62 Russell Street, Dunedin Central, Dunedin City

Situated in a high-demand pocket of Russell Street, this property offers a strategic entry point for buyers looking to secure a footprint in a neighborhood undergoing active rejuvenation. With a new cafe currently under development at the end of the street, the area is increasingly popular with a diverse demographic, including young professionals, students, and mature tenants.

Internal Layout

The home retains a practical, traditional floor plan that is characteristic of the era. While the property is in original condition and would benefit from cosmetic upgrades, the fundamental layout is functional.

Accommodation: Three well-proportioned double bedrooms.

Living: A central lounge featuring double doors that face the rear of the property.

Kitchen & Service: The kitchen has been updated with modern flooring but remains basic in its configuration. The laundry is integrated within the kitchen space, and the bathroom is positioned at the rear of the home.

Site & Investment Profile

The property sits on a flat, level section that requires minimal maintenance, making it well-suited for a rental portfolio or a first-home project.

Current Tenancy: The property is currently occupied by reliable tenants, returning $400 per week.

Land Value: The flat nature of the site provides clear scope for future redevelopment or modernization to increase capital value.

Location: The street’s central position ensures consistent rental demand and long-term appeal as the surrounding infrastructure continues to improve.