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62 Russell Street

Dunedin Central Otago

3
1
90 m²
331 m²
House
Currently for sale - view listing

Overview

Entry-Level Opportunity with Great Potential

Situated in a high-demand pocket of Russell Street, this property offers a strategic entry point for buyers looking to secure a footprint in a neighborhood undergoing active rejuvenation. With a new cafe currently under development at the end of the street, the area is increasingly popular with a diverse demographic, including young professionals, students, and mature tenants. Internal Layout The home retains a practical, traditional floor plan that is characteristic of the era. While the property is in original condition and would benefit from cosmetic upgrades, the fundamental layout is functional. Accommodation: Three well-proportioned double bedrooms. Living: A central lounge featuring double doors that face the rear of the property. Kitchen & Service: The kitchen has been updated with modern flooring but remains basic in its configuration. The laundry is integrated within the kitchen space, and the bathroom is positioned at the rear of the home. Site & Investment Profile The property sits on a flat, level section that requires minimal maintenance, making it well-suited for a rental portfolio or a first-home project. Current Tenancy: The property is currently occupied by reliable tenants, returning $400 per week. Land Value: The flat nature of the site provides clear scope for future redevelopment or modernization to increase capital value. Location: The street’s central position ensures consistent rental demand and long-term appeal as the surrounding infrastructure continues to improve.

Features

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

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 62 Russell Street, have been sold.

This represents a 25% increase in three-bedroom houses sales when compared to the previous 12 months.

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