5 Ramsay Street, Dalmore, Dunedin, Otago

This 3-to-4-bedroom villa is sitting on a 416m2 section with a spacious open plan kitchen living area, three good-sized bedrooms and one larger, that can be used as a lounge or fourth bedroom. Accompanied with a tidy bathroom, there is a garage and extra off-street car parking, along with a low maintenance section. The heat pump is positioned well to heat every room in the house.

With good morning sun and a great view out towards the Botanical Gardens in North Dunedin, it is only a short walk to the Gardens Shopping Centre and onto the University.

Rented at $680 per week until the end of 2026, that works out to nearly 7.1% gross return.

There aren't many opportunities to buy properties for under $500,000 in the student area in general, let alone at over 7%. This is an ideal entry level investment.