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Back 59 Burns Street
Off Market

59 Burns Street

South Dunedin Otago

10
10
304 m²
607 m²
Block of units
Jason HynesJason Hynes, last sold this property on 18 December 2025 after 196 days on market.

Overview

Serious Opportunity - Circa 8.9% Gross Return

With a current rental income of $129,480 (less landlord costs), this low maintenance 2x5 bedroom studio unit complex exhibits a hassle-free investment for the seasoned investor. Built in 2022, and illustrating a gross 8.9% return, these units have been in hot demand with prospective tenants and are currently fully let. Five of the ten tenancies run through to 2026, while the remaining five have scheduled rent increases later this year. With interest rates trending downwards, this represents a quality, long-term offering with significant cashflow and future upside. Each furnished dwelling has a communal lounge and kitchen, while each studio room is separately metered and offers an ensuite plus bar fridge. Conveniently located to the city centre with virtually no maintenance headaches, this is a superb investment proposition that will serve you well now and into the future.

Features

10 bedrooms
10 bathrooms
304 m² floor area
607 m² lot size
Block of units

Estimated Value

We need at least 3 similar 10 bedroom block of units sold in South Dunedin over the last 12 months.

Property history for 59 Burns Street

2025
Sold
Undisclosed
18 Dec 2025 by Jason Hynes, of LJ Hooker Dunedin
2021
Sold
$430,000
Private Sale/Treaty on 05 May 2021 by Jason Hynes, of LJ Hooker Dunedin

Happy sellers in South Dunedin

65%
65% 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 36 reviews in South Dunedin over the last 12 months.

Local market activity for 10 bedroom block of units in South Dunedin

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in South Dunedin

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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)
  •  14 Reviews in South Dunedin
  •  10 Sales in South Dunedin
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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

  •   5   (121 reviews)
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  •  5 Sales in South Dunedin
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Cherish Thom

Sellers who recommend Cherish Thom have praised them for being local expert, clear communication and supportive

  •   5   (41 reviews)
  •  3 Reviews in South Dunedin
  •  2 Sales in South Dunedin
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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)
  •  3 Reviews in South Dunedin
  •  5 Sales in South Dunedin
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