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Back 9/598 Castle Street
Off Market

9/598 Castle Street

North Dunedin Otago

6
2
1
122 m²
House
Matt CutlerMatt Cutler, last sold this property on 11 November 2025 after 74 days on market.

Overview

Secure Returns in a High-Demand Market

Imagine owning an investment property so sought after that tenants are lining up to secure it nine months before move-in, without a single ad placed. That's the reality at 9/598 Castle St, part of a purpose-built student complex that has proven its strength year after year. This modern, low-maintenance townhouse was designed for student living in the early 2000s and remains highly desirable today. It contain a spacious open-plan kitchen / living area, six generously sized bedrooms, each with built-in wardrobes and study desks, two bathrooms and dedicated off-street car parking. Currently rented exclusively to female students, this property has enjoyed a history of reliable tenants and steady rent increases. Just to illustrate: • 2021: $1,020 per week • 2025: $1,320 per week • 2026 (secured): $1,410 per week That's a $20,000 boost in annual income in five years- equating to an estimated $300,000 increase in value, based on current market cap rates. The current owners had every intention of holding this long term, but changing circumstances means someone can take over from here and basically just sit back. In conclusion, this property offers: • Consistently strong tenant demand • Minimal body corporate involvement and low fees • Low maintenance costs • Proven rental growth and reliable income stream So, if you're looking for a hands-off, high-performing investment in one of the most resilient sectors, 9/598 Castle St is the kind of property you'll want to hold for years to come. Link to 3D Tour below https://my.matterport.com/show/?m=VLNRyJ6YWCZ

Features

6 bedrooms
2 bathrooms
1 carspace
1 open car space
122 m² floor area
House

Estimated Value

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

Property history for 9/598 Castle Street

2025
Sold
Undisclosed
11 Nov 2025 by Matt Cutler, of Cutlers
2021
Sold
$1,075,000
Sold by Set Date on 18 Aug 2021 by Matt Cutler, of Cutlers

Happy sellers in North Dunedin

89%
89% of sellers in North Dunedin reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 9 reviews in North Dunedin over the last 12 months.

Local market activity for 6 bedroom houses in North Dunedin

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