513 Peninsula Road, Kelvin Heights, Queenstown Lakes

Nestled on an elevated site with panoramic views of Lake Wakatipu and the surrounding mountains, this contemporary 4-bedroom, 3-bathroom home is a gem in Kelvin Heights. Built with concrete walls and an iron roof, this freehold property boasts a floor area of 266sqm on a land area of 890sqm. The capital value has seen a remarkable increase of 138.56% from $1,530,000 in July 2017 to $3,650,000 as of September 2021. The property's HouGarden AVM is valued at $3,395,000, with the latest sale recorded at $1,750,000 in July 2017. The home is designed for modern living, with Italian porcelain benchtops, rich walnut finishes, and floor-to-ceiling glass windows that let in ample natural light and offer stunning views.

As for the government valuation, the rapid growth reflects the property's desirability in the Kelvin Heights community. The latest sale history and the AVM further validate the property's worth. This home is not just a residence but a sound investment with a promising future.

For families with children, the property falls within the zone for both St Joseph's School (Queenstown) and Remarkables Primary School, both rated 10 on the decile scale. This ensures access to quality education for your little ones.

Updated on May 22, 2024