Dunedin Property

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.