A Character home with income
This beautifully maintained property blends timeless charm with modern convenience.
The current owners have introduced a fresh, contemporary feel throughout, while carefully preserving the home’s character. A clever conversion has transformed an existing space into a separate self-contained unit - perfect for generating supplementary income or offering private accommodation for guests and extended family.
The main residence boasts a remodelled kitchen that flows seamlessly with polished wooden floors and spacious living areas spread across both levels. Multiple balconies and decks invite you to follow the sun and savour the outlook from dawn to dusk. Recent interior/ exterior updates, including a full roof treatment and property repaint, means the major work is already complete.
Comprising three bedrooms, two bathrooms, and excellent storage - including a garage, loft space, and built-in cupboards - the home is both practical and inviting. Upstairs, a versatile additional living area provides the ideal home office, media room, or private retreat.
Comfort is assured year-round with double glazing, multiple heat pumps, under-tile bathroom heating, and a large woodburner for cosy winter warmth.
The income potential truly shines in the modern, self-contained studio flat. With its own kitchen, heat pump, expansive deck, and private stairway entrance, it offers excellent rental opportunities or independent living for extended family.
Executive Summary
Address: 246B Fernhill Road, Fernhill/Sunshine Bay, Queenstown
Rates:
QLDC: $6,643.34 per annum
ORC: $427.09 per annum
CV: $1,130,000
Floor Area: 167sqm
Built: 1993
Exterior: Concrete block, weatherboard
Floor Coverings: Tongue & groove, carpet, tiling
Windows: Aluminium joinery, double glazed
Hot Water: Electric
Heating: Woodburner, 3x heat pumps and under-tile in the bathrooms
Insulation: Ceiling, walls
General Features: Sunny
Aspect: South, east
Laundry: Part of room
View: Mountain, lake, town
Parking: 1x single garage, 1x off-street parking
The following information is also available for this property – contact us for your copy.
Rental Appraisal
th
Date: Monday 18 August 2025
Property: 246B Fernhill Road, Queenstown 9300
To whom it may concern
Queenstown investment property is our specialty At Pure Property, we focus purely on managing properties to maximise rental income and minimise owner input.
As a small team dedicated to property management and with decades of combined industry experience, Pure Property provides a personalised service allowing us to tailor management options to suit your needs.
Pure Property will take care of every aspect of managing your property. Our services include but are not limited to:
High-exposure marketing to minimise vacant time
In-depth tenant selection to protect your investment
Full and detailed financial reporting
Regular rental reviews and careful arrears control
Skilled maintenance contractors available 24/7
Regular scheduled inspections with photographic reporting
Use of market-leading property management systems and technology
On-call property managers 24/7
Pro-active communication
3 - bedroom,2-bathroomhomewith1-bedroom,1-bathroom studio
1 x Single garage and 3 x Off-street carparks in
Featuring woodburner, bathrooms.
Rental Returns Property Description
three heat pumps and under-tile
Sought after location within close proximity to Queenstown CBD and lakefront.
We believe that a weekly rental of the property is estimated to be
3 bedroom home $1000 - $1100
1 bedroom studio - $500 - $525
This appraisal is based on the current market conditions, comparable Pure Property rental properties and advertised properties.
Market and seasonal conditions at the time of letting, along with the number of tenants, un/furnished and the length of the tenancy will also influence the actual rent that can be achieved
Pleasenote:Whilst careful market research has been undertaken to provide realistic appraisal information, Pure Property accepts no liability for the accuracy and extensiveness of the appraisal information provided Please do not use the appraisal information for financial purposes
Should you have any queries or require further information in relation to our services, please do not hesitate to contact me on the details attached
Kind regards,
Chloe Holliday
Business Manager
P 03 409 0480
M 027 371 5666
Colliers Otago’s residential sales team provide leading property sales and marketing services with an established track record and unrivalled teamwork.
We think global and act local, with strong regional knowledge and connections across all property sectors. Our residential team is focused on adding value to our clients’ investment decisions. We are market leaders in research, allowing a unique, knowledge- based approach to buying and selling. As the largest multi-service real estate professionals in Otago and Southland, we have specialists working in residential property, commercial sales and leasing, tourism brokerage, valuation and advisory With offices in Queenstown, Wanaka, Cromwell and Dunedin, we can cater for your specific real estate requirements - strengthened by our national & international Colliers network