Location is key for rentals, and with 21 Hyde Street less than 200m from the Uni campus, there is high demand year on year.
The proof is in the pudding here with rent of $1,200 per week locked in for 51-week in 2027, and with plenty of room to increase further year on year.
This perfectly located investment opportunity contains six large bedrooms, with two downstairs, four upstairs, and two bathrooms. Out the back, past the two laundry areas, is a sunny courtyard. There is an old garage that has been used for owner's storage for a long time. That could now be used for tenant car parking in an area where parking is at a premium or leased to someone else to add extra income.
Owners of student flats here in Dunedin are cashing in on a very profitable phase, with birthrates indicating that universities will see an unusually high intake of students for the rest of the decade which is driving the North Dunedin flat demand through the roof.
Now is as good a time as ever to capitalise on the growing demand for student housing and you certainly can't go wrong buying a property in a blue-chip location that has scope for considerable capital gains.
For a viewing, please call AJ on 021 853 559
Link below to the 3d tour:
https://my.matterport.com/show/?m=5zMsqcQhfh3
