50/716 Frankton Road, Queenstown, Queenstown Lakes

Nestled in the serene Beechwood complex of Queenstown, this inviting two-bedroom, one-bathroom unit with a single carpark presents an attractive opportunity for investors and homeowners alike. Constructed in 2002 with a mix of materials for the walls and iron for the roof, both in good condition, this property offers a comfortable floor area of 78 square meters. As a unit title, it provides the freedom to live-in, rent out, or enjoy as a holiday retreat. Notably, the property has seen a 12.5% increase in Capital Value from $560,000 in July 2017 to $630,000 as of September 2021. The latest sale history boasts a price of $800,000 in August 2024, with a HouGarden AVM estimate of $602,500, indicating a robust market presence.

For families with children, the property falls within the highly sought-after school zones of Queenstown Primary School and St Joseph's School, both decile 10 institutions. The property's convenient location, with easy access to central Queenstown, Frankton, and the International Airport, as well as proximity to the lake and public transport, further enhances its appeal. The residence benefits from generous views of The Remarkables and Lake Wakatipu, double glazing, a heat pump, and a central mechanical ventilation system, ensuring comfort and energy efficiency.

With the existing tenancy ending on October 14th, and tenants expressing a desire to stay, this property offers immediate income potential. Given Queenstown's enduring desirability and the increasing popularity of the area, this is a rare chance to secure an affordable property in a prime location. Act now to avoid missing out on this auction opportunity.

Updated on October 23, 2024