$1,150 Per Week – An Investor’s Opportunity at 8%

For buyers focused on income, occupancy and return, 94 North Road presents a strong investment proposition with an established rental stream and a practical six-bedroom configuration.
The property is currently returning $1,150 per week, equating to approximately $59,800 in gross annual rent. At an 8% gross yield, this represents a purchase price of approximately $747,500, before allowing for rates, insurance, maintenance, vacancy and other ownership costs.
The accommodation is spread across two distinct areas. The character-filled main residence provides four bedrooms and one bathroom, with generous proportions, high ceilings and period detailing. A functional kitchen, separate living area and heat pump provide comfortable everyday living.
At the rear, the recently added two-bedroom sleepout provides valuable additional accommodation, bringing the property to a total of six bedrooms. Its more modern construction complements the original dwelling while adding further flexibility and income-producing potential to the site.
Location is another important part of the investment story. Positioned in a popular North Dunedin area and within easy reach of New World Gardens, local amenities, the university and the city, the property is well placed for the tenant market seeking convenient, well-located accommodation.
For investors looking closely at the numbers, the appeal is clear: six bedrooms, $1,150 per week in rental income, two accommodation areas and a location with strong tenant appeal.
Investment snapshot: $1,150 per week current rent | approximately $59,800 gross annual income | four-bedroom main dwelling + two-bedroom sleepout | approximately $747,500 purchase price at an 8% gross yield.
Run the numbers, inspect the property and see how 94 North Road could fit into your investment portfolio.

*** Prior offers Considered ***