Some properties make sense as a home. Others make sense as an investment.
15 Knox Street does both.
Built only around 18 months ago and finished to an impressive standard, this striking five-bedroom home combines modern design, strong income and genuine long-term flexibility.
The location is a major part of the appeal. Positioned in a consistently sought-after part of North East Valley, the property sits literally moments from the Dunedin Botanic Garden and New World Gardens, with everyday shopping, public transport, the university precinct and the city all within easy reach.
Currently returning $1,720 per week — $89,440 per annum — with a fixed-term tenancy through to 31 December 2027, the numbers are already working from day one.
Inside, the quality is immediately apparent. The home has been purpose-designed for modern living, with generous bedrooms, extensive built-in cabinetry, dedicated study areas and contemporary finishes throughout. Several rooms enjoy their own heat pumps, while high ceilings and carefully positioned windows create a real sense of light and space.
The heart of the home is the substantial open-plan kitchen and dining area. A large island bench, excellent storage, modern appliances and clean architectural lines make this a space that works equally well for everyday living or shared accommodation.
From here, large doors open directly onto an expansive timber deck and private lawn, creating an easy indoor-outdoor connection and a fantastic space for entertaining, relaxing or enjoying the sun.
With multiple modern bathrooms, excellent bedroom separation and a layout that has clearly been designed with functionality in mind, this is far more than a standard investment property.
The opportunity is in the flexibility.
Hold it as a high-performing rental, with the security of a fixed tenancy already in place. Explore its potential for future short-stay or Airbnb-style accommodation, subject to the relevant requirements. Or secure it now as an investment with the option to make it your own home once the tenancy allows.
For an investor, the proposition is compelling: near-new construction, $89,440 annual rental income, a tenancy secured through 2027 and a high-demand location right beside the Botanic Garden and New World Gardens.
For a future owner-occupier, it offers the chance to buy a high-quality contemporary home today while benefiting from strong rental income in the meantime.
Five bedrooms. Modern design. Exceptional income. Premium location. Future flexibility.
15 Knox Street is the kind of property that gives you options — and that’s what makes it stand out.
*** Prior Offers Considered ***
Public Download Link: https://www.ganeshrout.co.nz/current-listings/15-knox-street-north-east-valley-dunedin
