Sold North Dunedin Buyers Agency

Student Add-Value Deal

Queen Street, North 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 a client jumping on an outstanding add-value project opportunity in the student precinct.

My client’s brief was to find a property in the wider student area, outside of the “melting pot” and hazard area with add-value potential through renovation or some other form of increasing both the yield and equity in the property.

Not an easy task with a budget of around $700,000 in the student area.

It was a unique treat for me to meet the client face-to-face, so we got the chance to spend some time driving around the area and nailing down the types of properties and streets that were going to be in scope to achieve the client’s brief.

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In the client’s words

We recently purchased a student rental property in North Dunedin with the help of Dean Horo and the team at iFindProperty, and we're very happy with both the process and the result.

The amount of work Dean put into the due diligence process was impressive.

Dean's knowledge of the Dunedin market was excellent, but what really stood out was his ability to see opportunities that others missed.

We'd happily recommend Dean and iFindProperty to anyone looking for an investment property and wanting someone who can uncover opportunities that aren't obvious to the wider market.

Matt - Auckland

We recently purchased a student rental property in North Dunedin with the help of Dean Horo and the team at iFindProperty, and we're very happy with both the process and the result.

Dean's knowledge of the Dunedin market was excellent, but what really stood out was his ability to see opportunities that others missed. The property we purchased had development potential that neither we nor several other people who had looked at the property had identified. Dean recognised the opportunity, worked through the numbers with us, and gave us the confidence to move forward.

The amount of work Dean put into the due diligence process was impressive. He organised and attended multiple inspections on our behalf, investigated key aspects of the property, and even arranged for a builder to inspect the property and confirm the feasibility of the development opportunity. Having someone on the ground to coordinate all of this saved us a huge amount of time and gave us confidence that we were making a well-informed decision.

Throughout the process, Dean was easy to deal with, responsive, and thorough. As investors buying from outside Dunedin, having someone who could provide honest advice, local knowledge, and practical support was incredibly valuable.

We genuinely feel that Dean helped us secure a property with significantly more upside than we would have found on our own. We'd happily recommend Dean and iFindProperty to anyone looking for an investment property and wanting someone who can uncover opportunities that aren't obvious to the wider market.

Matt - Auckland

A Buyer’s Agency client
North Dunedin · sourced by Dean Horo
  • 4 Bedrooms
  • 1 Bathrooms
  • 501 sqm Land area
  • Freehold Estate type

Description

After some early interest in a property in North East Valley, close to the main shopping area, I introduced my client to a property that had been on the market for some time but had been overpriced.

The property rented for $840pw for 2026, and after some negotiating, my client secured the property for $585,000, 7.5% Gross yield, which in itself is very good in this popular area for 3rd and 4th year student groups to reside.

The kicker for this property was identifying the opportunity to add value through changing the layout from a 4-bed to a 6 or possibly 7-bedroom, 2-bathroom property without increasing the footprint of the property.

The Building Report was very solid for a property of its age, and after consulting an independent Builder during the due diligence period, the concept to add value to the property was confirmed as being reasonably straight forward with no “barbs” identified. With this knowledge, my client went unconditional on the property and has started to plan to reno the property in time for the new student group in 2028 to enjoy.

A really solid student add-value project.

Property details

Bedrooms
4
Bathrooms
1
Floor area
170 sqm
Land area
501 sqm
Estate type
Freehold

Location