Listed: Thu, 2 Apr

Dual-income investment - 8% gross return

263 High Street, City Centre, Dunedin, Otago

Enquiries over $1,200,000

6+ Beds
2 Baths
300m² Floor
506m² Land

Other Features

1 Off-street parking

Attribute	Value
Property type	House
Capital value (CV)	$830,000
Parking	1 open spaces
Agency reference	IN12240
Broadband in the area	Fibre, ADSL, Satellite, VDSL, Wireless

Positioned just minutes from the Exchange and CBD, this well-presented property - configured as two flats - offers a versatile and compelling investment opportunity. Whether you're seeking a strong long-term return, a city base, or accommodation for children attending university, this property delivers on multiple fronts.

The downstairs flat comprises four generously sized bedrooms, a tidy bathroom, and open-plan living complemented by a modern kitchen that flows seamlessly to a private rear deck - ideal for outdoor living.

Upstairs features five bedrooms, a bathroom, and a spacious open-plan kitchen and living area that enjoys all-day sun and an elevated outlook, creating a light and inviting environment.

Additional benefits include off-street parking and a prime location within easy reach of key amenities.

Both flats are currently tenanted, providing a combined rental income of $1,850 per week for 2026, making this a ready-made investment with strong returns.

Recent upgrades includes some exterior painting and roof replacement.

Please note: LIM Report and Building Report will be available next week.

Open home times

No times scheduled

Property Files

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These property files are supplied by the agent and Trade Me Limited has no responsibility for the completeness or accuracy of the property files

Local Schools

IN ZONE otago girls' high school
41 Tennyson Street
494 m
Secondary (Year 9-13) (Secondary), State, 709 enrolled
IN ZONE trinity catholic college
340 Rattray Street
632 m
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 774 enrolled
IN ZONE arthur street school
26 Arthur Street
789 m
Full Primary (Primary & Intermediate), State, 200 enrolled

IN ZONE st hildas collegiate
2 Cobden Street
1.5 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 465 enrolled
IN ZONE columba college
399 Highgate
1.8 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State : Integrated, 593 enrolled
IN ZONE john mcglashan college
2 Pilkington Street
2.7 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 532 enrolled
IN ZONE logan park high school
76 Butts Road
3.2 km
Secondary (Year 9-13) (Secondary), State, 815 enrolled
IN ZONE liberton christian school
5 Hillary Street
3.8 km
Full Primary (Primary & Intermediate), State : Integrated, 124 enrolled
IN ZONE dunedin rudolf steiner school
1 Fern Road
5.8 km
Full Primary (Primary & Intermediate), State : Integrated, 85 enrolled
UNZONED st joseph's cathedral school
43 Elm Row
418 m
Contributing (Primary), State : Integrated, 153 enrolled
UNZONED otago boys' high school
2 Arthur Street
963 m
Secondary (Year 9-13) (Secondary), State, 856 enrolled
OUT OF ZONE kaikorai school
22 Tyne Street
1.6 km
Contributing (Primary), State, 302 enrolled
OUT OF ZONE mornington school
34 Elgin Road
1.7 km
Contributing (Primary), State, 224 enrolled
UNZONED st francis xavier school (mornington)
27 Benhar Street
1.9 km
Contributing (Primary), State : Integrated, 99 enrolled
UNZONED carisbrook school
217 South Road
2 km
Full Primary (Primary & Intermediate), State, 338 enrolled
UNZONED kaikorai valley college
Kaikorai Valley Road
2.3 km
Secondary (Year 7-13) (Intermediate & Secondary), State, 447 enrolled
UNZONED bathgate park school
213 Macandrew Road
2.3 km
Full Primary (Primary & Intermediate), State, 127 enrolled
OUT OF ZONE balmacewen intermediate
44 Chapman Street
2.3 km
Intermediate (Intermediate), State, 473 enrolled
UNZONED kings high school (dunedin)
270 Bay View Road
2.6 km
Secondary (Year 9-13) (Secondary), State, 861 enrolled
UNZONED queen's high school
195 Surrey Street
2.7 km
Secondary (Year 9-13) (Secondary), State, 604 enrolled
UNZONED bayfield high school
Shore Street
2.7 km
Secondary (Year 9-13) (Secondary), State, 575 enrolled
UNZONED brockville school
Brockville Road
3.1 km
Full Primary (Primary & Intermediate), State, 117 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.