96 Spence Road, Lower Shotover, Queenstown Lakes

Nestled in the serene landscape of Lower Shotover, Queenstown Lakes, the property at 96 Spence Road is a testament to classic charm and modern convenience. This residential dwelling boasts 4 bedrooms, a spacious floor area of 195 square meters, and sits on a generous land area of 4826 square meters. The freehold property features a wood construction with an iron roof, both in good condition, dating back to 1910. The level contour of the property adds to its appeal, making it a perfect blend of historical elegance and contemporary living.

The financial trajectory of this property has been impressive, with a capital value increase of approximately 55.70% from $1,490,000 in July 2017 to $2,320,000 in September 2021. The HouGarden AVM estimates its value at $2,285,000, underscoring its desirability. The latest sale on October 20, 2023, saw the property fetching $3,020,000, a testament to its growing appeal in the real estate market.

Education is a cornerstone of the property's value, located within the zones of top-rated schools. St Joseph's School (Queenstown) and Shotover Primary School, both full primary institutions, boast a decile rating of 10, indicating high educational standards. This property not only offers a tranquil living environment but also access to quality education, making it an ideal choice for families.