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Secure Your Student’s Future

Matt Morton & Co Limited, (Licensed: REAA 2008)

Listed 17 Jun

628/630 Great King Street, North Dunedin, Dunedin, Otago

Asking price $515,000

Bed2
Bath1
Floor area90m²

Details

2 bedrooms
1 bathroom
House
Property interior
Property interior

Secure Your Student’s Future

Two Premium Campus Flats Available Individually for $515,000 each

  • Location: North Dunedin (Steps from the University of Otago Main Campus)
  • Configuration: 2x Two-Bedroom Flats (For Sale Individually)
  • Current Rent: $460 per week each (Tenancies expire 31st December 2026)
  • Availability: Vacant possession available for the 2027 academic year

The Opportunity to Beat the Rental Squeeze: The University of Otago’s recent enrolment data highlights a surging student population, with full-time equivalent (EFTS) enrolments increasing by nearly 1,000 students in March of this year alone. This rapid growth is putting immense pressure on the North Dunedin rental market.

For parents of current or future Otago students, this not only presents a significant challenge, but also a strategic opportunity. Buying one of these low-maintenance flats eliminates the annual stress of the Dunedin "flat hunt," protects your family from projected rental increases, and guarantees your children a secure, quality home.

Property Highlights:

  • Unbeatable Location: Situated in the heart of North Dunedin, just a short walk to the main university campus, libraries, and local amenities.
  • Quiet & Secure: Positioned off the main road via a private leg-in walkway, offering a peaceful, quiet study environment away from street noise.
  • Low-Maintenance Construction: Both flats are robust, classic brick buildings designed for easy upkeep.
  • Sun & Outdoor Living: Each flat enjoys a sunny, low-maintenance backyard with no lawns to mow which is perfect for busy students.

Full Compliance & Transparency - to ensure an efficient and transparent transaction, the vendor is providing a comprehensive documentation package. You can buy with absolute confidence knowing the groundwork has been done:

  • Healthy Homes Compliance: Fully compliant/certified to meet all current rental standards, ensuring a warm, dry, and healthy living environment.
  • Comprehensive Reports: Full Land Information Memorandum (LIM) , Building Report and Electrical Reports are completed and available for each property.

Investment Summary

  • Immediate Income: Currently returning $460 per week per flat, providing steady cash flow through to the end of December 2026.
  • 2027 Planning: Step into the 2027 academic year with your student's accommodation fully secured, or choose to re-tenant in a high-demand market.

Don't let your child get caught in the rental scramble. Contact us today to receive the comprehensive Information Memorandum and arrange a private viewing.

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628/630 Great King Street has been viewed 3,496 times since it was first listed on 17 June. There are 54 people keeping an eye on it.

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628/630 Great King Street, North Dunedin, Dunedin, Otago

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