Back 35 Carlyle St
Off Market

35 Carlyle St

North East Valley Otago

5
2
100 m²
310 m²
House
Matt PetreMatt Petre, last sold this property on 23 June 2026 after 22 days on market.

Overview

Smart Investment, Solid Rental Income

Positioned in a highly sought-after location for third- and fourth-year students, this solid home presents an outstanding investment opportunity with strong returns and consistent demand. Just a few hundred metres from Gardens New World, popular cafés, and the convenience of the short walk through to the University make this property highly attractive to students. The property has five large bedrooms; each fitted with its own heat pump for year-round comfort. Three large rooms and a bathroom in the main house, and two large bedrooms and a bathroom in the sleepout. The upgraded kitchen adds appeal, while the durable solid brick construction and tidy roof provide peace of mind for investors seeking a low-maintenance addition to their portfolio. With quality features already in place, this is a property designed for easy ongoing management. Currently returning $950 per week on a 52-week lease, with an increase to $1,000 per week scheduled for 2027. That is 7%+ yields for the new owner. This is a high-yielding investment with excellent income potential. We at Cutlers manage multiple student investments on Carlyle Street and they have consistently performed year on year. Number 35 is a premium investment that stands out among the rest. Opportunities like this are rare, secure a strong-performing investment in a consistently high-demand area.

Features

5 bedrooms
2 bathrooms
100 m² floor area
310 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in North East Valley over the last 12 months, the estimated median property value of 35 Carlyle St is $735k.

Median value
$735k
Estimated value range
$569k - $1.12m
Median days on market
50
Estimated value trend
24%
increase over the last 12 months
Average days on market is based on recent, comparable sales in North East Valley. 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 35 Carlyle St

2026
Sold
Undisclosed
23 Jun 2026 by Matt Petre, of Cutlers
2016
Sold
21 Oct 2016 by Graeme Pennell

Happy sellers in North East Valley

82%
82% of sellers in North East Valley reported that their sale price either exceeded or met their price expectations.

North East Valley stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 32 reviews in North East Valley over the last 12 months.

Local market activity for 5 bedroom houses in North East Valley

In the last 12 months, 3 five-bedroom houses similar to 35 Carlyle St, have been sold.

This represents a 300% decrease in five-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 North East Valley

or
Skip the list and find your ideal agent to sell your propertyFind My Agent
© 2026 RateMyAgent