Back 48 Reid Rd
Off Market

48 Reid Rd

South Dunedin Otago

3
1
90 m²
400 m²
House
Laura CuthillLaura Cuthill, last sold this property on 02 August 2026 after 79 days on market.

Overview

Restore or Reimagine on Reid

For investors and renovators, this is an exciting opportunity to add value and reap the rewards. Buyers should note that this is not a cosmetic project. There are genuine immediate repairs required, making this an opportunity best suited to those prepared to roll up their sleeves and unlock the property's full potential. Positioned on a General Residential 2 zoned site, this approximately 90sqm, three bedroom, one bathroom villa offers multiple pathways to add value. Renovate and hold as an investment, renovate and resell, or explore future redevelopment potential, subject to council consent. An exciting rental appraisal is available based on the home being repaired and brought up to Healthy Homes compliance, highlighting the property's potential as a long term investment. Please note the property is being sold on an as is, where is basis. Some images have been edited using AI. Accuracy cannot be guaranteed.

Features

3 bedrooms
1 bathroom
90 m² floor area
400 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in South Dunedin over the last 12 months, the estimated median property value of 48 Reid Rd is $435k.

Median value
$435k
Estimated value range
$190k - $565k
Median days on market
37
Estimated value trend
4%
increase over the last 12 months
Average days on market is based on recent, comparable sales in South Dunedin. 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 48 Reid Rd

2026
Sold
Undisclosed
02 Aug 2026 by Laura Cuthill, of Nidd Realty Dunedin
2018
Sold
$157,000
30 Jan 2018 by Kay Lucas AREINZ

Happy sellers in South Dunedin

70%
70% of sellers in South Dunedin reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 33 reviews in South Dunedin over the last 12 months.

Local market activity for 3 bedroom houses in South Dunedin

In the last 12 months, 25 three-bedroom houses similar to 48 Reid Rd, have been sold.

This represents a 20% increase in three-bedroom houses sales when compared to the previous 12 months.

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