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Back 1 Crown St
Off Market

1 Crown St

North East Valley Otago

5
2
2
422 m²
House
Ganesh RoutGanesh Rout, last sold this property on 14 July 2026 after 22 days on market.

Overview

Dual-Income Investment Attractive Yield

Savvy investors will immediately recognise the value on offer at 1 Crown Street. Combining a substantial five-bedroom rental property with a separately leased workshop/storage facility, this is a rare opportunity to secure a diversified investment generating strong cash flow from day one. The residential dwelling is currently rented at $850 per week, while the separate workshop/storage unit returns $250 per week, providing a combined income of $1,100 per week. Looking ahead, market evidence suggests potential rental growth to approximately $1,000 per week for the house and $300 per week for the workshop, creating a projected combined income of approximately $1,300 per week. Based on current market trends, rental growth of around 7–8% per annum appears achievable, providing investors with both immediate income and future upside. Investment Highlights * Five-bedroom investment property * Currently returning $850 per week * Separate workshop/storage tenancy returning $250 per week * Combined current income of $1,100 per week * Forecast combined income of approximately $1,300 per week * Approximately 8% gross yield * Strong student rental location with consistent demand * Additional income stream from workshop/storage facility * Potential rental growth of approximately 7–8% annually * Close to the University, CBD and local amenities Properties offering multiple income streams, strong tenant demand, and an attractive 8% gross yield are increasingly difficult to find. Whether you're a seasoned investor or looking to expand your portfolio, 1 Crown Street presents an outstanding opportunity to secure a high-performing asset with excellent long-term growth potential. Public Download Link: https://www.ganeshrout.co.nz/current-listings/1-crown-street-north-east-valley-dunedin

Features

5 bedrooms
2 bathrooms
2 carspaces
1 carport space
1 garage space
422 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in North East Valley over the last 12 months, the estimated median property value of 1 Crown St is $762.5k.

Median value
$762.5k
Estimated value range
$680k - $1.12m
Median days on market
31
Estimated value trend
34%
increase over the last 12 months
Average days on market is based on recent, comparable sales in North East Valley. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1 Crown St

2026
Sold
Undisclosed
14 Jul 2026 by Ganesh Rout, of The Rout Group
2018
Sold
$441,500
14 Oct 2018 by Debbe Berkett, of LJ Hooker Dunedin

Happy sellers in North East Valley

76%
76% of sellers in North East Valley reported that their sale price either exceeded or met their price expectations.

North East Valley stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 28 reviews in North East Valley over the last 12 months.

Local market activity for 5 bedroom houses in North East Valley

In the last 12 months, 3 five-bedroom houses similar to 1 Crown St, have been sold.

This represents a 300% decrease in five-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in North East Valley

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Ganesh Rout

Sellers who recommend Ganesh Rout have praised them for being clear communication, local expert, responsive, supportive, friendly, reliable and honest

  •   5   (472 reviews)
  •  8 Reviews in North East Valley
  •  7 Sales in North East Valley
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Bridget Smith

Bridget Smith is a recommended agent for North East Valley.  They have 3 local sales and collected 5 local reviews across the last 12 months.

  •   5   (29 reviews)
  •  5 Reviews in North East Valley
  •  3 Sales in North East Valley
View profile
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Andrew Berryman

Sellers who recommend Andrew Berryman have praised them for being clear communication, local expert, friendly, responsive, honest, supportive and trustworthy

  •   5   (255 reviews)
  •  3 Reviews in North East Valley
  •  2 Sales in North East Valley
View profile
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Cherish Thom

Sellers who recommend Cherish Thom have praised them for being clear communication, supportive, responsive, dedicated, friendly, local expert and attentive

  •   5   (52 reviews)
  •  3 Reviews in North East Valley
  •  2 Sales in North East Valley
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