74 Royal Terrace

Dunedin Central Otago

100 m²

230 m²

House

Currently for sale - view listing

Overview

Strong Returns, Minimal Fuss

Positioned just a short walk away from the CBD, hospital and university, this property is in a high-demand location that appeals to both students and young professionals. Nicely configured to suit most groups, the flat offers five large bedrooms (all with wardrobes), two bathrooms, a generous communal living space and a sunny private courtyard. The covered carport adds further appeal in an area where parking is at a premium. Rents have steadily increased in recent times with minimal upgrades. Rental History • 2022 - $715 p/w • 2023 - $775 p/w • 2024 - $840 p/w • 2025 - $855 p/w • Current - $925 p/w At only $185 per room, the property still sits well within the affordability range for students and young professionals - meaning further increases are achievable without any renovations. A cosmetic upgrade and double glazing would certainly speed up growth. There is a lot to like about this property including: • Very Desirable Location • Consistent Rent Growth • Low Maintenance • Immediate Upside So, whether you're adding to an existing portfolio or looking for a reliable first investment, this is a great opportunity to secure a property that already performs - with room to perform even better. Link to 3D Walkthrough below: https://my.matterport.com/show/?m=1k5mCiVqui9