Positioned just metres from the Esplanade and iconic St Clair Beach, this blue-chip coastal property presents a compelling investment opportunity in one of Dunedins most tightly held seaside suburbs. Currently returning $800 per week with a fixed tenancy in place until the end of December 2026, it offers immediate income in a location that consistently attracts strong tenant demand.
The solid, low-maintenance brick home delivers flexibility and future potential in equal measure. The adaptable layout allows configuration as either three double bedrooms with two living areas, or four bedrooms with a single lounge, appealing to a wide range of tenants now, while providing an excellent foundation for future redevelopment or renovation.
Tastefully refreshed with neutral decor, the home is well presented and easy to maintain. A generous kitchen with walk-in pantry connects to a living area, supported by two heat pumps for year-round comfort. A renovated bathroom, two separate toilets, a dedicated laundry, and ample storage add everyday practicality. All electrics have been upgraded, including a compliant switchboard, offering peace of mind for investors.
A street-front garage and private, sun-soaked paved courtyard further enhance tenant appeal.
Importantly, the fixed tenancy provides the ideal window for future owners to secure the property now, enjoy holding income, and use the time to design and consent plans to transform the home into a bespoke coastal residence in this highly sought-after location.
Surrounded by quality homes and just moments from St Clairs cafes, restaurants, bars, parks, surf break, and hot salt water pool, this is an investment backed by location, lifestyle, and long-term upside.
Currently rented at $800 per week until December 2026.
A smart acquisition today, with the flexibility to become something truly special tomorrow.
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