Heart of Campus – Homely Student Flat
The Online Auction is under way and digital bidding starts immediately and concludes at the Final Bidding Stage. It is recommended to register a starting bid early to avoid disappointment. Bids conditional on pre-approved finance are permitted subject to seller approval.
In one of the most enviable locations on campus, this well-maintained four-bedroom student flat is a sterling opportunity for investors and parents alike, seeking a premium yet homely property for their children during their university years.
Situated between the famous Otago Medical and Dental Schools and the central University campus, it a coveted spot for discerning students. With a reputation for being a tenant's haven, it's no wonder students are reluctant to leave, often remaining in this flat for multiple years.
Benefitting from a comprehensive renovation in 1999, the property saw the addition of a new storey, with extra bedrooms and a convenient second toilet. The extension integrated the previously separate washhouse into the main structure, now a spacious bathroom and laundry area, all while adding wall and ceiling insulation for a warmer, more inviting environment.
The north-facing courtyard, a sun-drenched nook surrounded by lush ferns and greenery, provides a tranquil space without the burden of lawn care. Meanwhile, the conservatory-style living room basks in sunlight, radiating a cosy, home-like atmosphere that's just a brief walk from university life.
Currently let at $880 per week for 2025, the house remains intentionally unoccupied for 2026, offering investors the freedom to establish their own rental rates or for parents to reserve for their offspring.
Proudly presented in an area known for its safety and convenience, this property is the epitome of what parents' desire for their children's accommodation. This flat is a statement of care and a wise investment, promising to be an unmissable prospect in the bustling student quarter of North Dunedin.
The property is open for Buyers to register and submit a bid from now until 6:00 pm, Thursday 31 July 2025 when the Final Bidding Stage will commence (unless brought forward by the Vendor). All reports are provided for reference to the building, LIM, electrical and Healthy Homes Standards. Contact the sales agent early to become qualified.
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.