Currently returning $740 per week for 2026 and $780 per week for 2027, the property offers the next owner a solid income stream, with a rental increase already in place.

The layout is straightforward and tenant-friendly, with four bedrooms, a bathroom and a separate toilet. The main living area sits at the heart of the home and is open plan, creating an easy communal space with a refreshed kitchen. Comfort hasn't been overlooked either, with partial double glazing and a heat pump helping keep the home warm through Dunedin's cooler months. Tucked away in North Dunedin and outside the main party zone, the property is within walking distance of Otago University and Gardens Shopping Centre, close enough to the action, without being right in the middle of it.

The appeal is fairly simple: four-bedroom properties in North Dunedin are hard to come by. For parents with children heading to university, it also presents an interesting option, if your child is currently in a hall of residence, you could have their flat sorted for 2028 and beyond. There is also scope to make further improvements over time, should you choose to add value or further modernise the property.

It's a practical North Dunedin investment, with the rental income, location and four-bedroom configuration doing much of the talking. Get in touch for further information or to arrange a viewing.

Web iD: IN12327
Approximate land area: 257m²
Approximate floor area: 90m²
Rateable value: $610,000