29 Forbes Place, Glenorchy, Queenstown Lakes

Embrace the charm of this delightful Kiwi 'bach' nestled in the heart of Glenorchy. This 1-bedroom, 1-bathroom residence with 2 carparks is set on a sun-drenched 842sqm freehold section at 29 Forbes Place. Constructed in 2000 with iron walls and roof in good condition, the property boasts a heat pump and gas hot water for year-round comfort. The section is fully fenced, ensuring safety for pets and children, and is adorned with established fruit trees. This property, with a CV of $530,000 as of September 2021, has seen a 32.5% increase since July 2017. The HouGarden AVM estimates it at $520,000, while the latest sales were at $570,000 in June 2024 and $230,000 in February 2015. Located in a quiet cul-de-sac, it's a two-minute stroll from the lakefront and is in the enviable school zone of the highly rated Enviro Primary School.

With a capital value growth that speaks volumes about its investment potential, this property is not just a holiday haven but also a perfect starting point for first-home buyers or a dual-income investment opportunity. The breathtaking mountain views and the convenience of outdoor activities make Glenorchy a unique destination, only 40 minutes from Queenstown and a 50-minute drive to the international airport.

For those with a passion for the outdoors and a desire for a vibrant community, this property is an invitation to start living the dream.

Updated on August 07, 2024