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Listed 1 day ago

ID#608392

630 Great King Street,

North Dunedin

Dunedin
$550,000
2
1
Approx
90
(≈968.75 sq.ft.)

Secure Your Student’s Future

Two Premium Campus Flats Available Individually
- Location: North Dunedin (Steps from the University of Otago Main Campus)
- Configuration: 2x Two-Bedroom Flats (For Sale Individually)
- Current Rent: $460 per week each (Tenancies expire 31st December 2026)
- Availability: Vacant possession available for the 2027 academic year

The Opportunity to Beat the Rental Squeeze:
The University of Otago's recent enrollment data highlights a surging student population, with full-time equivalent (EFTS) enrollments increasing by nearly 1,000 students in March of this year alone. This rapid growth is putting immense pressure on the North Dunedin rental market.

For parents of current or future Otago students, this presents a significant challenge"but also a strategic opportunity. Buying one of these low-maintenance flats eliminates the annual stress of the Dunedin "flat hunt," protects your family from projected rental increases, and guarantees your children a secure, quality home.

Property Highlights:
- Unbeatable Location: Situated in the heart of North Dunedin, just a short walk to the main university campus, libraries, and local amenities.
- Quiet & Secure: Positioned off the main road via a private leg-in walkway, offering a peaceful, quiet study environment away from street noise.
- Low-Maintenance Construction: Both flats are robust, classic brick buildings designed for easy upkeep.
- Sun & Outdoor Living: Each flat enjoys a sunny, low-maintenance backyard with no lawns to mow which is perfect for busy students.

Full Compliance & Transparency - to ensure an efficient and transparent transaction, the vendor is providing a comprehensive documentation package. You can buy with absolute confidence knowing the groundwork has been done:
- Healthy Homes Compliance: Fully compliant/certified to meet all current rental standards, ensuring a warm, dry, and healthy living environment.
- Comprehensive Reports: Full Land Information Memorandum (LIM) , Building Report and Electrical Reports are completed and available for each property.

Investment Summary
- Immediate Income: Currently returning $460 per week per flat, providing steady cash flow through to the end of December 2026.
- 2027 Planning: Step into the 2027 academic year with your student's accommodation fully secured, or choose to re-tenant in a high-demand market.

Don't let your child get caught in the rental scramble. Contact us today to receive the comprehensive Information Memorandum and arrange a private viewing.

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Agent

Matt Morton

Matt Morton& Co

Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ

Matt’s inception into real estate started in 2011. With 22 years of business and commercial management experience, Matt has developed a reputation in the real estate sector for a very high level of quality and professionalism and introduced a residential investment selling strategy that still exceeds buyers’ and clients’ expectations.

He is trusted by clients nationwide and abroad to deliver a smooth sales process leading to record sales, and his local knowledge and understanding of the market is called upon by an array of stakeholders throughout the investment property sector. Matt continues to command the respect of his peers; professional colleagues and the wider investment community.

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ID#608392

630 Great King Street,

North Dunedin

Dunedin
$550,000
proudly marketed by
Matt Morton
Matt Morton& Co
Matt
021 577 800
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