94 North Rd

North East Valley Otago

420 m²

House

Currently for sale - view listing

Overview

$1,150/wk | 8.3% Return at $719K

For buyers focused on income, occupancy and return, 94 North Road presents a compelling investment opportunity with an established rental stream and six-bedroom configuration. Importantly, the property is already rented for 2027 at $1,150 per week, providing approximately $59,800 in gross annual rental income. At a purchase price of $719,000, this represents an approximate gross return of 8.3%. The accommodation comprises a character-filled four-bedroom main residence, featuring generous proportions, high ceilings and period detailing, together with a functional kitchen, separate living area and heat pump. At the rear is a recently added two-bedroom sleepout, providing valuable additional accommodation and bringing the property to a total of six bedrooms. Positioned in a popular North Dunedin location, the property is within easy reach of New World Gardens, the University of Otago, local amenities and the central city—an established location for the student and rental market. Investment snapshot: $1,150/week secured for 2027 | $59,800 gross annual income | Approx. 8.3% gross return at $719,000 | 4-bedroom main dwelling + 2-bedroom sleepout | 6 bedrooms total Run the numbers, inspect the property and see how 94 North Road could fit into your investment portfolio. Gross return calculation is based on $1,150 per week for 52 weeks and a purchase price of $719,000, before rates, insurance, management, maintenance and other ownership costs.