The layout is thoughtfully designed to meet the demands of student living. All bedrooms are positioned off a central hallway while at the rear of the property, the open-plan kitchen and lounge create a welcoming communal area, seamlessly flowing out to a sunny deck and private courtyard - perfect for socializing. The two renovated bathrooms, located at the back of the property, add a touch of modern convenience and ensure stress-free shared living. Practicality is further enhanced by the abundance of free street parking available right outside. The property has been meticulously maintained over the years, with upgrades that keep it competitive in the student rental market. Thanks to its condition and desirable location, it consistently rents year after year, often securing tenants well in advance.

Currently generating $990 per week under a fixed-term tenancy through 2025, this property offers both exceptional returns and strategic potential. It provides an ideal opportunity to secure future accommodation for university-bound children in 2026. With the prospect of rental growth and a rental appraisal on hand for 2026, this is a robust long-term investment in an unbeatable location. A short 5-minute walk takes you to the University of Otago, while a 10-15-minute stroll leads into the heart of Dunedin's city centre. Heading in the opposite direction, you'll find the Gardens Shopping Centre, just across the beautiful Botanic Gardens making the grocery shopping easy.

Properties like this, combining location, low maintenance, and high demand, are increasingly rare. Don't miss your chance to secure a prime student investment that delivers year after year.

Web iD: DO11971
Approximate land area: 226m²
Approximate floor area: 120m²
Rateable value: $700,000
Rates (DCC): $3797.90
Rates (ORC): $728.07