Back 398 South Road
Off Market

398 South Road

Caversham Otago

3
2
110 m²
341 m²
House
Lee SmithLee Smith, last sold this property on 02 July 2026 after 35 days on market.

Overview

A motivated vendor – bring an offer

Searching for an affordable investment, with its own title, to call your own? Or perhaps you're ready to grow your investment portfolio? 398 South Road is an opportunity you won’t want to miss! This property provides: Two flats under one roof. The first being a two-bedroom flat with a separate kitchen, lounge and back porch area that is semi enclosed. The second is a one-bedroom flat with a separate lounge and kitchen. Both units offer one spacious bedroom, plus unit 2 also offers a generous single bedroom. - Heating is by way of heat pumps for convenience. - Healthy Homes compliant. - Add attractive rentals to your investment portfolio with ease. - Alternatively live in one while renting out next door creating an income. For the investor looking for immediate returns, Fixed Term tenancies are in place until 2027. Whether you’re seeking an exceptional investment opportunity or searching for your first home to move into next year. This could be just the ticket for an investor or first home buyer - don’t miss out! Call me today for further information.

Features

3 bedrooms
2 bathrooms
110 m² floor area
341 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Caversham over the last 12 months, the estimated median property value of 398 South Road is $474.5k.

Median value
$474.5k
Estimated value range
$330k - $708k
Median days on market
36
Estimated value trend
-6%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Caversham. 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 398 South Road

2026
Sold
Undisclosed
02 Jul 2026 by Lee Smith, of Bayleys Dunedin

Happy sellers in Caversham

79%
79% of sellers in Caversham reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 31 reviews in Caversham over the last 12 months.

Local market activity for 3 bedroom houses in Caversham

In the last 12 months, 18 three-bedroom houses similar to 398 South Road, have been sold.

This represents a 24% increase in three-bedroom houses sales when compared to the previous 12 months.

Nearby agents

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