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Back 15 London Street
Off Market

15 London Street

Dunedin Central Otago

11
4
1
370 m²
1012 m²
House
Matt MortonMatt Morton, last sold this property on 03 June 2025 after 76 days on market.

Overview

Investment Location at its finest

Just metres from the main bustling shopping precinct, 15 London Street is a substantial period property boasting 11 bedrooms and five bathrooms across multiple dwellings. With additional land available for future development, this property presents a sterling investment opportunity. The property is a magnet for student tenants given its extreme proximity to the main shopping precinct on George Street merely metres away. Adding to its allure, the University of Otago's esteemed Medical and Dental Schools are just one block away, and the main campus just a short stroll thereafter, promising a steady flow of potential renters. The property generates a total income of $2,250 per week from fixed Tenancy Agreements running until the end of 2025. There's also a projected additional income of $50 per week for the garage space, which is yet to be leased. With a total projected return of 8% against the asking price, savvy investors will note the attractive returns on offer. The weatherboard exterior has been meticulously maintained and painted in recent years, ensuring the property retains its classic appeal. As a hot student property in high demand - evidenced by the fact that it was signed up in July 2024 - this investment is primed to yield dividends. Furthermore, the sizable land offers scope for future development, with the potential to expand up to 22 bedrooms, subject to Council consents. Investors, take note: this is an opportunity to acquire a piece of Dunedin’s vibrant history with a robust income stream and exciting potential for growth. 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.

Features

11 bedrooms
4 bathrooms
1 carspace
1 garage space
370 m² floor area
1012 m² lot size
House

Estimated Value

We need at least 3 similar 11 bedroom houses sold in Dunedin Central over the last 12 months.

Property history for 15 London Street

2025
Sold
Undisclosed
03 Jun 2025 by Matt Morton, of Matt Morton & Co (MATT MORTON & CO LIMITED)

Happy sellers in Dunedin Central

61%
61% of sellers in Dunedin Central reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 43 reviews in Dunedin Central over the last 12 months.

Local market activity for 11 bedroom houses in Dunedin Central

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