Description
This four-bedroom villa is sitting on a 416m2 section with a spacious open plan kitchen living area, three good-sized bedrooms and one large. Accompanied with a tidy bathroom, there is a garage and extra off-street car parking, along with a low maintenance section. The house is heated by a heat pump in the hallway and a log burner in the living area.
With good morning sun and a great view out towards the Botanical Gardens in North Dunedin, it is only a short walk to the Gardens Shopping Centre and onto the University.
Occupied by the same reliable tenants since January 2022, the rental income has climbed incrementally to the current rate of $530 per week. However, with student rents increasing annually and currently averaging upwards of $180 per room, the potential returns and rent increases are obvious, especially with the increased student numbers in 2025.
There aren't many opportunities to buy properties in this price range and in the student area. Don't miss out this property won't stay on the market for long!
