57 Drysdale Road, Jacks Point, Queenstown Lakes

Nestled in the prestigious Hanley's Farm, 57 Drysdale Road presents a versatile home and income opportunity on a freehold section. This 196m², 4-bedroom residence with a mixed-material exterior and iron roof, built in 2022, boasts a modern design that harmonizes functionality and elegance. The property, set on a level 448m² land, features a good-condition wall and roof, a double garage, and off-street parking for 2 cars. The capital value has seen a significant increase of 41%, from $940,000 in 2017 to $1,325,000 as of 2021, with the HouGarden AVM estimating the property at $1,210,000. The latest sales were recorded at $1,568,888 in 2024 and $1,165,000 in 2021, indicating a robust investment potential.

For families, the property falls within the highly rated school zones of St Joseph's School (Queenstown) with a decile rating of 10 and Te Kura Whakatipu o Kawarau. The main house, with its open-plan living and a spacious master bedroom, complements the self-contained one-bedroom flat at the rear, which is currently utilized as an Airbnb, offering additional income potential or space for extended family. This property is a gem not to be missed, especially with the main house tenancy ending on November 18th, making it an ideal opportunity to secure before Christmas.

With the vendors motivated to sell, this home and income delight in a quiet cul-de-sac won't last long on the market. It's a chance to invest in a property that not only promises comfort and convenience but also holds strong capital value growth.

Updated on December 04, 2024