16 Passmore Crescent,
Maori Hill, Dunedin
Deadline Sale (prior offers considered) 3 bedrooms 2 bathrooms 1 garage
Rarely does a property like this come to market - two well-appointed flats in one of Dunedin's most sought-after suburbs. Whether you're a property investor seeking a blue-chip real estate investment with a dual-income stream, an extended family buyer looking to live along with relatives, or looking for a home-and-income solution, this is a prime opportunity not to be missed.
The property is currently fully tenanted and returning approx. $930 per week from professional tenants, with scope to increase returns to $1,000 + per week (based on current rental appraisals). This is a proven performer with an excellent rental history. The professional tenant profile and this exceptional position in the heart of Maori Hill, ensures peace of mind for any property investor. This is the ultimate high-yielding property, good rental return with the prospect of strong capital gains too.
For owner-occupiers, this versatile property offers options galore: - Live in one flat and rent the other for ongoing income (short or long term)
- Co-living with extended family while enjoying privacy and independence.
- Secure a home in a blue-chip location with future upside.
The property comprises a large one-bedroom flat - 16A - to the front of the dwelling. This is in good condition but would benefit from a cosmetic renovation. The two-bedroom flat to the rear of the property is renovated with excellent kitchen and bathroom and 2 large bedrooms. Each flat has its own entrance and living space, providing ideal separation and flexibility. The layout caters perfectly to today's needs for multigenerational living, extra income, or pure investment. There is a single-garage and a small off-street parking space.
Set in sought-after Passmore Crescent in prestigious Māori Hill, you're just moments from top schools, cafes, parks, and the city. Properties offering this level of flexibility, income, and location are tightly held - and for good reason.
Contact us today for the full information pack and viewing times. Opportunities like this are rare. Don't miss out.
The property is currently fully tenanted and returning approx. $930 per week from professional tenants, with scope to increase returns to $1,000 + per week (based on current rental appraisals). This is a proven performer with an excellent rental history. The professional tenant profile and this exceptional position in the heart of Maori Hill, ensures peace of mind for any property investor. This is the ultimate high-yielding property, good rental return with the prospect of strong capital gains too.
For owner-occupiers, this versatile property offers options galore: - Live in one flat and rent the other for ongoing income (short or long term)
- Co-living with extended family while enjoying privacy and independence.
- Secure a home in a blue-chip location with future upside.
The property comprises a large one-bedroom flat - 16A - to the front of the dwelling. This is in good condition but would benefit from a cosmetic renovation. The two-bedroom flat to the rear of the property is renovated with excellent kitchen and bathroom and 2 large bedrooms. Each flat has its own entrance and living space, providing ideal separation and flexibility. The layout caters perfectly to today's needs for multigenerational living, extra income, or pure investment. There is a single-garage and a small off-street parking space.
Set in sought-after Passmore Crescent in prestigious Māori Hill, you're just moments from top schools, cafes, parks, and the city. Properties offering this level of flexibility, income, and location are tightly held - and for good reason.
Contact us today for the full information pack and viewing times. Opportunities like this are rare. Don't miss out.
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