SoldJul 15, 2026

1 Crown St, North East Valley, Otago

Amount undisclosed

5
2
2
422 m²

House

•

23 days on the market

Sold: Jul 15, 2026

What's around 1 Crown St

Dual-Income Investment Attractive Yield

Savvy investors will immediately recognise the value on offer at 1 Crown Street. Combining a substantial five-bedroom rental property with a separately leased workshop/storage facility, this is a rare opportunity to secure a diversified investment generating strong cash flow from day one. The residential dwelling is currently rented at $850 per week, while the separate workshop/storage unit returns $250 per week, providing a combined income of $1,100 per week. Looking ahead, market evidence suggests potential rental growth to approximately $1,000 per week for the house and $300 per week for the workshop, creating a projected combined income of approximately $1,300 per week. Based on current market trends, rental growth of around 7–8% per annum appears achievable, providing investors with both immediate income and future upside. Investment Highlights * Five-bedroom investment property * Currently returning $850 per week * Separate workshop/storage tenancy returning $250 per week * Combined current income of $1,100 per week * Forecast combined income of approximately $1,300 per week * Approximately 8% gross yield * Strong student rental location with consistent demand * Additional income stream from workshop/storage facility * Potential rental growth of approximately 7–8% annually * Close to the University, CBD and local amenities Properties offering multiple income streams, strong tenant demand, and an attractive 8% gross yield are increasingly difficult to find. Whether you're a seasoned investor or looking to expand your portfolio, 1 Crown Street presents an outstanding opportunity to secure a high-performing asset with excellent long-term growth potential. Public Download Link: https://www.ganeshrout.co.nz/current-listings/1-crown-street-north-east-valley-dunedin

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Buyer's review

3 months ago

Very easy purchase and knowledge of the area, good communication and follow up correspondence.

Easy purchase from purchasers not in the area. Great response with details and property information. Renee was great to ask information from and follow up on our questions and also checking in with progress. Very approachable. Would use this real estate again if we are in the market. Thanks for your help guys.

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Buyer

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