508 Malaghans Road, Speargrass Flat, Queenstown Lakes

Located at 508 Malaghans Road, Speargrass Flat, Queenstown Lakes, this exquisite 6-bedroom Rural Residence is a testament to luxury living in one of Queenstown's most sought-after locales. With a land area of 10,835 sqm and a floor area of 379 sqm, this freehold property features mixed materials for wall construction and an iron roof, both in good condition. Built in 1970, the property is categorized as Lifestyle - Improved and boasts a level contour. It includes 3 car parks, highlighting its ample space for vehicles.

The property has seen a significant increase in capital value, from $2,270,000 in July 2017 to $3,480,000 in September 2021, marking a 53.3% growth. The HouGarden AVM estimates its value at $3,420,000. Its sale history reveals a purchase for $1,625,000 in March 2010 and $540,000 in May 1998, demonstrating a steady appreciation over the years.

Education is a priority, with the property zoned for top-tier schools such as St Joseph's School (Queenstown) and Shotover Primary School, both full primary schools with a decile rating of 10. This ensures access to high-quality education, making it an ideal location for families.

Updated on March 26, 2024.