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ID#606305
117 North Road,
North East Valley
Dunedin
$720,000
6
2
Approx
120m²
(≈1,291.67 sq.ft.)
Approx
408m²
(≈4,391.67 sq.ft.)
proudly marketed by
Matt Morton
Matt Morton& Co
High-Yield Student Living in NEV
Strategically located in the heart of North East Valley, this robust six-bedroom property offers the perfect blend of consistent returns and future capital growth. Positioned on North Road, it sits in the "sweet spot" for discerning third-year students and postgraduates who prioritize a quieter study environment while remaining just a 20-25 minute walk from the University of Otago.
The Property
- Spacious Accommodation: Five generous bedrooms inside the main dwelling, complemented by a separate sleepout featuring its own full en-suite"a highly sought-after feature for premium tenants.
- Sun-Drenched Living: The open-plan kitchen and living area flows seamlessly onto a north-facing covered deck, perfect for year-round use and capturing maximum Dunedin sun.
- Warm & Dry: Equipped with a full ventilation system, heat pump (living room), and heating panels in bedrooms ensures a healthy environment that exceeds tenant expectations.
- Convenience: Ample off-street parking for several vehicles, a rare and valuable commodity in the Valley.
Investment Highlights
- Current Income: Returning $875 per week on a fixed-term tenancy ending 3 January 2027.
- Growth Potential: Significant "upside" on rental yields for the 2027 academic year, bringing the property in line with current market peaks (rental appraising pending).
- Fully Compliant: Healthy Homes certified. The vendor has been proactive, addressing minor items from recent reports to ensure a turnkey transition for the new owner.
- Clean Slate: The LIM confirms that all 2013 structural alterations are fully consented, providing peace of mind for your bank and your insurer.
Due Diligence Made Easy - we have a comprehensive property pack ready for immediate review, including:
- Full Building & Electrical Reports
- LIM Report
- Healthy Homes Report
This is a low-maintenance, high-demand asset in one of Dunedin's most reliable rental suburbs. Properties with this level of compliance and layout efficiency are moving fast.
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.
Location
Agent
Matt Morton
Matt Morton& Co
Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ
Matt’s inception into real estate started in 2011. With 22 years of business and commercial management experience, Matt has developed a reputation in the real estate sector for a very high level of quality and professionalism and introduced a residential investment selling strategy that still exceeds buyers’ and clients’ expectations.
He is trusted by clients nationwide and abroad to deliver a smooth sales process leading to record sales, and his local knowledge and understanding of the market is called upon by an array of stakeholders throughout the investment property sector. Matt continues to command the respect of his peers; professional colleagues and the wider investment community.
read moreID#606305
117 North Road,
North East Valley
Dunedin
$720,000
proudly marketed by
Matt Morton
Matt Morton& Co