With University investments, location is everything - and this is one of North Dunedin's most tightly held corners. 47 Howe Street is positioned right on the Howe and Castle Street intersection, a premium student-flat address in the heart of the University precinct, just 5 minutes to Campus.
This two-storey, three-bedroom townhouse is a classic 1970s student investment, in a format that has proven itself over decades. It's exceptionally low maintenance, neat and tidy, mostly double glazed, and already delivering strong performance, with very little effort required from the current owner.
Secure tenancies are already in place for 2026 so you can start earning an income from Day 1. Gross rental income of $37,440 is secured for 2026.
North Dunedin rentals are a different market to anywhere else in the city or indeed the country. And that's why out-of-town, as well as local savvy investors, jump on student-flat investments. Vacancy risk here is forever low, because the demand is baked in - the University, the library, student amenities… all just minutes away on foot. Student-flat investments in this precinct have shown exceptional long-term growth, often doubling in value over a ten-year cycle or less - while remaining cash-flow positive through the holding years.
The interior is neat and tidy with an open plan kitchen and living, 3 bedrooms, a separate laundry & toilet and an upstairs bathroom, off-street parking complete the package. This style of property has a long history of attracting more mature student tenants - and with its smaller scale, it's naturally less likely to become a 'party-house' rental. It's a quiet achiever - the kind investors love.
With strong existing income, low upkeep, and one of the best University corner positions you can buy into, 47 Howe Street is an affordable entry into Dunedin's student-flat investment market.
If you want a property that performs now - and grows powerfully over time - get in touch.
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