You won't find many closer to campus than this. 100 metres from Otago University, smack in the middle of one of Dunedin's most consistent rental strips. This is bread and butter student territory, always has been, always will be.
Currently rented through to the end of 2026, so you've got income from day one. But here's the opportunity: this place is ready for a freshen up. It's liveable, it's functional, but put some work into it over summer and you'll be pulling a higher rent come 2027. New tenants, new look, better return. The bones are already there with a new roof, new windows, new wiring all done in recent years. What's left is the cosmetic stuff. Paint, flooring, kitchen, bathroom. Do as much or as little as you like.
Four big bedrooms, one bathroom, open plan kitchen, dining and living. Classic student flat layout that tenants know and landlords love. No wasted space, no weird rooms that don't work. Just a simple, functional setup that does the job.
The section is compact and low maintenance. No lawns to deal with, no gardens to manage. This is about as hands-off as it gets.
Perfect for investors who want a reliable earner in a proven location. Also works well for parents looking to sort accommodation for kids heading to university in the next few years. Buy it now, tidy it up, and it's ready when you need it.
Properties this close to campus in this price range don't sit around. If you've been waiting for the right one, this is it.
Call me to book a viewing.
LIM and Building report to come.
