Opportunities of this calibre are exceptionally rare. Renovated to an exceptional standard with quality and longevity at the forefront, this impressive investment property delivers immediate returns with complete peace of mind.
Already Healthy Homes compliant and fully tenanted through 2027, the property returns an impressive $1,320 per week, equating to $68,640 gross per annum. With a secure income stream already in place, this is a genuine turnkey investment in one of Dunedin's most sought-after rental locations. Adding further appeal, the current tenants have already expressed interest in renewing for the 2028 tenancy, highlighting the exceptional standard of accommodation and strong tenant satisfaction.
Behind its timeless character façade, the home has been comprehensively transformed to offer modern, low-maintenance living. The main residence features five generous bedrooms and two beautifully appointed bathrooms, while a separate sleepout provides valuable additional accommodation, creating an outstanding six-bedroom investment opportunity.
The heart of the home is a spacious open-plan kitchen, dining and living area that flows effortlessly to a sun-soaked deck and private backyard. The generous outdoor setting offers tenants plenty of space to relax, entertain and enjoy, while the standalone sleepout provides additional flexibility and privacy.
Finished to an exceptional standard throughout, the property boasts modern heating, quality insulation, stylish contemporary finishes and durable materials, ensuring year-round comfort for tenants and minimal maintenance for investors.
Investment Highlights
** Five-bedroom main house
** Two modern bathrooms
** Separate sleepout providing a sixth bedroom
** Returning $1,320 per week
** $68,640 gross annual income
** Fully tenanted through 2027
** Current tenants have expressed interest in renewing for 2028
** Healthy Homes compliant
** Comprehensive, high-quality renovation throughout
** Spacious indoor-outdoor living with a private backyard and entertaining deck
** Low-maintenance investment with exceptional tenant appeal
This is far more than just another rental property. It is a premium investment where the quality of the renovation is truly second to none, the income is secured, and the hard work has already been done. With proven returns, excellent tenants already in place, and strong indications of continued occupancy, this is an exceptional opportunity to secure a high-performing investment from day one.
*** Prior Offers Considered ***
Public Download Link: https://www.ganeshrout.co.nz/current-listings/189-north-road-north-east-valley-dunedin
