59 Riverside Road, Frankton, Queenstown Lakes

Nestled in the prestigious old Frankton neighborhood, this captivating 5-bedroom, 2-carpark residence is set on a freehold title of 678 sqm. Constructed in 1995 with roughcast walls and an iron roof, both in good condition, the property enjoys a level contour and a floor area of 240 sqm. The capital value has seen a rapid increase of 19.12% from $1,360,000 in July 2017 to $1,620,000 as of September 2021. The HouGarden AVM estimates the property at $1,607,500, while the latest sales were recorded at $780,000 in 2015 and $300,000 in 2001.

With a CV growth rate that outpaces the market average, this home is not just a residence but a sound investment. It is enhanced by double glazing, a log burner, and heating systems, ensuring comfort throughout the year. The property is within the catchment area of St Joseph's School and Remarkables Primary School, both decile 10, making it an ideal choice for families with children.

Whether you seek a peaceful family life, a strong investment, or access to top-rated schools, this property on Riverside Road offers it all. Set in a quiet cul-de-sac, it provides privacy, tranquility, and the convenience of being close to nature, schools, and local amenities.

Updated on November 25, 2024