Listed: Thu, 19 Mar

Proven performer - $1,295pw in prime location

54 Heriot Row, City Centre, Dunedin, Otago

Price by negotiation

6+ Beds
2 Baths
184m² Floor
319m² Land

Attribute	Value
Property type	House
Capital value (CV)	$800,000
Agency reference	4603551
Broadband in the area	Fibre, ADSL, Satellite, Wireless

Light, bright, and full of character, this Central Dunedin investment property offers strong returns and a highly sought after location just moments from the city centre. Enjoying harbour and city views, the home is rented at $1,295 per week for 2026, providing a reliable income stream in one of Dunedin’s most desirable rental areas, only 700 metres from the University of Otago.

The home features seven bedrooms, one with an adjoining study space and another with a generous sunroom area. Full bathrooms are located on both levels, with a shower upstairs and a shower-over-bath downstairs for added versatility. The well-appointed galley-style kitchen includes a large pantry, dishwasher, and extra-wide freestanding oven with gas hob, perfectly suited for shared living. The lounge adjoins the kitchen, creating a practical flow for day-to-day living.

A spacious laundry with built-in worktop and storage adds further functionality. Positioned for generous sunshine, the home enjoys excellent natural light with stunning views of the harbour, while the smart placement of three heat pumps ensures year-round comfort. The north-facing courtyard provides a sunny outdoor area to relax or entertain. Combining location, outlook, and solid returns, this is a highly desirable investment within easy reach of both the CBD and university precinct.

Alternatively, the home’s scale and character also lend themselves to potential conversion back into a spacious family home if desired.

Contact Nick Berryman for viewing availability and further information.

Open home times

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Property Files

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Local Schools

IN ZONE st hildas collegiate
2 Cobden Street
225 m
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 465 enrolled
IN ZONE columba college
399 Highgate
872 m
Composite (Year 1-13) (Primary, Intermediate & Secondary), State : Integrated, 593 enrolled
IN ZONE arthur street school
26 Arthur Street
1.1 km
Full Primary (Primary & Intermediate), State, 200 enrolled

IN ZONE trinity catholic college
340 Rattray Street
1.1 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 774 enrolled
IN ZONE otago girls' high school
41 Tennyson Street
1.2 km
Secondary (Year 9-13) (Secondary), State, 709 enrolled
IN ZONE john mcglashan college
2 Pilkington Street
1.2 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 532 enrolled
IN ZONE logan park high school
76 Butts Road
1.9 km
Secondary (Year 9-13) (Secondary), State, 815 enrolled
IN ZONE liberton christian school
5 Hillary Street
2.1 km
Full Primary (Primary & Intermediate), State : Integrated, 124 enrolled
IN ZONE dunedin rudolf steiner school
1 Fern Road
4.8 km
Full Primary (Primary & Intermediate), State : Integrated, 85 enrolled
UNZONED otago boys' high school
2 Arthur Street
928 m
Secondary (Year 9-13) (Secondary), State, 856 enrolled
OUT OF ZONE maori hill school
Passmore Crescent
945 m
Contributing (Primary), State, 257 enrolled
OUT OF ZONE george street normal school
George Street
960 m
Contributing (Primary), State, 382 enrolled
OUT OF ZONE kaikorai school
22 Tyne Street
1.1 km
Contributing (Primary), State, 302 enrolled
UNZONED st joseph's cathedral school
43 Elm Row
1.3 km
Contributing (Primary), State : Integrated, 153 enrolled
OUT OF ZONE balmacewen intermediate
44 Chapman Street
1.4 km
Intermediate (Intermediate), State, 473 enrolled
UNZONED sacred heart school (dunedin)
63 North Road
1.8 km
Contributing (Primary), State : Integrated, 68 enrolled
OUT OF ZONE dunedin north intermediate
North Road
1.9 km
Intermediate (Intermediate), State, 295 enrolled
UNZONED kaikorai valley college
Kaikorai Valley Road
3.4 km
Secondary (Year 7-13) (Intermediate & Secondary), State, 447 enrolled
UNZONED brockville school
Brockville Road
3.5 km
Full Primary (Primary & Intermediate), State, 117 enrolled
UNZONED bayfield high school
Shore Street
3.7 km
Secondary (Year 9-13) (Secondary), State, 575 enrolled
UNZONED carisbrook school
217 South Road
3.7 km
Full Primary (Primary & Intermediate), State, 338 enrolled
UNZONED kings high school (dunedin)
270 Bay View Road
4.2 km
Secondary (Year 9-13) (Secondary), State, 861 enrolled
UNZONED queen's high school
195 Surrey Street
4.4 km
Secondary (Year 9-13) (Secondary), State, 604 enrolled

While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.