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Back 267 Macandrew Road
Off Market

267 Macandrew Road

Forbury Otago

3
1
120 m²
491 m²
House
Rachel JonesRachel Jones, last sold this property on 22 May 2025 after 21 days on market.

Overview

Solid and secure investment opportunity

This charming 1920's three-bedroom brick bungalow is ideally located in the desirable suburb of Forbury. Constructed with solid materials, this investment property features a dependable tenant in place under a fixed-term lease until February 2026, yielding a rental income of $600 per week. Recent upgrades to meet healthy home standards have been completed, making this property an excellent addition to your portfolio. It not only offers the potential for future capital appreciation, but also presents opportunities for further enhancement. This versatile property allows tenants to customize the space as they see fit, featuring a traditional layout with spacious living areas. Currently configured with three bedrooms (two doubles and one single), it can easily be transformed into four bedrooms (three doubles and one single) while offering a more compact living area. The well-equipped kitchen overlooks the back garden, providing ample storage and counter space. The family bathroom has been tastefully renovated, boasting a new shower, vanity, toilet, and flooring. Additionally, the property features a separate second toilet and laundry, enhancing functionality and offering ample space for potential for future development. Recent upgrades include new insulation, a rangehood, extractor fans, new window furnishings and electrical upgrades. The property is also warmed by two heat pumps. Tenants are provided with a dishwasher and washing machine, which are included in the chattels. Ample parking at the rear and a generous backyard, offer flexibility for landscaping or the possibility of adding a garage. Located close to all essential amenities, excellent schools at all levels, and just a short drive from St Clair Beach and the Esplanade, this property is perfectly positioned for both investment and lifestyle. Our vendors are motivated to move this asset on, presenting an exceptional opportunity to enhance your portfolio with this property. (Please note, photos for this listing are from when the property was previously sold)

Features

3 bedrooms
1 bathroom
120 m² floor area
491 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Forbury over the last 12 months, the estimated median property value of 267 Macandrew Road is $565k.

Median value
$565k
Estimated value range
$132k - $635k
Median days on market
30
Estimated value trend
13%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Forbury. 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 267 Macandrew Road

2025
Sold
22 May 2025 by Rachel Jones, of Bayleys Dunedin
2024
Sold
$460,000
10 Dec 2024 by Muir Gold, of Bayleys Dunedin

Happy sellers in Forbury

72%
72% of sellers in Forbury reported that their sale price either exceeded or met their price expectations.

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

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

Local market activity for 3 bedroom houses in Forbury

In the last 12 months, 11 three-bedroom houses similar to 267 Macandrew Road, have been sold.

This represents a 10% decrease in three-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Forbury

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Ganesh Rout

Sellers who recommend Ganesh Rout have praised them for being clear communication, local expert, responsive, supportive, friendly, honest and reliable

  •   5   (444 reviews)
  •  4 Reviews in Forbury
  •  3 Sales in Forbury
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Toni Curline

Sellers who recommend Toni Curline have praised them for being clear communication, local expert, friendly, supportive, responsive, dedicated and empathetic

  •   5   (225 reviews)
  •  2 Reviews in Forbury
  •  1 Sale in Forbury
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Rob Bevin

Rob Bevin is a recommended agent for Forbury.  They have collected 2 local reviews across the last 12 months.

  •   5   (153 reviews)
  •  2 Reviews in Forbury
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Anna Thomas

Sellers who recommend Anna Thomas have praised them for being clear communication

  •   5   (21 reviews)
  •  1 Review in Forbury
  •  1 Sale in Forbury
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