16 Chambers Street

The Gold Standard: Fully Rebuilt & High-Yield

For Sale by Online Auction

The Online Auction is under way and digital bidding starts immediately and concludes at the Final Bidding Stage. It is recommended to register a starting bid early to avoid disappointment. Bids conditional on pre-approved finance are permitted subject to seller approval.

Forget what you know about standard North East Valley rentals. This is a "next-generation" investment property that underwent an extensive, consented 180° transformation in 2016. Virtually every component of this home was replaced or modernized; from internal linings, windows, and doors to plumbing, electrical, and floor coverings. This is a high-performance asset designed for longevity and premium returns.

Unrivaled Tenant Comfort & Health - this property isn't just compliant; it's a category leader in tenant wellness. Fully double-glazed and extensively insulated (ceiling, walls, and sub-floor with a ground vapour barrier), it remains incredibly warm and dry year-round.
- Advanced Ventilation: An HRV system is installed with vents in every bedroom and the living area, creating a positive-pressure environment that eliminates condensation and protects the building's fabric.
- Full Compliance: 100% Healthy Homes compliant, backed by an independent verification and certification report.

The Investor's Advantage
- Immediate Income: Currently returning $1,260 per week on a fixed-term tenancy until 31 December 2026.
- Premium Tenant Pool: While popular with University of Otago students, the high-spec finish consistently attracts discerning working-class tenants who prioritize quality.
- Low Maintenance: With the 2016 renovation including a full external repaint, weatherboard repairs, and a modern kitchen/bathroom extension, your capital expenditure is protected for years to come.

Transparency & Due Diligence - we provide total peace of mind with a full suite of professional reports ready for your review:
- Full Building & Electrical Wiring Reports (confirming excellent condition).
- Comprehensive LIM Report (all 2016 works fully consented and signed off).

Online Auction: Bidding Open Now - this property is being sold via Online Auction, with bidding open now through to 25 March 2026. Note: The vendor reserves the right to sell the property prior to the closing date. To avoid disappointment, we strongly encourage interested parties to register and submit their bids early.

A "step above" the competition, this is the low-risk, high-reward addition your portfolio deserves.

Send an online enquiry to receive a full Matt Morton & Co Information Memorandum and additional property documentation.

Please contact me today to discuss this premium asset further and arrange your private viewing appointment once the information has been reviewed.