16 Lochburn Avenue, Glenorchy, Queenstown Lakes

Nestled at 16 Lochburn Avenue, Glenorchy, within the scenic Queenstown Lakes, this residential dwelling on a Freehold title presents a captivating investment. The 2-bedroom, 1-bathroom home, built in 2019 with mixed materials and an iron roof, is in a pristine condition. It sits on a levelled 822sqm section with a floor area of 95sqm, and boasts stunning mountain views. The property's Capital Value (CV) has seen a rapid increase of 29.55% from $440,000 in July 2017 to $570,000 as of September 2021. The HouGarden AVM estimates it at $542,500, while the latest sales were at $840,000 in March 2024 and $318,500 in September 2017. This home, with its strategic location near a shared reserve and a short 1-minute walk to the beach, is not only perfect for outdoor enthusiasts but also ideal for families with its access to a top-rated school zone.

History shows a promising trend in the property's value, making it an attractive opportunity for investors. The property is equipped with modern amenities like a heat pump and gas hot water, and its versatile layout allows for multiple uses, from a batch home to potential dual-income options. The well-organized outdoor spaces, including a shed for storage and outdoor entertainment areas, enhance the property's appeal. With a capacity to accommodate up to 6 bedrooms and services ready for further development, this property holds potential for growth and customization.

For families with children, the property falls within a highly sought-after school zone, with Glenorchy's Enviro Primary School offering a nurturing environment for young learners. The village's vibrant community, array of outdoor activities, and proximity to Queenstown and the international airport make this property not just a home, but a lifestyle choice.

Updated on April 17, 2024