Strategically located in the heart of North East Valley, this robust six-bedroom property offers the perfect blend of consistent returns and future capital growth. Positioned on North Road, it sits in the "sweet spot" for discerning third-year students and postgraduates who prioritize a quieter study environment while remaining just a 20-25 minute walk from the University of Otago.
The Property
- Spacious Accommodation: Five generous bedrooms inside the main dwelling, complemented by a separate sleepout featuring its own full en-suite—a highly sought-after feature for premium tenants.
- Sun-Drenched Living: The open-plan kitchen and living area flows seamlessly onto a north-facing covered deck, perfect for year-round use and capturing maximum Dunedin sun.
- Warm & Dry: Equipped with a full ventilation system, heat pump (living room), and heating panels in bedrooms ensures a healthy environment that exceeds tenant expectations.
- Convenience: Ample off-street parking for several vehicles, a rare and valuable commodity in the Valley.
Investment Highlights
- Current Income: Returning $875 per week on a fixed-term tenancy ending 3 January 2027.
- Growth Potential: Significant "upside" on rental yields for the 2027 academic year, bringing the property in line with current market peaks (rental appraising pending).
- Fully Compliant: Healthy Homes certified. The vendor has been proactive, addressing minor items from recent reports to ensure a turnkey transition for the new owner.
- Clean Slate: The LIM confirms that all 2013 structural alterations are fully consented, providing peace of mind for your bank and your insurer.
Due Diligence Made Easy - we have a comprehensive property pack ready for immediate review, including:
- Full Building & Electrical Reports
- LIM Report
- Healthy Homes Report
This is a low-maintenance, high-demand asset in one of Dunedin’s most reliable rental suburbs. Properties with this level of compliance and layout efficiency are moving fast.
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.
