70 Heriot Row

North Dunedin Otago

290 m²

450 m²

House

Currently for sale - view listing

Overview

Established Income. Exceptional Student Appeal

This is an excellent opportunity to secure a well-established, high-performing student investment property in the sought-after Dunedin rental market. Configured as an eight-bedroom student flat, the property continues to be a popular choice among third- and fourth-year university students, maintaining strong appeal within this established student accommodation market. PROVEN PERFORMANCE: The property has demonstrated consistent rental performance year on year and is currently achieving rental income of $1,680 per week for 2026, with a signed agreement increasing to $1,720 per week for 2027. This represents annual gross rental income of: • 2026: $87,360 • 2027: $89,440 The increase in rental income provides investors with an encouraging indication of the property's ongoing rental performance. FEATURES: The property offers eight generously proportioned bedrooms, providing an attractive accommodation layout for student tenants. • Four bedrooms feature their own private ensuites. • A modern kitchen provides appeal. • The main bathroom has been refreshed. • A spacious open-plan kitchen and living area creates an excellent communal environment. • A heat pump provides year-round comfort. The combination of spacious bedrooms, excellent bathroom facilities and generous communal living areas make this a particularly appealing option for senior students seeking quality accommodation. AN ESTABLISHED INVESTMENT: With its proven rental history, strong appeal to third- and fourth-year students and established eight-bedroom configuration, this property offers investors an opportunity to acquire a quality income-producing asset in Dunedin. The combination of current rental returns, an increase in secured rental income for 2027 and desirable student accommodation facilities makes this a quality investment opportunity.