Listed: Wed, 25 Feb

Demonstrated Income Growth with Future Upside

151 Queen Street, North Dunedin, Dunedin, Otago

Asking price $729,000

5 Beds
2 Baths
160m² Floor
501m² Land

Attribute	Value
Property type	House
Capital value (CV)	$630,000
Property ID#	JQH366
Broadband in the area	Fibre, ADSL, Satellite, VDSL, Wireless

We've proudly managed this property for the past three years, and the income growth tells a compelling story. In 2024, it was rented at $800 per week. Fast forward to 2026, and it is returning $975 per week through to the end of the year.

That's a significant uplift in a short timeframe, reinforcing this property's position as a proven, high-performing investment in the tightly held North Dunedin area. Recent upgrades have been completed to the lower-level bedrooms and bathroom, including freshly painted walls, the installation of a new heat pump, and new carpet throughout the home.

There is still potential for further improvements to the upstairs bedrooms, along with modern upgrades to the kitchen and bathroom, which would significantly enhance both rental appeal and overall property value.

With a strong rental track record, established tenant demand, and reliable income growth, this represents a high-yielding investment opportunity in a premium location.

Key features:

New carpet installed throughout the home in 2025
HRV system installed
Upgrades to the bathroom and two downstairs bedrooms, plus a new heat pump
Wood burner and heat pump upstairs

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 george street normal school
George Street
92 m
Contributing (Primary), State, 382 enrolled
IN ZONE dunedin north intermediate
North Road
943 m
Intermediate (Intermediate), State, 295 enrolled
IN ZONE john mcglashan college
2 Pilkington Street
1.1 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 532 enrolled

IN ZONE liberton christian school
5 Hillary Street
1.1 km
Full Primary (Primary & Intermediate), State : Integrated, 124 enrolled
IN ZONE st hildas collegiate
2 Cobden Street
1.2 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 465 enrolled
IN ZONE logan park high school
76 Butts Road
1.4 km
Secondary (Year 9-13) (Secondary), State, 815 enrolled
IN ZONE columba college
399 Highgate
1.5 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State : Integrated, 593 enrolled
IN ZONE trinity catholic college
340 Rattray Street
2.2 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 774 enrolled
IN ZONE otago girls' high school
41 Tennyson Street
2.2 km
Secondary (Year 9-13) (Secondary), State, 709 enrolled
IN ZONE dunedin rudolf steiner school
1 Fern Road
4.2 km
Full Primary (Primary & Intermediate), State : Integrated, 85 enrolled
OUT OF ZONE maori hill school
Passmore Crescent
821 m
Contributing (Primary), State, 257 enrolled
UNZONED sacred heart school (dunedin)
63 North Road
866 m
Contributing (Primary), State : Integrated, 68 enrolled
UNZONED pine hill school (dunedin)
11 Hislop Street
1.3 km
Contributing (Primary), State, 60 enrolled
OUT OF ZONE balmacewen intermediate
44 Chapman Street
1.7 km
Intermediate (Intermediate), State, 473 enrolled
OUT OF ZONE ōpoho school
96 Signal Hill Road
1.7 km
Contributing (Primary), State, 132 enrolled
OUT OF ZONE north east valley normal school
248 North Road
1.7 km
Contributing (Primary), State, 213 enrolled
UNZONED otago boys' high school
2 Arthur Street
1.9 km
Secondary (Year 9-13) (Secondary), State, 856 enrolled
OUT OF ZONE arthur street school
26 Arthur Street
2.1 km
Full Primary (Primary & Intermediate), State, 200 enrolled
UNZONED brockville school
Brockville Road
4.1 km
Full Primary (Primary & Intermediate), State, 117 enrolled
UNZONED bayfield high school
Shore Street
4.4 km
Secondary (Year 9-13) (Secondary), State, 575 enrolled
UNZONED kaikorai valley college
Kaikorai Valley Road
4.4 km
Secondary (Year 7-13) (Intermediate & Secondary), State, 447 enrolled
UNZONED carisbrook school
217 South Road
4.7 km
Full Primary (Primary & Intermediate), State, 338 enrolled
UNZONED kings high school (dunedin)
270 Bay View Road
5.2 km
Secondary (Year 9-13) (Secondary), State, 861 enrolled
UNZONED queen's high school
195 Surrey Street
5.4 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.