B/23 Fea Street

Modern Cashflow Investment

Nestled in the leafy surrounds of Dalmore, this six-bedroom flat offers all the cosy nuances of modern accommodation that young tenants, particularly students, love to secure for the studying year.

Constructed just four years ago in 2020, the property delivers six bedrooms, all with built in wardrobes, two bathrooms with integrated laundries and a very large, spacious living / dining room opening to the galley style kitchen. With ample room for the tenants to spread out, and all the insulation and warmth a modern building delivers, tenants will feel extremely comfortable in this flat.

Dalmore is a neighbouring suburb to the University campus and tends to attract not just quieter students in their latter years of study, but also younger workers at the start of their careers. The suburb mainly enjoys owner occupied homes as it is quieter than the inner-city locations, yet only a few minutes drive to the heart of campus.

The rental appraisal for a joint and several tenancy for 2025 is $1,140 - $1,200 per week, potentially offering returns in high 7% range for a minimum hassle building. Owners can set their rents or use for their own children while studying at Otago.

Send an online enquiry to receive a full Matt Morton & Co Information Memorandum and additional property documentation.

Please contact me for a further discussion or to arrange a viewing appointment once the information has been reviewed.