26 Ramsay Street, North Dunedin, Otago - House Sold on 18 09 2025

SoldSep 18, 2025

26 Ramsay Street, North Dunedin, Otago

Amount undisclosed

119 m²

890 m²

House

•

30+ days on the market

Sold: Sep 18, 2025

What's around 26 Ramsay Street

FREE LAND ANYONE?

This property has been priced to sell quickly. The vendor doesn't want to muck around. Located on the fringes of the university precinct, this 890m2 site has a 4-bedroom flat at the rear of the section, with a front section raring for development. Rented until 30/12/2025 at $640 per week and currently advertised at $680 per week for 2026, the flat consists of 4 large bedrooms, spacious lounge with wood burner, modern kitchen, bathroom + separate toilet. The deck is positioned well for morning sun. The front section is sitting there, just waiting for someone to develop it. Zoning rules allow for 1 bedroom per 100m2 so up to 5 more bedrooms can be built (subject to DCC consent). The ability to earn rental income while developing is one of the many positives that this property has to offer. At this price (6.3% return on the 2025 rent), very little value has been allocated to the front section so you're basically getting the land for free. If you're a developer that's been waiting a while for a site that will provide a decent margin, this is the one.

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Seller's review

8 months ago

Verified Review

Excellent Experience

Matt and his team at Cutlers have looked after a rental property of mine for years and I have recently sold my property through them. Always found the communication to be top notch, they care about your asset and will happily go out of way to help. They made the sales process easy and was really happy with the end result. Happy to recommend.

Adam Jackson

Seller