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Back 129C Forth Street
Off Market

129C Forth Street

North Dunedin Otago

7
7
289 m²
House
Graeme PennellGraeme Pennell, last sold this property on 26 August 2020 after 85 days on market.

Overview

Top Student Investment

What a great investment this is. The high standard of accommodation in each of the seven bedrooms of this property is underscored by the rents and rental history. A near 100% occupancy rate and weekly room rentals of $305 to $335 per week add up to a near $120,000 gross annual income and a net income of around $93,000 per year. Modern, spacious and with great views over Logan Park, the rooms each have extensive chattels and are warm and comfortable. Some tenants have been here several years. Of concrete construction, the building is in excellent condition and has been expertly managed for the current owners. As close to a hassle-free investment as you are likely to see. Rating value $1.6 million.

Features

7 bedrooms
7 bathrooms
289 m² floor area
House

Estimated Value

We need at least 3 similar 7 bedroom houses sold in North Dunedin over the last 12 months.

Property history for 129C Forth Street

2020
Sold
Undisclosed
26 Aug 2020 by Graeme Pennell, of Nidd Realty Dunedin

Happy sellers in North Dunedin

89%
89% of sellers in North Dunedin reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 9 reviews in North Dunedin over the last 12 months.

Local market activity for 7 bedroom houses in North Dunedin

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