Large Residence - Income and development potential

Positioned in a highly sought-after inner-city location, this substantial 1930s residence offers an exceptional opportunity for investors seeking strong returns, character, and future potential.

Ideally located within easy walking distance to the Octagon, central city shopping, University campus, and Hospital, the property is perfectly positioned for ongoing tenant demand.

Rich in the charm of a bygone era, the home retains many of its original character features, including beautiful timber detailing and balustrades. Inside, the spacious layout comprises six bedrooms, two bathrooms, and two toilets, making it ideally suited for student accommodation. A generous kitchen flows through to the dining and living areas, while a conservatory opens onto a sunny deck area overlooking the city. An HRV system and two heat pumps provide added comfort during the cooler months.

Set on an elevated site to maximise sun and views, the property also includes a single garage and additional off-street parking.

Currently rented at $1,260 per week for 2026, this is a proven investment in a consistently high-demand location.

Adding further appeal, the 483m² (+/-) site offers potential development opportunities, including the possibility of constructing an additional dwelling at the rear of the section, subject to Dunedin City Council approval.

A rare opportunity to secure a sizeable character property with both immediate income and future upside.