3/1066 Frankton Road, Frankton, Queenstown Lakes

Nestled in the heart of Frankton, Queenstown Lakes, this 2-bedroom, 1-bathroom unit with a single carpark presents an ideal investment opportunity. Constructed in 1995 with concrete walls and an iron roof, both in good condition, the property sits on a level contour and is maintained with ease. The 72 square meter floor area is complemented by an open-plan kitchen, living, and dining area with patios front and back, perfect for relaxation or entertainment. As a Unit Title, this property holds a government valuation (CV) of $530,000 as of September 2021, showing a significant increase of 51.43% from its $350,000 valuation in July 2017. The HouGarden AVM estimates the property at $510,000, with the latest sale recorded at $610,000 on March 8th, 2024, and a previous sale at $220,000 in November 2014.

For families, the property falls within the decile 10 school zones of both St Joseph's School and Remarkables Primary School, ensuring top-notch education for children. The property's convenient location, just a short drive from the airport and local amenities, and a 10-minute walk to Frankton Beach, adds to its appeal. It's a low-maintenance investment with impressive financials over the last 12 months, ready for either continuing management or long-term tenancy. This property is set to go under the hammer on March 8th, 2024, and presents a golden opportunity for investors or those seeking a lock-and-leave lifestyle.

With a highly motivated vendor, this is a chance not to be missed. For those interested in viewing the property, contacting Eloise or Jess is the first step towards securing this prime investment in Queenstown's most accessible investment location.

Updated on April 17, 2024