Three flats, one smart investment
Positioned in the affluent suburb of Belleknowes, 57 Preston Crescent presents an exciting opportunity for investors looking to grow their portfolio or take their first step into property investment.
Purpose-built over two levels as three self-contained one-bedroom flats, this well-maintained property currently returns $1,015 per week and has a strong rental history. With the fundamentals in place, the new owner can renovate and modernise the flats to a higher standard, potentially increasing rental returns over time.
The tenants enjoy the quiet surroundings, convenient access to Mornington Shopping Village and public transport, while Dunedin's CBD is just a five-minute drive away. Each flat has its own laundry, with shared use of the grounds and clotheslines for added convenience.
Positioned on a corner site, the property enjoys excellent sun, while the current owners have taken pride in maintaining the home, lawn and hedges, making this an appealing, established investment.
Whether you're expanding your portfolio or starting your investment journey, this is an opportunity worth exploring.
Purpose-built over two levels as three self-contained one-bedroom flats, this well-maintained property currently returns $1,015 per week and has a strong rental history. With the fundamentals in place, the new owner can renovate and modernise the flats to a higher standard, potentially increasing rental returns over time.
The tenants enjoy the quiet surroundings, convenient access to Mornington Shopping Village and public transport, while Dunedin's CBD is just a five-minute drive away. Each flat has its own laundry, with shared use of the grounds and clotheslines for added convenience.
Positioned on a corner site, the property enjoys excellent sun, while the current owners have taken pride in maintaining the home, lawn and hedges, making this an appealing, established investment.
Whether you're expanding your portfolio or starting your investment journey, this is an opportunity worth exploring.
Key features
Investment
A great location to secure an investment with a strong rental history.
Local amenities
Close to Countdown supermarket and shopping village. Public transport is nearby.
Potential
The home is very tidy, but with a top location, there is potential to add value by renovating, and raise the rents.
