57 Preston Cres

Belleknowes Otago

150 m²

550 m²

House

Currently for sale - view listing

Overview

Three flats, one smart investment

Positioned in the affluent suburb of Belleknowes, 57 Preston Crescent presents an exciting opportunity for investors looking to grow their portfolio or take their first step into property investment. Purpose-built over two levels as three self-contained one-bedroom flats, this well-maintained property currently returns $1,015 per week and has a strong rental history. With the fundamentals in place, the new owner can renovate and modernise the flats to a higher standard, potentially increasing rental returns over time. The tenants enjoy the quiet surroundings, convenient access to Mornington Shopping Village and public transport, while Dunedin’s CBD is just a five-minute drive away. Each flat has its own laundry, with shared use of the grounds and clotheslines for added convenience. Positioned on a corner site, the property enjoys excellent sun, while the current owners have taken pride in maintaining the home, lawn and hedges, making this an appealing, established investment. Whether you're expanding your portfolio or starting your investment journey, this is an opportunity worth exploring.