Listed: Thu, 12 Oct

11 Durham St - Stage 1 Selling off-plan now!

11 Durham Street, Mornington, Dunedin, Otago

Asking price $665,000

2 Beds
2 Baths

Other Features

1 Ensuite
1 Garage parking

Attribute	Value
Property type	House
Parking	1 garage spaces
Broadband in the area	Fibre, ADSL, VDSL, Wireless

'11 Durham Street' is a development of freehold-title new-build homes. Stage 1 of the development is selling now and comprises 4 superb brand-new townhouses complete with 2 bedrooms and 2 bathrooms and excellent internal access garaging.

These are being sold now off-plan with completion not until late 2026. So this is a superb opportunity to lock in today's pricing, secure an excellent developer incentive package and secure a home with only a 10% deposit and no more to pay until completion.

Here's a snapshot of the development:

Brand-new freehold-titled homes - double-glazed, warm, modern and comfortable homes which will come completely finished and move-in ready Well elevated for light and for views in this exceptional Mornington location Ideal for investors wanting some of the best cashflows & yields in the country* and for owner-occupiers wanting a modern brand-new home Superb rental estimates and developer rental top up of $200 per week for year 1 of ownership - up to $850 pw in Year 1 Dunedin new-build townhouses are in high demand from professionals relocating to Dunedin for work on the city's many key projects Superb location, minutes to Mornington Shopping Centre and only 2.6kms to Dunedin CBD - hospital and universities just minutes away Secure now with only 10% deposit, completion estimated for late 2026 Fixed Price Contracts Superb rental yields Lock in today's pricing - buy now at the bottom of this market cycle

What is the tenant profile for these? And how's the Dunedin rental market? NZ Property Solutions' property management division have taken over the new build rental management of new-build townhouses across Dunedin and new-build townhouses are the premium rental option for professional people moving to Dunedin for work. The likely tenants are singles and couples that want a modern, warm, healthy new townhouse to live in, in a location convenient to the CBD, the University of Otago and the Dunedin Hospital. Dunedin rental yields are some of the best in the country for new-build townhouses and we are expecting the demand to continue in the coming years as the New Hospital build ramps up.

Get in touch today for the full property information pack and to secure one of only 4 homes available in Stage 1.