Back 22 Russell St
Off Market

22 Russell St

Dunedin Central Otago

5
2
180 m²
195 m²
House
Nick BeardNick Beard, last sold this property on 10 March 2025 after 110 days on market.

Overview

Two for one on Russell

** Photos were taken in 2023** If you've been searching for a cash cow close to the city centre, look no further than this two for one on Russell Street. Its current set up includes a four bedroom property at the front returning $700 per week from the 22nd of January 2025 through to the 21st of January 2026. It has been carefully renovated by my vendor including updates to the kitchen, bathroom, flooring, carpet, and paint throughout. The one bedroom provides an opportunity to add value and by doing so increasing the weekly rent roll. My vendor has recently re floored the kitchen and living area, including new carpets. It is currently leased on a fixed term tenancy until the 16th of October 2025 at $320 per week, giving you security of income. Centrally located, properties such as this are few and far between in the current market - With a total of $1020 per week in rent from January 22nd 2024 onwards, and the ability to increase through cosmetic enhancements to the back, this property provides an exciting opportunity for the new purchaser. Proudly marketed by Nick Beard from Cutlers Real Estate.

Features

5 bedrooms
2 bathrooms
180 m² floor area
195 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Dunedin Central over the last 12 months, the estimated median property value of 22 Russell St is $705k.

Median value
$705k
Estimated value range
$449k - $8.63m
Median days on market
69
Estimated value trend
13%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Dunedin Central. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 22 Russell St

2025
Sold
Undisclosed
10 Mar 2025 by Nick Beard, of Cutlers
2023
Rented
Undisclosed
Leased on 26 Oct 2023 by Cutlers
2019
Sold
Undisclosed
Private Sale/Treaty on 09 Jun 2019 by Steven Field, of Bayleys Dunedin

Happy sellers in Dunedin Central

65%
65% 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 42 reviews in Dunedin Central over the last 12 months.

Local market activity for 5 bedroom houses in Dunedin Central

In the last 12 months, 9 five-bedroom houses similar to 22 Russell St, have been sold.

This represents a 350% decrease in five-bedroom houses sales when compared to the previous 12 months.

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