33 Duke Street, North Dunedin

6 BED1 BATH

Web ID: IN12150

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$795,000

Ready to add value, student property

This north-facing student property located on the fringe of campus presents a secure investment with scope to strengthen returns and long-term value.

The property currently offers six bedrooms and one bathroom, with clear potential to further enhance functionality by adding a second bathroom. This smart upgrade would ease day-to-day living for tenants and lift rental appeal. With light cosmetic improvements and general tidying, there's an opportunity to elevate presentation and attract premium rental income in the years ahead. An easy, flat ten-minute walk to the University, with New World supermarket just two blocks north and the Marsh Study Centre two blocks east.

Returning $1,140 per week with a fixed tenancy in place until 31st December 2026, this property offers a secure and consistent income stream.

For investors looking to scale their portfolio, the adjoining property at 35 Duke Street is also available for purchase.

Property Details

Inspection Details

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Approximate Floor Area
185m2

Rateable Value
$740,000

Property Type
Investments

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