151 Queen Street

North Dunedin Otago

160 m²

501 m²

House

Currently for sale - view listing

Overview

Demonstrated Income Growth with Future Upside

We've proudly managed this property for the past three years, and the income growth tells a compelling story. In 2024, it was rented at $800 per week. Fast forward to 2026, and it is returning $975 per week through to the end of the year. That's a significant uplift in a short timeframe, reinforcing this property's position as a proven, high-performing investment in the tightly held North Dunedin area. Recent upgrades have been completed to the lower-level bedrooms and bathroom, including freshly painted walls, the installation of a new heat pump, and new carpet throughout the home. There is still potential for further improvements to the upstairs bedrooms, along with modern upgrades to the kitchen and bathroom, which would significantly enhance both rental appeal and overall property value. With a strong rental track record, established tenant demand, and reliable income growth, this represents a high-yielding investment opportunity in a premium location. Key features: - New carpet installed throughout the home in 2025 - HRV system installed - Upgrades to the bathroom and two downstairs bedrooms, plus a new heat pump - Wood burner and heat pump upstairs

Features

5 bedrooms

2 bathrooms

160 m² floor area

501 m² lot size

House

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 5 bedroom houses in North Dunedin

In the last 12 months, 2 five-bedroom houses similar to 151 Queen Street, have been sold.

This represents a 60% increase in five-bedroom houses sales when compared to the previous 12 months.

Sold

For Sale

For Rent

View the listing for inspection times, agent contact details, and more.

at Cutlers