Sold Dunedin Buyers Agency

Off-Market Student Investment for a Returning Buyers Agency Client

Queen Street, Dunedin

Deal won through Buyer’s Agency

We bought this one for a client.

Recently purchased through our Buyer’s Agency service, this property is an example of an off-market deal that worked well for my clients, returning to buy another student investment property in Dunedin.

My client’s investment brief was pretty clear. “Let me know when you find a student investment of similar quality, age, yield and location (outside of the hazard area) to my previous property.”

So, I started to chat to a few agents and property managers and as timing would have it, a property built by a well-regarded local developer was about to be prepared for market.

I quickly organised a viewing of the property, snapped a few photos and videos for my clients, and as they say, the rest is history.

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In the client’s words

Dean is an expert and highly trusted property buyer's agent who we can't recommend highly enough. Dean's skills and experience in property investing is matched by his professionalism and integrity.

He has steered us away from properties that haven't met the high standards he expects for us, and we have learned a lot working with him.

J and M, Auckland
A Buyer’s Agency client
Dunedin · sourced by Dean Horo
  • 8 Bedrooms
  • 3 Bathrooms
  • 2+ Car parking
  • 551 sqm Land area
  • Freehold Estate type

Description

This well-located and private 13-year-old property with 8 bedrooms and 3 bathrooms, tenanted by a lovely group of girls, was ideal and was actually built by the same developer as the previous property I had sourced for them.

A strong 7.5% gross yield with a further rent increase locked in for 2027 meant the property stacked up nicely and is very easy care.

Full due diligence was undertaken on the property, with only a couple of bits and pieces negotiated for the vendor to fix prior to settlement.

A very good outcome for all parties.

Property details

Bedrooms
8
Bathrooms
3
Car parking
2+
Floor area
214 sqm
Land area
551 sqm
Estate type
Freehold

Location