20 Greenstone Place, Fernhill, Queenstown Lakes

Unique lake view home and income opportunity

This 239sqm (more or less) property offers the best of both worlds - a comfortable two-bedroom home paired with a fully self-contained two-bedroom unit, all set against captivating lake and mountain vistas.

The main home occupies the upper level, where a spacious living area with soaring vaulted ceilings creates a bright, airy hub. Ranch sliders open to an expansive balcony, framing panoramic views of The Remarkables and Lake Wakatipu. The living space flows seamlessly into a modern kitchen, positioned to capture a completely different outlook across the water towards Cecil and Walter Peaks. Two well-proportioned bedrooms are complemented by a beautifully finished, fully tiled bathroom featuring a bath, double vanity, and under-tile heating. A separate guest toilet and a practical laundry, opening directly to the rear deck, add everyday convenience.

On the lower level, the self-contained two-bedroom flat enjoys its own living space, bathroom, and lake views. With separate access, off-street parking, and full independence, it's ideal for extended family, guests, or as a reliable rental income stream.

Outdoor living is superbly catered for with a sheltered timber deck and built-in BBQ area - the perfect spot to entertain while soaking in the ever-changing lake and mountain scenery.

Constructed with a concrete block ground floor and timber-clad upper level, the home also includes a single garage. Double glazing and heat pumps in both dwellings ensure year-round comfort, while the sunny east-facing aspect welcomes spectacular sunrises.

Currently, the main home is rented at $800 per week and the flat at $600 per week. This dual-income setup makes the property a fantastic investment with strong returns, or an ideal first home where additional income from the flat helps support repayments. The property will be sold partially furnished with inclusions from both the upstairs and the bottom unit.

Explore the 3D Matterport walkthrough online to fully appreciate the clever floorplan and the views from every window and deck.