- Three houses in Queenstown with mountain and lake views sold for $8.1m.
- The properties, owned by a French family, had a combined RV of just over $6m.
- Bayleys agent Sheryl Williams said the 3000sqm site attracted interest from developers and individuals.
Three “rumpty” houses with mountain and lake views in the heart of Queenstown have been snapped up for $8.1 million.
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The neighbouring homes on Thompson Street had a combined RV of just over $6m and were owned by a French family who had collected them over the years but wanted to offload them since relocating to Australia.
Bayleys listing agent Sheryl Williams declined to say who the buyers were but believes they will rent out the properties while they work out what to do with the site.
The properties are on almost 3000sqm of land zoned for high-density residential development, and attracted a lot of eyeballs during the three months they were on the market.
The houses are Healthy Homes-compliant and are tenanted. Photo / Supplied
The properties have views of the lake and mountains. Photo / Supplied
Williams and her colleague Nick Newman received multiple offers from buyers, with those expressing interest including both large and small developers and people who wanted to build a new house on the site.
“Some people were interested in having it as a big home, because the view goes back to Queenstown Bay. It’s quite special,” Williams said.
OneRoof reported in February that the vendors bought the first house in the 1970s. “It was their holiday home. They always came over [to stay] at least once a year,” Williams said.
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The fact that the properties were within walking distance to Queenstown’s main strip was “relatively unheard of” and handy after a night out visiting the vibrant bars and restaurants there.
Williams said this particular part of Queenstown featured a few original houses and a lot of rentals, but was slowly feeling the benefits of gentrification.
She described one of the houses as looking a bit like a manor house in its day, but said the houses were now all a little bit “rumpty”, although all were Healthy Homes-compliant and tenanted.
The vendors had looked at developing the site about 20 years ago, Williams said, but at that time, development was almost impossible because of all the hoops people had to jump through. “Obviously, things have changed,” she said.
While it’s unusual to have three adjoining sites on the market at the same time in Queenstown, Williams said she and Newman had sold another trio of properties on the same road a year or two ago for $4m. She understood those were to be developed, possibly into staff accommodation.
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