Nestled in the serene Leith Valley, 59 Malvern Street presents a charming and cosy four-bedroom villa in the valley just passed the Woodhaugh Gardens. This delightful property boasts a tranquil setting, perfect for tenants seeking peace and quiet, or for parents purchasing a comfortable abode for their children while attending the prestigious University of Otago.

The house features a full modernised bathroom, with an additional separate toilet ensuring convenience and ease for flatmates. Two heat pumps to ensure the tenants are warm on those chilly Dunedin days, and while there is plenty of street parking, the property does come with a single off-street parking space.

The villa is currently tenanted, with a secure rental return of $650 per week for 2024, demonstrating its lucrative potential for investors. Parents, meanwhile, have the option to secure the property for next year, providing a dependable and homely environment for their university-bound offspring. Investors can look forward to setting their own rents for 2025, capitalising on the property's desirable location and features.

59 Malvern Street, Woodhaugh represents a great entry level opportunity for savvy investors and forward-thinking parents alike, offering a stable investment and an inviting home away from home for students in one of Otago's most peaceful locales.

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.