Dual Earner + Top Location = 6% return plus

Excellent investment opportunity in prime location!

Positioned down a gorgeous cul-de-sac, in a blue-chip location, this double storey dual dwelling offers countless options for the discerning buyer.

18 McGeorge Avenue: Upstairs, consists of 3 well-proportioned bedrooms, a family bathroom & open plan living, kitchen & dining. Extra features include a wood-burner, heat pump, walk in pantry & sunroom. Currently on a periodic tenancy at $380 per week with an updated rental appraisal of $440-$450 per week.

18a McGeorge Avenue: Downstairs, consists of a gorgeous self-contained studio complete with modern kitchen & bathroom, heat pump & outdoor access to the backyard through sliding doors. Previously tenanted in 2020 for $235 per week with an updated rental appraisal of $250-270 per week.

Notable rental returns are on offer here with an estimated gross of $35,880 PA for both units, but also the opportunity for flexibility. Whether you want to live-in & earn at the same time, or have versatility with family living, the possibilities are in abundance.

Situated on a low maintenance section, freshly painted roof & exterior, on a fantastic street, this one is definitely worth prompt inspection.

Take a 3D tour of the property here:
Main House - my.matterport.com/show/?m=8pysgwCDjpD
Flat A - my.matterport.com/show/?m=Qpcy4du9nWB

Additional Features

  • Bedrooms: 4 Bedrooms

  • Bathrooms: 2 Bathrooms

  • Chattels: Fixed floor coverings, Light fittings, Curtains, Stove, Rangehood, Dishwasher, Smoke detector(s), Clothesline, Extractor Fan, TV Aerial

  • Number of Living Rooms: 2

  • Local Authority: Dunedin City Council

  • Joinery: Aluminium, Timber

  • Roof: Longrun

  • Lot Features: Sloping, Garden, Fenced Partially

  • Feature Rooms: Sunroom, Laundry - Separate

Alice Munro (Phone +64 27 929 1174)
Alice Munro
Real Estate Marketing Consultant