Rent - $795 per week (2024) | Yield - 6.56% | Location of Buyer - Wellington -

Located in the heart of Dunedin’s student precinct, 46 Grange Street is a great opportunity to secure a four-bedroom house that is on one of North Dunedin’s most coveted streets.

The proximity to the Medical and Dental Schools is highly attractive to students looking for a convenient location to their studies, while those focusing on other degrees have the University’s main central library right at the end of the street.

Having undergone a thoughtful refurbishment, the property boasts two heat pumps, double glazing, upgraded wiring, clever storage options and a modern style bathroom to suit modern day tenants. A ventilation system also aids to reduce condensation and being fully compliant with Healthy Homes standards, this property guarantees a warm, dry, and healthy space.

The appeal to students is evident and this property should be at the top of the list for parents looking to purchase a reliable flat for their children to succeed while studying at the University of Otago. Investors will take comfort that this property is in demand with discerning students every year.

Currently rented at $795 per week until 31 December 2024, including a separately leased car park at $35 per week, it offers a secure income stream with increases likely for 2025.

The property's upkeep is evident, with well-maintained cladding and roof courtesy of the conscientious current owner. The positioning of this property is an unparalleled choice for a student’s home while they focus on succeeding in their studies in Dunedin.

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.