102 Thompson Street

Queenstown Otago

160 m²

627 m²

Other

Currently for sale - view listing

Overview

High Density Walk To Town

High density residential land in a proven close to town location, offering long term upside with a home and income already in place. This part of Queenstown is becoming increasingly sought after by investors and developers, driven by zoning, build potential, and proximity to the CBD. Development activity in the area is starting to reflect that shift, making this a location with clear momentum. The site sits within an area covered by the Urban Intensification Plan, with high density residential provisions adopted by Council and progressing through the final submissions process prior to becoming formally operative. This provides confidence around the planning direction while reinforcing the longer term development potential of the land. Just as importantly, the property works well right now. The existing standalone home and income provides immediate rental return and flexibility, allowing you to live in, rent out, or hold comfortably while planning ahead. This balance between present day usability and future potential is what sets it apart. From a lifestyle point of view, it offers something many don’t expect this close to town. It’s an easy walk to the start of Queenstown’s CBD, yet once you’re home it feels calm and settled, with a sense of space and privacy. Birdsong and a relaxed atmosphere create a contrast that’s increasingly hard to find so close to the centre. Bike and hiking tracks are right on the doorstep, with easy ride in ride out access to the Skyline network, making day to day living simple without relying on the car. The main home offers five bedrooms and two bathrooms, well maintained and comfortable, with scope to update over time. Downstairs, a separate two bedroom unit completed in 2021 provides modern, low maintenance accommodation with its own access and strong rental appeal. The strength here is the combination of high density zoning, Urban Intensification Plan direction, immediate income, a peaceful setting, and a location that continues to gain appeal. A full information pack is available, including the LIM report, building inspection, and video walkthrough.