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Back 104A/16 Mountain Ash Drive
Off Market

104A/16 Mountain Ash Drive

Frankton Otago

2
2
2
85 m²
Apartment
Esteban SanguinetiEsteban Sanguineti, last sold this property on 09 September 2025 after 85 days on market.

Overview

Become Homeowner AND Landlord on the Same Day!

A rare opportunity to secure a high-yield investment or flexible home-plus-income setup in the sought-after Mountain Ash complex, right in the heart of Frankton. Unit 104/16 Mountain Ash Drive is a spacious Dual Key apartment (approx. 85m² including balconies), comprising two fully self-contained and furnished units: - A studio currently rented at $500 per week (fixed tenancy until 29 September, with tenants wanting to extend) - A one-bedroom unit currently rented at $600 per week (periodic tenancy, allowing flexibility for vacant possession) Layout & Features: - Common foyer with private entrances to each unit - Full kitchens with oven, cooktop, dishwasher, and plenty of storage - Laundry connections in both bathrooms - Private balconies off each unit - Both units come fully furnished - Two car parks included (within the CCTV-monitored complex) - North-facing with all-day sun and panoramic views of Coronet Peak, Crown Range and Cecil Peak - Positioned on the first floor with complete privacy Financials: - Total Rental Income: $1,100 per week - Capital Value: $850,000 - Asking Price: $850,000 Motivated vendor wants to make a move after owning the property since settlement in December 2020. This is a rare chance to become a homeowner and a landlord on the same day. Ideal for first-home buyers wanting additional income or savvy investors seeking strong returns in a growing Queenstown location. Important Note: The current photos do not reflect the true quality of this property. It must be viewed in person to be fully appreciated. As a former building manager for the complex and senior property manager with extensive experience in Queenstown Body Corps, Esteban can offer investors in-depth knowledge and guidance. Our Queenstown team is well placed to answer any questions you may have about returns, demand, or rental options. Contact Us Today: Esteban Sanguineti (Queenstown-based): 021 207 8959 Cory McVicar (Queenstown-based): 021 455 345

Features

2 bedrooms
2 bathrooms
2 carspaces
2 carport spaces
85 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Frankton over the last 12 months, the estimated median property value of 104A/16 Mountain Ash Drive is $765k.

Median value
$765k
Estimated value range
$730k - $835k
Median days on market
43
Estimated value trend
-3%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Frankton. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 104A/16 Mountain Ash Drive

2025
Sold
Undisclosed
09 Sep 2025 by Esteban Sanguineti, of RE/MAX Revolution

Happy sellers in Frankton

94%
94% of sellers in Frankton reported that their sale price either exceeded or met their price expectations.

Frankton stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 43 reviews in Frankton over the last 12 months.

Local market activity for 2 bedroom apartments in Frankton

In the last 12 months, 6 two-bedroom apartments similar to 104A/16 Mountain Ash Drive, have been sold.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Frankton

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Esteban Sanguineti

Esteban Sanguineti is a recommended agent for Frankton.  They have 13 local sales and collected 10 local reviews across the last 12 months.

  •   5   (11 reviews)
  •  10 Reviews in Frankton
  •  13 Sales in Frankton
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Mel Carter

Mel Carter is a recommended agent for Frankton.  They have 9 local sales and collected 6 local reviews across the last 12 months.

  •   5   (9 reviews)
  •  6 Reviews in Frankton
  •  9 Sales in Frankton
View profile
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Kate Law

Sellers who recommend Kate Law have praised them for being clear communication, local expert, responsive, dedicated, friendly, supportive and well-prepared

  •   5   (46 reviews)
  •  6 Reviews in Frankton
  •  5 Sales in Frankton
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Megan Osborne

Sellers who recommend Megan Osborne have praised them for being local expert, clear communication, supportive, responsive, reliable, honest and dedicated

  •   5   (134 reviews)
  •  5 Reviews in Frankton
  •  7 Sales in Frankton
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