40 Malvern Street, Woodhaugh, Dunedin, Otago

From the street, this home appears quaint, but step inside and you’ll immediately appreciate just how generously proportioned and well-designed it truly is. Spread over two levels, this impressive property offers five large bedrooms, each with its own private ensuite, making it an exceptionally popular rental year after year.

The heart of the home is a stylish, modern open-plan kitchen, dining, and living area, featuring wooden floors throughout and excellent indoor-outdoor flow. The kitchen boasts a large island bench and abundant storage, ideal for shared living. Sliding doors open onto a private, spacious covered patio overlooking native trees - an ideal space for relaxed entertaining in any season. The flat, easy-care section adds to the property’s appeal.

A separate additional toilet enhances convenience, and the home includes essential appliances and some furniture, including a fridge, washing machine, and dryer.

Outdoor space is equally impressive, with parking for 4+ cars and ample off-street parking - an increasingly rare asset for multi-tenant living.

The property is well maintained, with one of the tenants coordinating the cleaning of common areas between occupants. A gardener attends approximately fortnightly to every three weeks at a cost of $50 per visit, helping keep the grounds tidy with minimal expense. A maintenance person is also used as required, offering a practical and efficient setup for an investor.

Located just a short stroll to Woodhaugh Gardens, the bus stop, and the local dairy, this location is consistently sought after. The property is currently tenanted at $1,240 per week, with strong ongoing demand from both existing tenants and new applicants.

This is a turnkey, high-performing investment delivering size, location, great returns, included appliances, and a ready-to-go setup for the new owner. Healthy Homes compliant.

Please contact Kimberley Rosenbrock for property documentation and to arrange a viewing.