Secure a high-performing residential asset that perfectly balances robust financial returns with the "homely" charm that attracts reliable, long-term tenants. Situated on the edge of the University campus, this elevated 6-bedroom, 2-bathroom property offers a serene living environment while remaining firmly within the "student highway" to campus.

Financial Performance & Growth - This property represents a strategic "add-value" opportunity for the savvy investor. Currently returning $1,080 per week on a fixed tenancy, an independent rental appraisal indicates a market value of $1,170 per week. This provides the incoming owner with an obvious pathway to increased yields and a significant rental upside.

Superior Comfort & Full Compliance - Unlike the standard student flat, this home is designed for warmth and longevity. The property is fully Healthy Homes compliant and is set up to ensure a dry, healthy environment:

• The Log Burner: A rare and highly sought-after feature in the Dunedin rental market, providing a cost-effective and cozy heat source.
• Heat Transfer & Ventilation: A dedicated heat transfer system moves warmth from the log burner to the far side of the home, complemented by a modern heat pump and a full ventilation system.

The "Sanctuary" Setting - The property is positioned to offer privacy and tranquillity. The north-facing deck is bathed in sun and overlooks lush, serene bush rather than neighbouring houses. It offers a genuine "sanctuary" feel for students who prioritize a quiet, pleasant study environment over the noise of the central campus core.

Unbeatable Location & Lifestyle - The convenience factor here is a major drawcard for the "quieter" student demographic:

• The Commute: A scenic 15-minute walk to the University of Otago via the Botanical Gardens—a daily thoroughfare for thousands of students.
• Amenities: Only 100m from the North East Valley shopping precinct, providing immediate access to a New World supermarket, pharmacies, and popular local eateries.

Full Due Diligence Pack Available - To streamline your investment decision, a comprehensive information memorandum is available. The building is fully compliant, and the following reports are provided for your due diligence:

• Full Building Report
• LIM (Land Information Memorandum)
• Electrical Report
• Healthy Homes Compliance Certificate

Investment Summary:

• Bedrooms: 6 | Bathrooms: 2
• Current Rent: $1,080/pw
• Appraised Rent: $1,170/pw
• Key Features: Log burner, Heat Transfer System, North-facing bush views, 15-min walk to University.

This is a premium choice for investors looking for a warm, well-maintained property in a suburb currently seeing increased demand due to rising tertiary enrolment numbers.

Send an online enquiry to receive a full Matt Morton & Co Information Memorandum and additional property documentation.

Please contact me for a further discussion or to arrange a viewing appointment once the information has been reviewed.