reflect a promising trend in the property’s worth. It’s a smart investment that combines the convenience of a central location with the allure of Queenstown’s mountainous charm.
For families with children, the school zone is another highlight. Both Queenstown Primary School and St Joseph's School are within reach, offering a full primary education and boasting a decile rating of 10. This indicates a high-quality education zone, adding further value to this attractive property.
Updated on August 01, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.23 km | 2 | 1 | 60m2 | Year 2024 Month 11 Day 13 | - | Council approved | |
0.35 km | 4 | 132m2 | Year 2024 Month 10 Day 08 | $790,000 | Council approved | |||
0.40 km | 4 | 140m2 | Year 2024 Month 08 Day 31 | $1,100,000 | Council approved | |||
 | 0.06 km | 2 | 2 | 76m2 | Year 2024 Month 08 Day 12 | - | Council approved | |
0.18 km | 2 | 1 | 70m2 | Year 2024 Month 07 Day 29 | $850,000 | Council approved |