Nestled in the established Dunedin suburb of Caversham, this charming and sunny two-storey villa offers genuine potential for the right buyer. This spacious four-bedroom home presents an appealing blend of period character, practicality and scope for enhancement.



For buyers looking to create a cherished home for their own family, this dwelling offers a blank canvas and flexibility for a growing household, extended family or home office. For investors aiming to hold and improve over time, there is work to be done but with targeted, strategic renovation you will find upside here. The house has an established rental history and is currently returning a steady income of $520 per week on a periodic tenancy.



Iron fretwork on the villa's façade establishes the home’s Victorian past while the generous floor-plan and high ceilings create an inspiring sense of space seldom found in new-build homes. The functional layout provides comfortable family-scale accommodation across two levels with four well-proportioned bedrooms, a bathroom and a shower-room. Two heat-pumps, one on each level, provide cost-effective comfort all year round.



One of the property’s standout features is the large, north-facing backyard with supersized lawn. There is plenty of room for children to play and a low deck creates a perfect place for grown-ups to enjoy lazy summer afternoons. Established fruit trees provide seasonal produce and raised garden beds offer ready-made space for growing your own vegetables. For those who value self-sufficiency and family life, this lush oasis is a genuine asset.



Caversham itself is a popular residential suburb with convenient access to amenities, schools, parks, and public transport links into the central city. The location is attractive to both owner-occupiers and investors seeking reliable tenancy demand. Dunedin remains one of New Zealand’s better-yielding main centres for investors with rents in the city increasing by 4.3% in the past year (to June 2026, source: Infometrics).



Whether you are an investor, a builder looking for a project or an owner-occupier, this house is a practical entry into Dunedin’s property market. Viewings are recommended to fully appreciate the scale and scope of this offering.