What school zones is this property in?

State school zoning covers primary through secondary education, including Mornington School, Balmacewen Intermediate, and Otago Girls' High School. State-integrated options with enrolment zones covering this address include Trinity Catholic College, Columba College, St Hildas Collegiate, and John McGlashan College, which offers the IB Diploma; enrolment at each requires meeting its preference criteria.

What is the sales history of this property?

This property has no recorded past sales on file and was newly brought to market in October 2026. Current page records track only this single listing event.

What are the CV and land details?

The property has a 2025 government CV of $620,000, with land value accounting for $380,000. It is held under a freehold title on a steeply sloping 550m² section, featuring a 1900-era dwelling of wood construction with iron roofing.

What transport and amenities are nearby?

Local parks and recreation are within easy walking reach, with Mornington Park about a 7-minute walk and Jubilee Park about an 8-minute walk away. Belleknowes Golf Course is roughly an 8-minute walk, while regional transit links include Dunedin Train Station at about 2.21km.

What is the neighbourhood like?

The Preston Crescent neighbourhood has a median CV of around $680,000, with most homes concentrated in the $500,000 to $1 million price band. The area is dominated by 3- and 4-bedroom layouts, and all 48 recorded residential properties are held under freehold tenure.

Exterior - 57 Preston Crescent, Belleknowes, Dunedin City, Otago

Living room - 57 Preston Crescent, Belleknowes, Dunedin City, Otago

Living area

Kitchen

Bedroom - 57 Preston Crescent, Belleknowes, Dunedin City, Otago

Beds

New

Deadline Treaty

57 Preston Crescent, Belleknowes, Dunedin City, Otago

CV$620K

3Beds

3Baths

150m²Floor area

Key Facts

Type of titleFreehold

Property TypeResidential - Rental (dwelling converted to flats)

Land area550m²

Floor area150m²

Decade of construction1900

ConstructionExternal Walls: Wood Roof: Iron

Building ConditionExternal Walls: Average Roof: Average

Time on the marketYesterday

Belleknowes 3 Bedroom Three flats, one smart investment

HouseListed Yesterday

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.

Property highlights

Three Self-Contained Flats
Purpose-built over two levels, three one-bedroom units, returning $1,015 per week.
550sqm Freehold Corner Site
550sqm freehold land area, corner position with two street frontages, established lawns and hedges.
Prime Belleknowes Location
Minutes from Mornington Shopping Village and public transport, five-minute drive to Dunedin CBD.