7 Queen Street

North Dunedin Otago

254 m²

607 m²

House

Currently for sale - view listing

Overview

Best House, Best Street

Positioned on the most sought-after street for third-year students, this impressive eight-bedroom property has an outstanding track record, attracting quality tenants year after year. The numbers speak for themselves. Returning $95,880 for 2026 and increasing to $99,960 for 2027, this property offers solid, reliable income with built-in growth. The home has already benefited from significant upgrades, including double glazing, a new roof and exterior repaint in 2020, plus a recently renovated kitchen. The heavy lifting has been done, allowing you to focus on maximising returns. Spread over three levels, with seven big bedrooms, a mid-sized, top floor, North facing bedroom, three bathrooms, spacious communal living areas, breathtaking elevated views, and a sunny north-facing deck that tenants love. Zoning allows for up to 13 bedrooms. The garage is currently locked up and not used and the tenants park one or two cars in front of it. One could get adventurous long term and max out the site but in the short term, converting the garage to a 9th bedroom would be a worthwhile proposition. Properties with this combination of proven performance, premium location, and future development potential are tightly held. Contact us today to arrange your viewing and secure one of the area's standout student investments. Link to 3D tour below: https://my.matterport.com/show/?m=o171RJxRuLa