4b-E Lake Avenue, Frankton, Queenstown Lakes

Nestled in the serene Frankton, Queenstown Lakes, 4b-E Lake Avenue is a charming residential unit with a rich history dating back to 1960. Constructed with a mix of materials for the walls and iron for the roof, this property offers an average condition throughout. It boasts a single bathroom, one carpark, and a modest floor area of 30 square meters, all on a level contour. The ownership type is a Unit Title, ensuring a secure and managed investment.

As for financials, the property has seen a significant Capital Value increase of 31.67% from $300,000 in July 2017 to $395,000 as of September 2021. The HouGarden AVM estimates the value at $387,500, while the latest sales records show a sale price of $450,000 in July 2024, a substantial jump from the previous sale of $145,000 in March 2015.

For families with children, the property falls within the catchment area of two top-rated schools: St Joseph's School and Remarkables Primary School, both Decile 10 institutions, ensuring a high-quality education for young ones.

Updated on August 07, 2024