Situated in the heart of the Dunedin City Centre, on the popular Stafford Street, sits an investment opportunity that is not to be missed.
This well presented 2-story home was built in 1895 and has been previously modernised throughout. It is comprised of 5 bedrooms, 2 bathrooms, one on each level and a large lounge. The property is elevated and has been built to enjoy both the views out to the Dunedin Harbour and all-year-round sun. Off the spacious kitchen is a well-appointed deck that provides an outlook across Saint Kilda. There is also a low-maintenance yard that is perfect for students and off-street parking for 2 cars. The convenient location is ideal for students and tenants alike, with the University and all amenities being close by.
For those looking for a stable investment, this property has already been brought up to Healthy Homes Certification and is 100% compliant. It is rented at $600pw, returning $31,200 for 2022 with the opportunity to maximise return, with further renovations and modernising. In Dunedin, 4+ bedroom student accommodation is in hot demand and with limited stock available there will always be interest in homes of this calibre.
Contact us today for more information and viewing options.
Proudly Marketed by Matt Cutler and Andrew James of Cutlers Real Estate.
