647 George Street, North Dunedin

5 BED2 BATH

Web ID: IN12069

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$799,000

Buy smart in a student investment hotspot

Presenting an exceptional investment property in one of Dunedin's most sought-after student rental locations, just a short 5-10 minute walk to the University of Otago and a 10-minute stroll into the heart of the city, making student life easy.

This spacious five-bedroom property boasts generously sized rooms, providing tenants with comfort and functionality for day-to-day tasks. With two well-appointed bathrooms and a large lounge that seamlessly connects to the open-plan kitchen, the layout is both practical and appealing. The laundry is conveniently positioned at the rear, and a low-maintenance concrete backyard adds to the appeal. Recent improvements include a brand-new roof, giving peace of mind and reducing future maintenance costs.

Currently rented at $900 per week for 2025, the property offers strong holding income with clear potential for rent growth in the years ahead, particularly with targeted modern interior upgrades. Whether you choose to refresh the interior or hold as-is, the fundamentals are rock-solid.

Whether you're seeking a set-and-forget investment or a strategic buy to support your children while they study in Dunedin, this is an opportunity that balances location, rental return, and long-term value. Opportunities like this are tightly held, secure a smart investment in the heart of Dunedin's education hub.

Property Details

Inspection Details

Monday 2nd June
3:30pm - 3:45pm
calendar

Approximate Floor Area
175m2

Approximate Land Area
324m2

Rateable Value
$820,000

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