35 Carlyle St

North East Valley Otago

100 m²

310 m²

House

Currently for sale - view listing

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.