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607 Castle Street, North Dunedin, Dunedin City

Tenanted Investment with Long-Term Upside

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Enquiries Over $529,000

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House
Bedroom
3
Bathroom
1
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Property details

Listing # RX4789905 | Listed on 20 November

Situated on one of the most sought-after streets for students, this property presents an excellent entry-level opportunity for the astute investor. Currently tenanted until 31 December 2025 at $600 per week, with a further tenancy secured for 2026 at $615 per week, this is a reliable, low-vacancy performer.



The home offers three spacious bedrooms serviced by a central bathroom, along with a living area adjoining the kitchen, which opens out to the courtyard and back lawn. A separate laundry and toilet at the rear provide added practicality and potential for repurposing.



Situated on a 263m2 site and zoned Inner-City Residential, the property also offers future development potential, with capacity for up to five bedrooms—subject to Council approval.

The interior remains largely original, giving buyers plenty of scope to enhance and add value over time. Owned by our vendor for the past 46 years, the property has a proven track record of leasing quickly and consistently. Get in touch today for the full information memorandum.

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Additional features

Water closet
1 Separate toilet

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