40 Malvern Street, Woodhaugh, Dunedin, Otago

This property presents a compelling investment opportunity in sought-after Woodhaugh, currently returning approximately $1,260 per week in gross rental income.

The home is spread over two levels and offers five generous bedrooms, each with its own ensuite - a configuration that has historically attracted strong tenant demand. The rooms are currently rented as follows: four rooms at $240 per week, and one room occupied by two tenants paying $300 per week.

The dwelling features a modern open-plan kitchen, dining, and living area with wooden floors throughout, a large island bench, and ample storage. Sliding doors open to a covered patio overlooking native trees, set on a flat, easy-care section. A separate additional toilet adds further convenience.

Whiteware includes a fridge, washing machine, and dryer. Parking is generous, with space for 4+ vehicles and ample off-street parking, well suited to multi-occupant living.

A gardener attends approximately every 2–3 weeks at a cost of $50 per visit, and maintenance has been attended to as required.

Located within walking distance to Woodhaugh Gardens, public transport, and local amenities, the property enjoys a convenient and popular setting.

Healthy Homes compliant. Whiteware included.

Current tenancy arrangements and income details are available upon request. Purchasers are advised to carry out their own due diligence regarding tenancy structure, compliance requirements, and financial suitability prior to making an offer.

Approx DCC Rates: $3,959.11