78 Buccleugh Street, North East Valley, Otago

SoldDec 10, 2025

78 Buccleugh Street, North East Valley, Otago

Amount undisclosed

130 m²

1290 m²

House

•

18 days on the market

Sold: Dec 10, 2025

What's around 78 Buccleugh Street

Rental returns & free land!

CURRENTLY UNDER OFFER This property has been priced to sell fast, and if development excites you, this will be right up your alley. Located in North East Valley, only a short walk from the Gardens shopping centre, and the University campus, the property is prime for student rental returns year on year and is rented for $720 per for 2026. The flat consists of 3 large bedrooms and 1 medium bedroom, an open plan living area & kitchen, bathroom + separate shower room. Equipped with two heat pumps, the property has been recently renovated with new paint and carpet throughout. The front verandah and patio area is great for soaking up the afternoon sun. This 1,290m2 site has a 4-bedroom flat at front right of the section, with the back section raring for development. Zoning rules allow for 1 bedroom per 100m2 so up to 8-9 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 (6.9% return on the 2026 rent), very little value has been allocated to the rest of the section, so you're basically getting the land for free, and with a great margin on return, this will be popular!

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Seller's review

10 months ago

Verified Review

Incredible experience

If I could give 6 stars I would. Andrew was magnificent. The speed in which he pulled the strings to get the listing off the ground, and then 3 days after listing into a multi offer situation. Absolutely faultless. Andrew was also a pleasure to work with. His energy and enthusiasm is second to none.

Kieran Moffat

Seller