+20

Pictures20

Floorplan

Map

Video & 3D tour

334 Dee Street, Avenal, Invercargill City

$2,400,000

1,120m²

2,743m²

Investors, this 12 unit block is for you!

A rare opportunity here to own an iconic Invercargill landmark with a considerable income.

The property comprises of 12 units: 2 x 3 bedrooms, 6 x 2 bedrooms and 4 x 1 bedrooms plus a number of onsite garages, situated on a significant 2740m2 (more or less) level site and covering massive 1120m2 (more or less) of building area.

Located at 334 Dee Street it is close to the CBD, restaurants, bars, schools, supermarkets and shopping.

All the units are in tidy condition with some having recently been updated. Heat pumps are installed in each unit.

This is a rarely available asset in a sought after area.

Invercargill is favourite amongst seasoned investors, here's why:

• Highly resilient property market - featured as top NZ region for lowest value decline over past 18 months and again featured as top NZ region for growth in mid 2023 (source Realestate.co.nz).

• Impressive economic growth - constantly surpassing average NZ GDP growth.

• Lower cost of living - 24% less than national average (source Statistics NZ).

• Affordable entry point - for now, lower prices and higher yields to be had.

• Growing population and demand - 6.3% over last 5 years due to cost of living and a thriving economy (source Statistics NZ).

• Infrastructure and development - $180M city block upgrade, $65M museum upgrade, $50M data centre, multiple upmarket hotels (source ICC).

Be part of the success story while you can, contact Tina today for an info pack including current rental breakdown.

Additional details

Type

House

Property ID

L30158249

Listed on

20/08/2024

Updated

8 days ago

Data

Property insights

OneRoof estimateRating valuationProperty history

Rating valuation

Property data

Broadband available

Floor area

1,120m²

Land area

2,743m²

Type of title

Freehold

About the area

Market insights

Insights for all bedroom homes in Avenal

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

$64,646.40

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.

Avenal, Invercargill City

Avenal is a suburb which lies within the Territorial Authority of Invercargill, one of 36 residential suburbs which form the wider region. Avenal is the 17th largest suburb of Invercargill in terms of the total number of residential housing stock. Avenal provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1900 - 1909. The majority of the residential housing stock in the locality was constructed between 1930 - 1939. Residential housing stock in Avenal is made up of approximately 94% residential housing and 6% residential investment housing properties.

Learn more