Listed: Thu, 9 Apr

"Thirsty on Castle" - Premium student investment

631 Castle Street, North Dunedin, Dunedin, Otago

Asking price $995,000

6+ Beds
2 Baths
190m² Floor
267m² Land

Attribute	Value
Property type	House
Capital value (CV)	$740,000
Agency reference	IN12257
Broadband in the area	Fibre, Satellite, Wireless

Positioned on iconic Castle Street, the legendary "Thirsty Boys" flat is one of the most sought-after rentals among second-year students. Right in the heart of the action, this property offers unbeatable proximity - just a short walk to key university facilities including the Marsh Study Centre, Central Library, and the University Union.

With its strong reputation and consistent demand, this flat boasts a proven rental track record. It presents a fantastic opportunity for investors to further add value and maximise returns, with scope for ongoing rental growth year-after-year.

Currently returning $1,470 per week, with tenancy secured through to 31/12/2026, this is a ready-made investment in a blue-chip student location.

If you're thirsty for a smart investment in the heart of campus, get in touch today to request the full information pack.

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Property Files

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Local Schools

IN ZONE george street normal school
George Street
437 m
Contributing (Primary), State, 382 enrolled
IN ZONE dunedin north intermediate
North Road
890 m
Intermediate (Intermediate), State, 295 enrolled
IN ZONE logan park high school
76 Butts Road
963 m
Secondary (Year 9-13) (Secondary), State, 815 enrolled

IN ZONE st hildas collegiate
2 Cobden Street
1.3 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 465 enrolled
IN ZONE liberton christian school
5 Hillary Street
1.5 km
Full Primary (Primary & Intermediate), State : Integrated, 124 enrolled
IN ZONE john mcglashan college
2 Pilkington Street
1.5 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 532 enrolled
IN ZONE columba college
399 Highgate
1.8 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 dunedin rudolf steiner school
1 Fern Road
3.8 km
Full Primary (Primary & Intermediate), State : Integrated, 85 enrolled
UNZONED sacred heart school (dunedin)
63 North Road
857 m
Contributing (Primary), State : Integrated, 68 enrolled
OUT OF ZONE maori hill school
Passmore Crescent
1.3 km
Contributing (Primary), State, 257 enrolled
OUT OF ZONE ōpoho school
96 Signal Hill Road
1.5 km
Contributing (Primary), State, 132 enrolled
UNZONED pine hill school (dunedin)
11 Hislop Street
1.6 km
Contributing (Primary), State, 60 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
2 km
Secondary (Year 9-13) (Secondary), State, 856 enrolled
OUT OF ZONE balmacewen intermediate
44 Chapman Street
2.1 km
Intermediate (Intermediate), State, 473 enrolled
OUT OF ZONE arthur street school
26 Arthur Street
2.1 km
Full Primary (Primary & Intermediate), State, 200 enrolled
OUT OF ZONE otago girls' high school
41 Tennyson Street
2.1 km
Secondary (Year 9-13) (Secondary), State, 709 enrolled
UNZONED bayfield high school
Shore Street
4 km
Secondary (Year 9-13) (Secondary), State, 575 enrolled
UNZONED brockville school
Brockville Road
4.4 km
Full Primary (Primary & Intermediate), State, 117 enrolled
UNZONED kaikorai valley college
Kaikorai Valley Road
4.5 km
Secondary (Year 7-13) (Intermediate & Secondary), State, 447 enrolled
UNZONED carisbrook school
217 South Road
4.6 km
Full Primary (Primary & Intermediate), State, 338 enrolled
UNZONED kings high school (dunedin)
270 Bay View Road
5 km
Secondary (Year 9-13) (Secondary), State, 861 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.