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Back 47 Serpentine Ave
Off Market

47 Serpentine Ave

Dunedin Central Otago

3
3
170 m²
486 m²
House
Matt MortonMatt Morton, last sold this property on 03 June 2025 after 27 days on market.

Overview

Three for One Investment

Primed for the savvy investor, this block of units offers a collection of three one-bedroom flats, each boasting full self-containment within a character building. Generating a robust total rent of $920 per week, with all flats currently secured under fixed-term tenancy agreements, this property promises a consistent income stream. These working tenants are drawn to the convenience of the location, with most enjoying prolonged stays exceeding one year, ensuring stability and reduced vacancy periods. Situated just behind the CBD, the property provides tenants with the unparalleled advantage of a short walk to work. While two of the flats have been previously modernised with updated kitchens and bathrooms, the third flat presents a golden chance to add value through renovation, potentially enhancing the rental yield. This excellent investment offering in excess of 8% return on income, poised for renovation growth and long-term tenant demand. Seize this opportunity to start or expand your portfolio in the heart of Otago, where convenience meets consistent returns. 47 Serpentine Ave awaits the astute investor. Send an online enquiry to receive a full Matt Morton & Co Information Memorandum and additional property documentation. Please contact me for a further discussion or to arrange a viewing appointment once the information has been reviewed.

Features

3 bedrooms
3 bathrooms
170 m² floor area
486 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Dunedin Central over the last 12 months, the estimated median property value of 47 Serpentine Ave is $640.5k.

Median value
$640.5k
Estimated value range
$315k - $1.24m
Median days on market
41
Estimated value trend
20%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Dunedin Central. 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 47 Serpentine Ave

2025
Sold
Undisclosed
03 Jun 2025 by Matt Morton, of Matt Morton & Co (MATT MORTON & CO LIMITED)
2019
Sold
$400,000
20 Jun 2019 by Paul Bernard, of LJ Hooker Dunedin

Happy sellers in Dunedin Central

61%
61% of sellers in Dunedin Central reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 43 reviews in Dunedin Central over the last 12 months.

Local market activity for 3 bedroom houses in Dunedin Central

In the last 12 months, 16 three-bedroom houses similar to 47 Serpentine Ave, have been sold.

This represents a 25% increase in three-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 Dunedin Central

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Madelon White

Sellers who recommend Madelon White have praised them for being clear communication, local expert, supportive, responsive, well-prepared, reliable and friendly

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Ganesh Rout

Sellers who recommend Ganesh Rout have praised them for being clear communication, local expert, responsive, supportive, friendly, honest and reliable

  •   5   (440 reviews)
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Carissa Fraser

Sellers who recommend Carissa Fraser have praised them for being clear communication, local expert, responsive, supportive and well-prepared

  •   5   (58 reviews)
  •  4 Reviews in Dunedin Central
  •  4 Sales in Dunedin Central
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Jason Hynes

Sellers who recommend Jason Hynes have praised them for being clear communication, local expert, responsive, supportive, easy to work with, friendly and reliable

  •   4.9   (437 reviews)
  •  4 Reviews in Dunedin Central
  •  1 Sale in Dunedin Central
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