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Back 334 Dee Street
Off Market

334 Dee Street

Avenal Southland

22
12
18
1120 m²
2743 m²
Other
Tina LumTina Lum, last sold this property on 26 November 2025 after 393 days on market.

Overview

Fully rented - 12 Unit block - Great yield!

A rare opportunity here to own an iconic Invercargill landmark with an attractive rental income (currently 92% occupied) and potential to add value. The property comprises of 12 units: 2 x 2 bedrooms + study, 6 x 2 bedrooms and 4 x 1 bedrooms plus a number of onsite garages, situated on a significant 2740m2 (more or less) level site and covering massive 1120m2 (more or less) of building area. Located at 334 Dee Street it is close to the CBD, restaurants, bars, schools, supermarkets and shopping. All the units are in tidy condition with some having recently been updated. Heat pumps are installed in each unit. This is a rarely available asset in a sought after area. Invercargill is favourite amongst seasoned investors, here's why: • Highly resilient property market - featured as top NZ region for lowest value decline over past 18 months and again featured as top NZ region for growth in mid 2023 (source Realestate.co.nz). • Impressive economic growth - constantly surpassing average NZ GDP growth. • Lower cost of living - 24% less than national average (source Statistics NZ). • Affordable entry point - for now, lower prices and higher yields to be had. • Growing population and demand - 6.3% over last 5 years due to cost of living and a thriving economy (source Statistics NZ). • Infrastructure and development - $180M city block upgrade, $65M museum upgrade, $50M data centre, multiple upmarket hotels (source ICC). Be part of the success story while you can, contact Tina today for an info pack including current rental breakdown. Viewings by appointment

Features

22 bedrooms
12 bathrooms
18 carspaces
9 open car spaces
9 garage spaces
1120 m² floor area
2743 m² lot size
Other

Estimated Value

We need at least 3 similar 22 bedroom other properties sold in Avenal over the last 12 months.

Property history for 334 Dee Street

2025
Sold
Undisclosed
26 Nov 2025 by Tina Lum, of Inspire Real Estate Limited Auckland

Happy sellers in Avenal

94%
94% of sellers in Avenal reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 6 reviews in Avenal over the last 12 months.

Local market activity for 22 bedroom other properties in Avenal

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Claire Campbell

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