Period aesthetic built in 1975
Step into a slice of history with this charming semi-detached property nestled at 829B Cumberland Street, North Dunedin. Boasting a quintessentially colonial aesthetic despite its 1975 construction, this delightful student flat is designed with a nod to yesteryear featuring weatherboard cladding, enchanting dormer windows, and a welcoming verandah out front.
Perfectly positioned for savvy investors or discerning parents seeking a comfortable dwelling for their progeny, this residence offers three cosy bedrooms, a well-appointed bathroom, and the convenience of a dedicated parking space tucked around the rear.
The home's proximity to the University of Otago makes it an ideal student let, ensuring a steady demand and minimal vacancies. Current tenants value the blend of historical charm and modern living, reflected in a robust rental yield of $650 per week, with the added bonus of $25 per week for the parking space leased separately.
The quaint front garden adds a touch of greenery and a pleasant visual ambience to this urban property. With such a prime location and enduring appeal, this property promises to be a wise addition to any property portfolio or the perfect home away from home for university students. Secure your investment in this piece of North Dunedin heritage today.
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