63 Law Street, Caversham, Dunedin

Proven performance with future opportunity

This well-maintained six-bedroom property presents a compelling opportunity for investors seeking reliable income, long-term tenant stability and future upside.

The property is tenanted with long-standing occupants who have been in place since 2014 and are keen to remain, providing immediate continuity. Currently returning $715 per week, income is secured from day one of settlement. Zoned General Residential 2, the site also offers potential for future redevelopment, subject to Council approval.

Purpose-designed to support accessibility needs, the home comprises six bedrooms, two wet-floor bathrooms and an additional third toilet. A generous open-plan kitchen, living and dining area is well suited to shared living arrangements. Outdoors, the private fully fenced backyard includes a patio and ramp access, while wide off-street parking for two vehicles adds further practicality.

This is a proven investment offering certainty of income, established tenants and long-term holding appeal.

Land size: 608 sqm (+/-)
Current rent : $715 per week
DCC rates: $ 3897.57
ORC rates: $ 450.61

Contact us to receive the full information pack, including the DCC LIM report, Healthy Homes compliance statement and further supporting documentation.

Deadline closes 2pm on Wednesday, 11th Feb 2026 (prior offers considered)