59 & 59A Grange Street,
North Dunedin, Dunedin
Deadline Sale (prior offers considered) 6 bedrooms 2 bathrooms
If you're an investor searching for one of the strongest rental yields in the country, in a location where demand is consistent and enduring, this is a property you need to see.
Welcome to 59 and 59A Grange Street, North Dunedin. A high performing, blue chip university investment right in the heart of Dunedin's student precinct.
Just a three minute walk to the University campus and main library, this premium walk to everything location delivers reliable, year after year demand from mature, high quality university students. This is the kind of address investors actively seek out and tend to hold onto.
What really sets this property apart is its dual income setup.
Two single level, solid brick, three bedroom flats on one freehold title offer six bedrooms in total and a genuine two stream income. This spreads risk and strengthens overall cashflow. Fully let for 2026 at a gross rental income of $1380 per week/$71,760 per annum. Please note, power (at a capped rate) and internet are included in the tenant's rent.
From a management point of view, it doesn't get much easier. Built in the 1960s with durable brick construction, both units are single level, fully double glazed, and fitted with heat pumps. There are no lawns or gardens and the exterior is extremely low maintenance, making this a true set and forget investment.
This proven formula has delivered reliable performance for years, attracting stable, longer term tenants and reducing many of the usual challenges that come with student rentals.
Whether you're a seasoned portfolio builder, a hands off investor, or a parent planning ahead, 59 and 59A Grange Street offers flexibility, resilience, and excellent income performance in one of Dunedin's most sought after investment locations.
Get in touch today to arrange an early private or virtual inspection, or we'll see you at one of the open homes.
Deadline Sale - closes 4pm Wednesday 4th February 2026 - (prior offers considered)
Welcome to 59 and 59A Grange Street, North Dunedin. A high performing, blue chip university investment right in the heart of Dunedin's student precinct.
Just a three minute walk to the University campus and main library, this premium walk to everything location delivers reliable, year after year demand from mature, high quality university students. This is the kind of address investors actively seek out and tend to hold onto.
What really sets this property apart is its dual income setup.
Two single level, solid brick, three bedroom flats on one freehold title offer six bedrooms in total and a genuine two stream income. This spreads risk and strengthens overall cashflow. Fully let for 2026 at a gross rental income of $1380 per week/$71,760 per annum. Please note, power (at a capped rate) and internet are included in the tenant's rent.
From a management point of view, it doesn't get much easier. Built in the 1960s with durable brick construction, both units are single level, fully double glazed, and fitted with heat pumps. There are no lawns or gardens and the exterior is extremely low maintenance, making this a true set and forget investment.
This proven formula has delivered reliable performance for years, attracting stable, longer term tenants and reducing many of the usual challenges that come with student rentals.
Whether you're a seasoned portfolio builder, a hands off investor, or a parent planning ahead, 59 and 59A Grange Street offers flexibility, resilience, and excellent income performance in one of Dunedin's most sought after investment locations.
Get in touch today to arrange an early private or virtual inspection, or we'll see you at one of the open homes.
Deadline Sale - closes 4pm Wednesday 4th February 2026 - (prior offers considered)
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