6 Hyde Street, North Dunedin, Dunedin, Otago, 9016, New Zealand
Located in the heart of the university campus, this property offers a quintessential living experience for student tenants.
Four-bedroom flats are highly sought-after properties in this location and this property has been well maintained with recently building work undertaken to upgrade the cladding in several areas, while the roof, piles and structure all appear in good order.
The internal fit out is acceptable to student tenants, however a light renovation and painting would increase the rent in future years beyond normal expected rent rises. With tenant demand only increasing in recent times and the university set to increase capacity with new accommodation buildings for first year students, a small upgrade plan put in place will reap rewards.
Tenants love the short walk to campus in one direction, yet just blocks to town and the supermarket for everyday convenience in the other direction. New tenants have signed up to the flat at $660 per week for 2023 but securing now for your own children in 2024 and beyond would be a wise investment in this highly competitive flatting environment.
