46 Signal Hill Road, Opoho, Dunedin, Otago

There are some homes that simply have a presence, and 46 Signal Hill Road is one of them. With more than 100 years of history, this distinctive Opoho property offers a wonderful combination of character, space and flexibility, along with the benefit of extensive renovations that have made it a comfortable and very practical home for modern living.

While the property is not heritage-listed, its history has been recognised through work undertaken with support from the Historic Trust, and there is a lovely sense of its past throughout the property. Importantly, this is not simply a character property waiting for someone to take on a major renovation project - much of the hard work has already been done. Double glazing, insulation, new wiring, new carpet and flooring, painting and bathroom upgrades have all been undertaken, allowing the next owners to enjoy the character while benefiting from modern improvements.

The main home is a surprisingly generous family environment, with four bedrooms, a stylish and well-appointed kitchen and spacious living areas. Heating is provided by both a wood fire and heat pump, creating a warm and welcoming setting throughout the year. There is plenty of room for family life, entertaining and working from home, while the private outdoor area at the rear provides a sheltered spot to enjoy summer gatherings.

Then there is the real point of difference - the substantial lower level. With its own spacious living area, bedroom/sleeping loft, bathroom and heat pump, this area has excellent potential for extended family, teenagers, guests or those wanting a degree of separation within the home. When the current owners lived here, it was successfully operated as an Airbnb and through Booking.com, generating just over $49,000 in income over a 22 month period. It demonstrates the genuine income potential, but equally, this space could simply become an integral part of a larger family home.

Currently rented until 30 December 2026 at $1,420 per week, the property also offers an immediate investment proposition for those looking for a substantial rental, while providing plenty of options for the future.

Set in one of Opoho's most established and sought-after locations, this is a property with a story to tell. It has been a family home, an income-producing property and a much-loved character residence - and it now offers the next owner the opportunity to decide what its next chapter will look like.

A home with history, character and genuine versatility - and one that deserves to be viewed to fully appreciate all that it offers.