Nestled in the serene Alpine Village, this 2-bedroom unit at 26/643 Frankton Road, Queenstown, offers a lifestyle of convenience and stunning lake views. Constructed in 2003 with concrete walls and an iron roof, this Unit Title property is in good condition and boasts a floor area of 147 square meters, complete with a parking space and a tandem garage. The property's capital value has seen a growth of 9.21% from $760,000 in July 2017 to $830,000 as of September 2021. The latest sales highlight a significant increase, with a sale in May 2024 reaching $1,045,000, up from $785,000 in November 2016. HouGarden's AVM estimates the property's value at $775,000, making it an attractive investment. The location is zoned for top-rated schools, Queenstown Primary and St Joseph's, both decile 10. With a 365 short-term Visitor Accommodation Consent, this property presents a unique opportunity for investors or homeowners looking for a renovation project in a picturesque setting.
Boasting views of Lake Wakatipu, The Remarkables, and Cecil Peak, this apartment complex is designed with cedar cladding and tilt slab construction for both beauty and durability. Apartment 26, being a corner unit, enjoys expansive views and a practical layout with a full kitchen flowing into an open-plan dining and living area that leads to a spacious balcony. Its strategic position between the airport, shopping centers, and Queenstown's CBD, with direct access to scenic walking and biking trails, adds to the appeal. This property is ready for an update that could boost rental yield or create a stunning home in a prime location.
For families, the school network is a significant plus, with both primary schools being of the highest decile rating, ensuring quality education for children. Whether as a home or an investment, this property holds great potential.
Updated on June 26, 2024
