Dunedin Property

For sale by Online Auction 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. This dual dwellings boasts a three-bedroom flat to the front and a one-bedroom flat to the rear, on the sunny hillside of North East Valley; a coveted investment location for the quiet, discerning tenants it attracts. The rear one-bedroom flat has had a lot of refurbishment attention and benefits from a modern kitchen and bathroom installation, double glazing throughout and retro-fitted wall insulation, while also being re-wired and of course meets current Healthy Homes compliance. Quieter tenants studying or working have enjoyed this peaceful secluded accommodation and the sunny aspect this flat attracts. The flat is secured under a long-term fixed tenancy until January 2027. The front flat has also benefitted from an upgraded, chic modern kitchen and has been re-wired and meets all Healthy Homes compliance standards. While the flat operates well as is, further enhancements to the interior and bathroom could elevate its rental potential if desired. The tenants are set to move in early January 2026, and the property has not yet been advertised to allow an investor to select their own tenants, or a parent to use for their children attending study in Dunedin. The two flats currently have a combined income of $900 per week, with potential increases possible. This is sound investing for an entry level buyer or parent looking to secure a reliable property in a proven location. The property is open for Buyers to register and submit a bid from now until 6:00 pm, Thursday 6th November 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.