36 Malvern Street
Woodhaugh, Dunedin 9010
Sold on 29th Apr 2024 for
Great Starter Investment

Rent - $760 per week | Yield - 8.6% | Location of Buyer - Dunedin -

This 4-bedroom student flat is a great entry level property into the investment market. Located in the pleasant Leith Valley, it offers a flat walk to the University past the serene Woodhaugh Gardens, which appeals to those quieter students looking to get out of the noisier party zone of campus.

The property is rented for $760 per week for 2024, and while a stable investment, it would also suit parents seeking an affordable property for their own children attending University in Dunedin.

The property contains three rooms to the front and the kitchen, bathroom and a further bedroom to the rear. A separate toilet to the bathroom offers more convenience to the tenants, and a spacious lounge in the centre gives the tenants ample space to relax. The large grassy yard also offers the perfect backyard cricket option to keep energetic students entertained.

The cladding does require some work in isolated places and would benefit from a repaint. The roof will need attention in the coming years as it is nearing the end of its useful life. In the meantime, the tenants are benefitting from a snug property fitted with multiple heaters and a ventilation system to keep the property dry and heathy for its occupants.

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.

Listing Agent
Matt Morton
Director / Broker
021 577 800
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