135 Cargill Street

Dunedin Central Otago

210 m²

325 m²

House

Currently for sale - view listing

Overview

PROVEN PERFORMER

When we last sold this property back in 2020, we mentioned how it had gained notoriety with rent going from $875 per week in 2019 to $980 per week for 2021 and that one should expect that upward trend to continue... Well now it's 2026 and that prediction has come true in a big way, with the rent at $1400 per week until end of the year (51-week lease) and signed at $1470 per week for 2027 (51-week lease) That's a remarkable uplift in just a few years, cementing this property as a blue-chip investment with reliable income growth. Positioned in a sought-after central city location, this spacious 7-bedroom flat consistently attracts excellent tenants - predominantly groups of responsible 3rd and 4th-year female students who keep the home well-presented. The layout is as follows: Ground floor: Large living area with heat pump & wood burner, kitchen, laundry, 1 bedroom Middle floor: 3 bedrooms, 1 bathroom Top floor: 3 bedrooms, 1 bathroom Car parking is an added bonus, especially in such a central location. This property has already proven its strength as a high-yielding, low-risk investment in a very desirable inner-city location. We expect the consistent rental growth of the last 5 years to continue. Link to 3D Tour below: https://my.matterport.com/show/?m=ki1jvSDZYfT