Student Investment Sanctuary with Rental Upside
Secure a high-performing residential asset that perfectly balances robust financial returns with the "homely" charm that attracts reliable, long-term tenants. Situated on the edge of the University campus, this elevated 6-bedroom, 2-bathroom property offers a serene living environment while remaining firmly within the "student highway" to campus.
Financial Performance & Growth - This property represents a strategic "add-value" opportunity for the savvy investor. Currently returning $1,080 per week on a fixed tenancy, an independent rental appraisal indicates a market value of $1,170 per week. This provides the incoming owner with an obvious pathway to increased yields and a significant rental upside.
Superior Comfort & Full Compliance - Unlike the standard student flat, this home is designed for warmth and longevity. The property is fully Healthy Homes compliant and is set up to ensure a dry, healthy environment:
- The Log Burner: A rare and highly sought-after feature in the Dunedin rental market, providing a cost-effective and cozy heat source.
- Heat Transfer & Ventilation: A dedicated heat transfer system moves warmth from the log burner to the far side of the home, complemented by a modern heat pump and a full ventilation system.
The "Sanctuary" Setting - The property is positioned to offer privacy and tranquillity. The north-facing deck is bathed in sun and overlooks lush, serene bush rather than neighbouring houses. It offers a genuine "sanctuary" feel for students who prioritize a quiet, pleasant study environment over the noise of the central campus core.
Unbeatable Location & Lifestyle - The convenience factor here is a major drawcard for the "quieter" student demographic:
- The Commute: A scenic 15-minute walk to the University of Otago via the Botanical Gardens"a daily thoroughfare for thousands of students.
- Amenities: Only 100m from the North East Valley shopping precinct, providing immediate access to a New World supermarket, pharmacies, and popular local eateries.
Full Due Diligence Pack Available - To streamline your investment decision, a comprehensive information memorandum is available. The building is fully compliant, and the following reports are provided for your due diligence:
- Full Building Report
- LIM (Land Information Memorandum)
- Electrical Report
- Healthy Homes Compliance Certificate
Investment Summary:
- Bedrooms: 6 | Bathrooms: 2
- Current Rent: $1,080/pw
- Appraised Rent: $1,170/pw
- Key Features: Log burner, Heat Transfer System, North-facing bush views, 15-min walk to University.
This is a premium choice for investors looking for a warm, well-maintained property in a suburb currently seeing increased demand due to rising tertiary enrolment numbers.
Send an online enquiry to receive a full Matt Morton & Co Information Memorandum and additional property documentation.
Please contact me for a further discussion or to arrange a viewing appointment once the information has been reviewed.