Positioned in the ever-popular hill suburb of Belleknowes, this substantial four-bedroom residence presents a compelling opportunity for both astute investors and families seeking space, comfort, and convenience. Just minutes from the city centre and within close proximity to quality schooling at all levels, the location underpins long-term appeal and strong tenant demand.
From an investment perspective, the fundamentals are compelling. A current rental appraisal of $745-795 per week offering an attractive gross yield of 5.6% - 6.0%, a strong proposition within the Dunedin investment market. Generous proportions, multiple living zones, excellent heating, and quality insulation further enhance its suitability for investors seeking a solid, low-risk asset.
Originally built in the 1970's and thoughtfully refreshed for modern living, the home offers immediate comfort and functionality for owner-occupiers, while requiring no major upgrades for future tenancy. The recently renovated kitchen is a standout, featuring stone benchtops, tiled splashback, wall oven, generous storage, and ample bench space. An adjoining dining or secondary living area adds flexibility for family living or entertaining.
The main lounge is spacious, flowing through to a sun-filled conservatory - a peaceful space to relax and unwind. Upstairs, three double bedrooms are serviced by a family bathroom and separate toilet, with the added bonus of one bedroom enjoying its own private shower.
Comfort has been carefully prioritised, with double glazing throughout, excellent insulation, and efficient year-round climate control via two heat pumps and a ducted heat pump system servicing the upper level - features that appeal strongly to both families and future tenants.
The lower level further enhances versatility, offering a fourth bedroom with adjoining bathroom, a very large laundry, internal-access double garaging, and abundant storage. Outside, the well-paved, low-maintenance section ensures ease of upkeep - ideal for busy households or investors seeking simplicity.
Generous in scale, well-located, and offering strong income potential alongside everyday liveability, this is a property that performs equally well as a family home or a strategic investment.
Well-positioned, well-proportioned - offering flexibility today and potential for tomorrow.
