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Back 88 Eglinton Road
Off Market

88 Eglinton Road

Mornington Otago

6
4
450 m²
1562 m²
House
Graeme PennellGraeme Pennell, last sold this property on 16 June 2025 after 472 days on market.

Overview

Grand Home and Income. $100,000 price cut.

Price slashed $100,000! Vendors want action. A great option for empty nesters. Home and good income. Love a beautifully developed and maintained stately home? Even better if it has income attached? You will be hard pressed to find better than this. Known as Broomlands and built in the 1880s for Thomas Brown of the former well known draper Brown Ewing, this plaster over double brick home was converted into four flats in the 1960s. The current owners have renovated their own downstairs two-bedroom apartment to a high standard while maintaining the home’s character. These luxury quarters comprise a modern kitchen-living-dining area facing north and brimming with all modern appliances. The grand foyer and hallway feature the original tiles. Across the hall is a large entertainment lounge with gas fire, gorgeous mantlepiece, with mirror above. The main bedroom has an en-suite and there’s a single bedroom or office nearby. The three other flats have had long-term tenants and offer combined annual income of more than $53,000. All have been upgraded, have extensive chattels and are well maintained. The two-bedroom flat is spacious with grand rooms and a pleasant outlook towards the harbour and ocean. It is now let at $500 per week with room to increase. The property is on a 1562sqm mature section set back from the road and offers peace and privacy but is just a few minutes’ drive from the city centre. The total floor area is 450sqm. It includes basement storage and a utility area for garden tools. There is potential for further development, subject to consents, at the rear of the section where there is a sealed parking area and gardens. This property should attract buyers looking for a quality home with income and the potential to increase that revenue. Call to arrange a private inspection.

Features

6 bedrooms
4 bathrooms
450 m² floor area
1562 m² lot size
House

Estimated Value

We need at least 3 similar 6 bedroom houses sold in Mornington over the last 12 months.

Property history for 88 Eglinton Road

2025
Sold
Undisclosed
16 Jun 2025 by Graeme Pennell, of Nidd Realty Dunedin

Happy sellers in Mornington

74%
74% of sellers in Mornington reported that their sale price either exceeded or met their price expectations.

Mornington stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 28 reviews in Mornington over the last 12 months.

Local market activity for 6 bedroom houses in Mornington

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