114 Dunrobin Street, Waverley, Dunedin, Otago

Opportunities like this are becoming harder and harder to find. Held by the same family for more than 50 years, this much-loved property is now ready for a new owner to unlock its enormous potential and buyers who have vision will have a serious edge.

Originally built in the 1960s and expanded with a 1990s top-floor addition, the home offers solid construction, generous proportions, and exceptional scope to add value. This is exactly the kind of property where smart buyers can create significant equity through renovation, modernisation, or strategic improvement.

In the current Dunedin market, properties with scope and potential like this set themselves apart.

Whether you’re looking to renovate and create a dream home, flip for profit, secure a long-term investment, or establish a high-performing rental, the upside here is undeniable.

Inside, the flexible layout includes four bedrooms plus a versatile fifth room ideal as an additional bedroom, office, studio, or sunroom, along with two bathrooms to comfortably accommodate families, flatmates, or tenants. Existing features include a heat pump, gas fire, ceiling and underfloor insulation, electric hot water, inbuilt wardrobes, and excellent under-house storage.

Outside, the separate garaging with potbelly stove provides valuable extra utility, perfect for projects, hobbies, or workshop space, while plentiful off-street parking adds convenience and practicality.

Privately tucked away and surrounded by nature, the setting feels peaceful and secluded, with birdsong and open outlooks creating a true retreat atmosphere, all while being just minutes from town in a proven, sought-after suburb.

Properties with this level of potential, location, and opportunity rarely come to market. For buyers prepared to act decisively, this could represent one of the best value opportunities available.

Make no mistake, purchasing this property will be a smart decision