Lot 104 Park Ridge, Queenstown
Dual-Income Home & Income Investment in Jacks Point, Queenstown
Located within Park Ridge at Jacks Point, this brand-new 3+2 home and income offers two separate living areas and two rental income streams within one property, in one of New Zealand’s most recognised residential and lifestyle destinations.
Built by Inspire Homes, the property combines a three-bedroom main home with a fully self-contained two-bedroom unit. The configuration broadens tenant appeal across families, professionals and retirees, while providing investors with the benefit of diversified rental income from a single property.
With a purchase price of $1,599,000, guaranteed rental income of $1,845 per week and an advertised 6.00% gross yield, the property is supported by a 24-month rental guarantee.
The home provides a substantial 178m² total floor area on 562m² of land, with five bedrooms across the two dwellings, three bathrooms and garaging.
Property Details
Price: $1,599,000
Guaranteed Rental Income: $1,845 per week
Gross Yield: 6.00%
Rental Guarantee: 24 months
Property Type: Dual-income home and income
Configuration: 3-bedroom main home + 2-bedroom self-contained unit
Bedrooms: 5 (3+2)
Bathrooms: 3
Garage: 1
Floor Area: 178m²
Land Area: 562m²
Builder: Inspire Homes
Location: Lot 104, Park Ridge, Jacks Point, Queenstown
Two Income Streams
The purpose-designed 3+2 configuration provides a three-bedroom main residence alongside a fully self-contained two-bedroom unit, creating two distinct rental opportunities within the one property.
The rental appraisal estimates $850–$1,250 per week for the main home and $750–$900 per week for the minor unit, with a combined appraised range of $1,600–$2,150 per week. The package includes guaranteed rent of $1,845 per week for 24 months.
Strong Tenant Appeal
Designed for long-term residential rental, the property features open-plan living, double glazing, heat pumps and ample storage. The combination of a three-bedroom home and separate two-bedroom unit provides flexibility across different tenant groups, including families, professionals and retirees.
Park Ridge covenants also preclude short-term visitor accommodation, helping maintain the neighbourhood's focus on long-term residential tenancies.
The Jacks Point Advantage
Park Ridge places the property within easy reach of the wider Jacks Point and Queenstown lifestyle. Hanley’s Farm village and primary school are approximately three minutes away, Jacks Point village and golf course around five minutes, Remarkables Park approximately 10 minutes, Queenstown Airport around 15 minutes and central Queenstown approximately 20 minutes away.
With Lake Wakatipu, walking and cycling trails, golf, skiing, shopping, schooling and Queenstown's major employment and recreational areas all accessible from the property, the location combines everyday practicality with the lifestyle appeal for which the wider Queenstown market is known.
Why This Investment Stands Out
The combination of two rental income streams, $1,845 per week guaranteed rent, a 6.00% advertised gross yield, substantial 562m² section and Jacks Point location makes Lot 104 a distinctive addition to the KEY2Invest portfolio.
The property is currently off-plan and to be built. Plans and specifications within the property pack are indicative and subject to change, with final plans to be confirmed through the building consent process.
Talk to KEY2Invest for the full investment pack, rental information, plans and specifications for Lot 104 Park Ridge.