42/159 Gorge Road, Queenstown, Queenstown Lakes

Nestled at 42/159 Gorge Road in the heart of Queenstown, this residential unit boasts a prime location, close to the industrial area and a short stroll from the vibrant CBD. The 2002-built property features 2 bedrooms, 1 bathroom, a single car park, and a floor area of 60 square meters. With a concrete exterior and an iron roof in good condition, this unit is designed for comfort and convenience. The Unit Title ownership adds to the appeal, ensuring a secure investment. The property is equipped with not just one, but three heat pumps, promising year-round coziness. The latest HouGarden AVM estimates the property at $505,000, while the capital value has seen a remarkable increase of 18.6% from $430,000 in July 2017 to $510,000 as of September 2021. The property's sale history includes a sale in 2017 for $250,000 and an earlier one in 2002 for $219,375, highlighting a consistent growth trend.

For families with children, the property falls within the highly sought-after school zones of Queenstown Primary School and St Joseph's School, both rated a 10 on the decile scale. This ensures access to top-notch education facilities. Whether you seek a primary residence, staff accommodation, a short-term rental, or a lock-and-leave option, this property presents an array of possibilities. Its proximity to public transportation, supermarkets, and the allure of Queenstown's town center, just a 20-minute walk away, makes it an irresistible opportunity. Additionally, the convenience of being only 18 minutes from Coronet Peak ski field adds to the property's allure.

With the vendors upgrading, this property is set to be sold at auction. It's a chance not to be missed for those with city dreams.

Updated on November 14, 2024