8 Allen Street, North East Valley, Dunedin, Otago

This is a data-driven offering for a good-performing residential investment property located in the sought-after suburb of North East Valley, Dunedin. The dwelling features a spacious layout comprising five bedrooms, one full bathroom, and a second separate toilet, making it optimally configured for the target rental market.

Structurally, the house includes an open-plan kitchen and living space positioned at the rear. This area leads directly out to a deck and a large, sunny backyard, enhancing the property's appeal to tenants. The property has previously been rewired and meets all current Healthy Homes Standards.

The property is strategically positioned for maximum rental demand. Its location offers an ideal option for University students seeking a quieter area compared to central student flats, while also appealing to working professionals who desire a short and convenient commute to the central city. Having a blend of tenants widens the pool and reduces future tenancy risk.

From an investment standpoint, the property offers immediate, secured cash flow, currently rented at $900 per week until the end of the year, and then fixed for the entirety of 2026 at a rate of $925 per week. This yields a verifiable 7.4% gross return on investment and the fixed-term security eliminates initial vacancy risk for the incoming investor.

Send an online enquiry to receive a full Matt Morton & Co Information Memorandum and additional property documentation.

Please contact me for a further discussion or to arrange a viewing appointment once the information has been reviewed.