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Back 116/4 Lake Avenue
Off Market

116/4 Lake Avenue

Frankton Otago

1
1
24 m²
Studio
Last sold for $435,000
Keeley AndersonKeeley Anderson, last sold this property on 29 May 2025 after -82 days on market.

Overview

HQ Apartments’ Premier Top-Floor Studios

Experience the ultimate in lakeside living with these exclusive top-floor studio apartments at HQ Apartments. Featuring soaring cathedral ceilings and unrestricted lake views, these units feel more spacious and offer a heightened sense of luxury—without the seven-figure price tag. Originally built as luxury accommodation, these self-contained studio apartments now present a rare opportunity to secure prime Queenstown real estate at a fraction of the median property price. Whether you're stepping onto the Queenstown property ladder or expanding your rental portfolio, this is an opportunity you won’t want to miss. With the last ground-floor studio in the block under contract and the rest sold out, demand for these studios is huge! These highly sought-after top-floor units offer a rare chance to secure a unique property at a price unmatched anywhere else in Queenstown. Nestled above Frankton Beach and reserve, these studio apartments offer a stunning lake and mountain outlook while providing the perfect location for summer swimming and water sports. A short walk takes you to the expanding marina dining precinct, the Hilton Hotel, and Queenstown Airport, with shops and bus routes conveniently nearby. The Remarkables Ski Field is also within easy reach for winter adventures. Renovated in 2011, these modern studios feature full insulation, double glazing, updated electrical and plumbing systems, and contemporary interiors. Designed for comfort and efficiency, each studio is configured to accommodate a Queen bed, built-in wardrobe, and a seating area with space for a two-seater couch or occasion chairs. Sun-soaked decks extend the living space, offering a perfect spot to relax and take in the breathtaking lake views. The well-appointed kitchens include ample storage, a two-burner ceramic hob, a microwave convection oven, and a fridge-freezer, while the stylish ensuite bathrooms and gas Rennai heaters ensure a cost-effective living option. This property boasts a strong rental history and is in high demand, making it an excellent investment for long-term or visitor accommodation (subject to appropriate council consent) or a perfect residence for new owners. With ample off-street parking and a convenient communal laundry, every detail is designed for effortless living. Seize this rare opportunity to enjoy the Queenstown lifestyle at a fraction of the cost. Contact Keeley today to arrange a viewing. Available Units 113 – Enquiry over $435,000 Inc GST 114 – Enquiry over $435,000 Inc GST -** UNDER CONTRACT ** 115 – Enquiry over $435,000 Inc GST – As pictured. ** UNDER CONTRACT ** 116 – Enquiry over $435,000 Inc GST 120 - ** SOLD **

Features

1 bedroom
1 bathroom
24 m² floor area
Studio

Estimated Value

Based on this property and similar 1 bedroom studios sold in Frankton over the last 12 months, the estimated median property value of 116/4 Lake Avenue is $435k.

Median value
$435k
Estimated value range
$435k - $435k
Median days on market
0
Estimated value trend
13%
increase 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 116/4 Lake Avenue

2025
Sold
$435,000
Private Sale (EOI) on 29 May 2025 by Keeley Anderson, of Tall Poppy Real Estate - Otago

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 42 reviews in Frankton over the last 12 months.

Local market activity for 1 bedroom studios in Frankton

In the last 12 months, 5 one-bedroom studios similar to 116/4 Lake Avenue, have been sold.

This represents a 80% increase in one-bedroom studios sales when compared to the previous 12 months.

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 15 local sales and collected 9 local reviews across the last 12 months.

  •   5   (10 reviews)
  •  9 Reviews in Frankton
  •  15 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
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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   (132 reviews)
  •  5 Reviews in Frankton
  •  7 Sales in Frankton
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