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47 Russell Street, Dunedin Central, Dunedin City

Great return - Sharp new price

dollar

$489,000

House
House
Bedroom
2
Bathroom
1
Floor area
90m2
Land area
364m2
Title type
Freehold
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Property details

Listing # 4603433 | Listed on 11 September 2025

This renovated two-bedroom cottage offers an excellent investment opportunity, currently returning $625 per week with a strong 6.5% (circa) investment yield, currently supported by a reliable single tenant.

Upgraded throughout, including a modern kitchen with premium appliances, updated wiring and internal plumbing, underfloor heating (with 3 separate zones), a centrally located heat pump ensuring Healthy Homes compliance. The property is sold furnished, allowing for immediate income with no additional setup required and ease of enjoyment for tenants. 

Set in a quiet, secure location, positioned down its own driveway and off the road, still in close proximity to schools, university and the city centre. This is a charming and high-performing investment in a tightly held location that has consistently proven itself very popular with tenants. 

Future development potential with elevated expansive ocean views, sunrises and native birds' minutes from Jubilee Park with walking and mountain bike tracks, sports grounds and our local Tom Boy community art centre. The back yard is secure and offers mature trees, lawn and private spaces to sit. The organic store and local cafes are mere minutes down the road in the Exchange precinct area or pop up the hill to Roslyn village, cafes and amenities. 

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Additional features

Style: Bungalow
Roofing: Profiled Metal
Exterior Cladding: Roughcast
External Features: Balcony, Garden , Water Heating - Electric, Water Heating - Gas
Lot Features: Level, Sloping, Mixed Land Contour

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