32 Adderley Terrace, Ravensbourne, Dunedin, Otago

Capturing beautiful harbour views from its elevated position, this classic 1920s weatherboard villa offers a substantial family-sized floor plan, modern comfort and exceptional convenience close to town.

With four generous bedrooms, a dedicated study and two bathrooms, the home provides excellent space and flexibility for families, professionals or investors. The spacious open-plan living and dining area forms the heart of the home, with double doors opening onto the sunny front deck, a wonderful place to relax, entertain and take in the harbour outlook.

Significant improvements have already been completed, including a brand-new Colorsteel roof, substantial double glazing and a recently repainted exterior. The timeless light-cream finish is complemented by soft duck-egg green and blue shingle accents, creating a fresh yet sympathetic update that sits beautifully alongside the home’s original character.

Year-round comfort is further enhanced by a Woodsman wood burner, heat pump, and ceiling and underfloor insulation.

Having proven itself as a successful rental property for the current owners, the home holds immediate appeal for investors. Equally, its generous proportions, flexible layout and proximity to the city make it an excellent option for families wanting room to grow. The interior is comfortable and functional as it stands, while still offering exciting scope to modernise and add further value over time.

Off-street parking is available for two to three vehicles, with vehicle access from Junction Road. From Adderley Terrace, a garden path leads through to the front entrance and deck, providing a lovely approach that takes full advantage of the home’s elevated setting.

The nearby cycleway offers an easy connection towards the CBD, University and surrounding amenities, adding even more convenience to this already well-positioned property.

Sunny, private and remarkably close to town, this character-filled home combines four bedrooms, a study, two bathrooms, substantial double glazing and major exterior improvements with beautiful harbour views and plenty of potential still to explore.