74 Royal Terrace, City Centre, Dunedin, Otago

Positioned just a short walk away from the CBD, hospital and university, this property is in a high-demand location that appeals to both students and young professionals. Nicely configured to suit most groups, the flat offers five large bedrooms (all with wardrobes), two bathrooms, a generous communal living space and a sunny private courtyard. The covered carport adds further appeal in an area where parking is at a premium.

Rents have steadily increased in recent times with minimal upgrades. Rental History

• 2022 - $715 p/w
• 2023 - $775 p/w
• 2024 - $840 p/w
• 2025 - $855 p/w
• Current - $925 p/w

At only $185 per room, the property still sits well within the affordability range for students and young professionals - meaning further increases are achievable without any renovations. A cosmetic upgrade and double glazing would certainly speed up growth.

There is a lot to like about this property including:

• Very Desirable Location
• Consistent Rent Growth
• Low Maintenance
• Immediate Upside

So, whether you're adding to an existing portfolio or looking for a reliable first investment, this is a great opportunity to secure a property that already performs - with room to perform even better.

Link to 3D Walkthrough below: https://my.matterport.com/show/?m=1k5mCiVqui9