Sold
377 & 377A South Road,
Caversham, Dunedin City
NZD 424,000
Property details
-
Agents
Ray White Dunedin: Proven Realty Limited Licensed (REAA 2008)
12 Wharf Street, Dunedin Central Dunedin City 9016
-
Chattels
- Stove
- Rangehood
- Extractor Fan
- Light Fittings
- Floor Covers
- Drapes
Dual-Income Investment with Development Potential
Positioned in a highly convenient location, 377 South Road presents an outstanding opportunity for investors seeking immediate rental income with future upside.
The property has been configured into two self-contained one-bedroom flats, each offering comfortable, low-maintenance living.
Both flats feature:-
One double bedroom
Functional kitchen
Separate lounge
Bathroom
Laundry facilities
Heat pump for year-round comfort
Private, easy-care outdoor space
Flat 377 is currently rented at $280 per week, while Flat 377A returns $310 per week, providing a combined rental income of $590 per week.
The rear flat, 377A, benefits from off-street parking accessed via Morrison Street, adding further appeal for tenants.
Located within walking distance to local shops, services, public transport and everyday amenities, this is a property that continues to attract strong tenant demand.
Adding to its appeal is the potential for future development, particularly when considered alongside the neighbouring property currently for sale at 8 Morrison Street, creating exciting possibilities for investors, developers or land bankers looking to maximise the site's potential.
Whether you're looking to expand your investment portfolio, secure a dual-income property or explore future development opportunities, 377 South Road is a property worthy of serious consideration.
Current Rental Income: $590 per week
Two Self-Contained Flats
Low-Maintenance Living
Excellent Location
Development Potential
Please note, editing has been used on the photos.
The property has been configured into two self-contained one-bedroom flats, each offering comfortable, low-maintenance living.
Both flats feature:-
One double bedroom
Functional kitchen
Separate lounge
Bathroom
Laundry facilities
Heat pump for year-round comfort
Private, easy-care outdoor space
Flat 377 is currently rented at $280 per week, while Flat 377A returns $310 per week, providing a combined rental income of $590 per week.
The rear flat, 377A, benefits from off-street parking accessed via Morrison Street, adding further appeal for tenants.
Located within walking distance to local shops, services, public transport and everyday amenities, this is a property that continues to attract strong tenant demand.
Adding to its appeal is the potential for future development, particularly when considered alongside the neighbouring property currently for sale at 8 Morrison Street, creating exciting possibilities for investors, developers or land bankers looking to maximise the site's potential.
Whether you're looking to expand your investment portfolio, secure a dual-income property or explore future development opportunities, 377 South Road is a property worthy of serious consideration.
Current Rental Income: $590 per week
Two Self-Contained Flats
Low-Maintenance Living
Excellent Location
Development Potential
Please note, editing has been used on the photos.
Explore the area
School catchments
- Carisbrook School Full primary Years 1-8 State 0.57km
- St Bernadette's School (Forbury) Primary Years 1-6 State integrated 0.71km
- St Francis Xavier School (Mornington) Primary Years 1-6 State integrated 0.80km
- Balaclava School Primary Years 1-6 State 1.1km
- Bathgate Park School Full primary Years 1-8 State 1.3km
- Queen's High School Secondary Years 9-15 State 1.4km
- Mornington School Primary Years 1-6 State 1.5km
- Kings High School (Dunedin) Secondary Years 9-15 State 1.6km
- Kaikorai Valley College Secondary Years 7-15 State 1.8km
- St Clair School Primary Years 1-6 State 1.8km
- Concord School Primary Years 1-6 State 1.9km
- Bradford School Primary Years 1-6 State 2.3km
- St Joseph's Cathedral School Primary Years 1-6 State integrated 2.8km
- Otago Girls' High School Secondary Years 9-15 State 2.9km
- Trinity Catholic College Secondary Years 7-15 State integrated 2.9km
- Arthur Street School Full primary Years 1-8 State 3.0km
- Musselburgh School Primary Years 1-6 State 3.1km
- Otago Boys' High School Secondary Years 9-15 State 3.2km
- Tahuna Normal Intermediate Intermediate Years 7-8 State 3.3km
- Brockville School Full primary Years 1-8 State 3.4km
- Kaikorai School Primary Years 1-6 State 3.6km
- Bayfield High School Secondary Years 9-15 State 3.6km
- St Hildas Collegiate Secondary Years 7-15 State integrated 3.8km
- Columba College Composite Years 1-15 State integrated 3.9km
- John McGlashan College Secondary Years 7-15 State integrated 4.8km
- Te Kura Kaupapa Māori o Te Rau Toroa Composite Years 1-15 State 5.2km
- Logan Park High School Secondary Years 9-15 State 5.5km
- Amana Christian School Composite Years 1-15 Private 9.6km
- Taieri College Secondary Years 7-15 State 10.0km
- Tokomairiro High School Secondary Years 7-15 State 46.2km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
Find out how much home loan repayments will be
It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.
Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.
Photos
Floorplan
Contact Alana Carroll
Contact Alana Carroll
Alana Carroll
377 & 377A South Road, Caversham 9011
Request a callback
Alana Carroll
377 & 377A South Road, Caversham 9011