12 Kingan Road, Luggate, Queenstown Lakes

Nestled in the serene Luggate, this charming 3-bedroom, 2-carpark bungalow on 12 Kingan Road boasts a freehold title and a spacious floor area of 103 sqm. Constructed in the 1960s with wood walls and an iron roof, both in good condition, this residential dwelling sits on a levelled 1712 sqm section. The property has seen a significant Capital Value increase of 61.80% from $445,000 in July 2017 to $720,000 as of September 2021. The latest sales were recorded at $950,000 on March 28, 2022, and $965,000 on August 15, 2024, with HouGarden AVM valuing the property at $725,000.

For families, the property falls within the zone of Hawea Flat School, a contributing school with a decile rating of 10. The quiet cul-de-sac location provides privacy and is close to local amenities, with easy access to outdoor activities and the historical hotel. This property, with its modernised charm and Healthy Homes Compliance Certificate, is an ideal choice for both first-time homeowners and investors.

With its prime location, attractive CV growth history, and excellent school network, this property presents a compelling opportunity for those seeking a first home, holiday retreat, or rental investment.

Updated on September 25, 2024