Floorplan

Video tour

+35

Pictures35

Floorplan1

Map

Video & 3D tour1

74 Heriot Row, Dunedin North, Dunedin City

Asking Price $1,195,000

Multiple Flat Investment - 8.7% return

This large, three flat property has been a consistent high cash flow performer and is now ready for the next phase in its life.

The three flats consist of a 5-bedroom, a 4-bedroom and a 2-bedroom flat, signed under fixed tenancies for 2024 for $2,000 per week returning approximately 8.7% gross return against the asking price. Refurbishments to the property could lift the rent further and in this high tenant demand market, buyers can take confidence with the project.

Sitting high above the University campus, the views are spectacular and allows the new owner to create something special. An upgrade plan would allow for further rent growth, or conversely with no heritage elements on the property, the site could be developed into new units similar to the neighbouring properties.

Email us an enquiry to receive a full Matt Morton & Co Information Memorandum and additional property documentation including LIM, electrical reports, floor layouts and 3D Virtual Tours.

Viewings are by private appointment only with our Broker.

Additional details

Type

House

Property ID

622fbecf-6c71-4ec9-bcb6-3c2a3a95cc91

Listed on

30/05/2023

Updated

01/02/2024

Data

Property insights

OneRoof estimateRating valuationProperty history

Rating valuation

Property data

Broadband available

Floor area

350m²

Land area

511m²

Type of title

Freehold

About the area

Market insights

Insights for all bedroom homes in Dunedin North

Property type

All property types

Bedrooms

All

Time (yrs)

5 yrs

Home services

Mortgage calculator

Fortnightly Repayments

Loan term

Total interest

Interest rate

Total cost

Press calculate to work out your mortgage repayments and how quickly you can pay off your loan.

Flooring

Total estimated cost is flooring

$20,202.00

This estimate is fully inclusive of carpet, underlay, accessories and installation but excludes travel and floor preparation, if required.

Book now for a personalised consult

Home Improvements Loan calculatorNEW

Solar Savings calculatorNEW

AMI House InsuranceNEW

On your side with these great benefits

Natural disaster cover for earthquakes, natural landslips, hydrothermal activity, tsunami, natural fires, & volcanic activity.

Temporary accommodation for you, your family, and your pets if you need to be evacuated from your home.

Get replacement keys and locks if yours get lost or stolen and pay no excess.

Access to AMI HomeHub, our first-class home repairer that brings together a team of experts to take care of your home claim repairs from start to finish.

Learn about these great benefits and more

*Exclusions and limitations apply. Talk to us about these or refer to the full policy document which can be found on our website.

North Dunedin, Dunedin City

North Dunedin is a suburb which lies within the Territorial Authority of Dunedin, one of 97 residential suburbs which form the wider region. North Dunedin is the 5th largest suburb of Dunedin in terms of the total number of residential housing stock. North Dunedin provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1880 - 1889. The majority of the residential housing stock in the locality was constructed between 1990 - 1999. Residential housing stock in North Dunedin is made up of approximately 68% residential housing and 32% residential investment housing properties.

Learn more