38 Mechanic Street, North East Valley, Dunedin, Otago

If you're searching for an investment property with future potential, this is one you won't want to miss. Ideally positioned within easy walking distance of the University of Otago, local shops, and schools, the location alone makes this a compelling opportunity.

The home features an open-plan kitchen and dining area, with doors opening from the dining space onto a deck to create excellent indoor-outdoor flow. Offering two bedrooms plus two sunrooms, the layout provides flexibility and added appeal for tenants. A spacious lounge and separate laundry complete the interior.

Comfort is well catered for with ceiling and underfloor insulation, along with two heat pumps to ensure warmth through the cooler months. Outside, enjoy pleasant hill views, a productive vegetable garden, a near-level lawn area, and the convenience of good basement storage and a single garage.

Currently rented at $570 per week on a fixed-term tenancy until 31st December 2026, this property has proven to be a solid performer and still offers scope for further enhancement over time.