Sold Dunedin Buyers Agency

Great Location for a Dunedin Student Rental

Dundas Street, Dunedin

Deal won through Buyer’s Agency

We bought this one for a client.

Recently purchased through our Buyer’s Agency service, this purchase is a prime example of a smart student investment acquisition.

Initially, my client’s investment brief was for a multi-income investment property outside any hazard zones and with good yields and little or no reno required. After sharing a few recent sales, client deals and spending time up-skilling my clients around the unique Dunedin student investment market, they decided to also consider a standalone student investment property in their brief.

We also found on analysis, that quite often the yields from multi-incomes were not as attractive as first thought due to the much higher rates and insurance costs.

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In the client’s words

Dean was fantastic to work with throughout our property journey. He kept in regular contact, organised video calls when needed, and made the whole process feel seamless even from a distance. He really listened to our requirements and helped us secure a great deal with strong yield in Dunedin.

His advice was invaluable, especially when it came to negotiations and navigating interactions with other agents. Dean also went above and beyond by organising quotes and recommending trusted suppliers, which really streamlined everything for us.

As busy people, we genuinely don’t think we could have secured a property without his support. Highly recommend!
Alastair S
A Buyer’s Agency client
Dunedin · sourced by Dean Horo
  • 6 Bedrooms
  • 2 Bathrooms
  • 429m2 Land area
  • Freehold Estate type

Description

I was one of the first to view this property when advertised and shared it with my Premium Buyer clients. This property sat above the prevailing low-risk, flood hazard area but was very close to the Uni and the Polytech, met the client's budget and gross yield expectations and was slightly under-rented.

The property also offered future add-value: the potential to add two further bedrooms to the site, with it being in a medium-density zone. They may never do this, but it is an option for their future.

The thorough due diligence process did produce a couple of red flags that we worked through one by one. During the negotiation process, the vendor committed to completing some small upgrades/fixes on the property prior to the property settling, so great outcome for my clients.

During this time, we also managed to get a few future add-value projects quoted, eg, double glazing and a new north-facing deck, and my clients were able to take this into consideration before confirming.

A great outcome.

Property details

Bedrooms
6
Bathrooms
2
Floor area
150m2
Land area
429m2
Estate type
Freehold