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3 Gourley Street

Saint Kilda Otago

4
2
2
160 m²
1153 m²
House
Currently for sale - view listing

Overview

Resource consent for 6 units in place!

This is a rare trifecta of size, zoning, and readiness. Whether you are looking for a strategic landbank with a solid rental yield or a shovel-ready project in one of Dunedin’s most sought-after pockets, this property delivers. The Development Edge Nestled in a quiet, sun-drenched and tree lined street, this massive 1,553m2 section zoned Residential 2 is ready to go and the heavy lifting has already been done for you: • Resource Consent Secured: Valid until 2030, offering long-term flexibility. • Approved Plans Available: Consent is in place for 6 premium 2 bedroom units or draft your own plans up to 19 bedrooms. • Strategic Location: Situated in popular St Kilda (at the Musselburgh end), where high-quality housing is in constant demand. The Existing Home While you finalize your vision, the property features a sizeable 160m2 family home that provides immediate comfort or steady holding income. • Space for All: 4 generous double bedrooms. • Smart Layout: The master bedroom includes a private toilet, while the family bathroom is designed for efficiency with a separate toilet and a separate shower. • Indoor/Outdoor Flow: The living spaces transition seamlessly to a sun-soaked patio and a large carport for convenience. • The Backyard: An established, private oasis that highlights the true scale of this impressive allotment. Income & Security Currently tenanted by reliable occupants who have expressed a keen interest in staying on, you can enjoy immediate cash flow from day one. This provides the perfect buffer while you organize your contractors and prepare to break ground. Rarely do sections of this magnitude, paired with existing Resource Consent, become available in such a quiet and established residential street.

Features

4 bedrooms
2 bathrooms
2 carspaces
2 carport spaces
160 m² floor area
1153 m² lot size
House

Happy sellers in Saint Kilda

67%
67% of sellers in Saint Kilda reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 76 reviews in Saint Kilda over the last 12 months.

Local market activity for 4 bedroom houses in Saint Kilda

In the last 12 months, 20 four-bedroom houses similar to 3 Gourley Street, have been sold.

This represents a 38% decrease in four-bedroom houses sales when compared to the previous 12 months.

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