377 & 377A South Road Caversham, Dunedin City

Positioned in a highly convenient location, 377 South Road presents an outstanding opportunity for investors seeking immediate rental income with future upside.

The property has been configured into two self-contained one-bedroom flats, each offering comfortable, low-maintenance living.
Both flats feature:-
One double bedroom
Functional kitchen
Separate lounge
Bathroom
Laundry facilities
Heat pump for year-round comfort
Private, easy-care outdoor space

Flat 377 is currently rented at $280 per week, while Flat 377A returns $310 per week, providing a combined rental income of $590 per week.

The rear flat, 377A, benefits from off-street parking accessed via Morrison Street, adding further appeal for tenants.

Located within walking distance to local shops, services, public transport and everyday amenities, this is a property that continues to attract strong tenant demand.

Adding to its appeal is the potential for future development, particularly when considered alongside the neighbouring property currently for sale at 8 Morrison Street, creating exciting possibilities for investors, developers or land bankers looking to maximise the site's potential.

Whether you're looking to expand your investment portfolio, secure a dual-income property or explore future development opportunities, 377 South Road is a property worthy of serious consideration.

Current Rental Income: $590 per week
Two Self-Contained Flats
Low-Maintenance Living
Excellent Location
Development Potential

Please note, editing has been used on the photos.