204 High Street, City Centre, Dunedin, Otago

36 heritage styled apartments located right in Dunedin’s city centre, only 700 metres away from the Octagon, 900m to the new Dunedin Hospital and less than 2km from the University of Otago. The development consists of thirteen 1-bed, 1-bath, 0-carpark apartments priced from $359,000, eleven 1-bed, 1-bath, 1-carpark apartments priced from $385k and twelve 2-bed, 1-bath, 1-carpark apartments priced from $570k. Each home comes move-in ready with blinds, floor coverings, oven, cooktop and dishwasher included. All homes are priced well below their independent valuation ensuring purchasers lock in equity from day one.

New build properties within Dunedin’s City Centre are rare and seldom come to the market. Dunedin Central is constrained by expansive heritage protections, a high proportion of historic buildings and difficult topography. The result is a limited modern supply in an area that consistently attracts long-term demand. Central city properties routinely outperform fringe suburbs because the fundamentals are stronger and more durable:

• Reduced transport costs
• Less reliance on cars
• Walkable access to cafés, supermarkets, gyms, events, nightlife and the CBD
• Minutes to the hospital precinct, university and major employers
• Walkability isn’t a trend – it’s a permanent shift in how people are choosing to live

204 High St is deliberately designed to suit a range of buyers and tenant pool, strengthening both resale and rental outcomes. Ideal for:

• Investors seeking a strong yield and low vacancy
• Parents wanting accommodation for university-bound children
• Parents of boarding school students who commute to Dunedin on weekends
• First-home buyers wanting to live near the city’s nightlife and amenities
• Young professionals working in or near the CBD
• Temporary workers supporting the new hospital build

Why This Development Stands Out: Central city location + below-valuation pricing + by a reputable developer is a combination the Dunedin market rarely offers. With stable employment hubs nearby and virtually no pipeline of comparable supply in the central city, 204 High St is positioned for long-term demand from both occupiers and tenants.