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385 South Road, Caversham, Otago, 3 Bedrooms, 2 Bathrooms, House

Enquiries Over $539,000

385 South Road, Caversham, Otago

3
2
1
440m2
HouseListed on Fri Dec 6

Caversham 3 Bedroom Dual-Income Opportunity

This versatile property offers a unique opportunity to secure a tidy, well-maintained home that has been thoughtfully converted into two self-contained flats (Front Flat 2 bedrooms plus Sunroom, Rear Flat 1 Bedroom).

Ideal for those seeking an income-generating investment or a home with additional rental potential, this property provides options galore.

The rear flat is currently rented, providing a reliable stream of income, while the other has recently become vacant, presenting the perfect chance for an owner-occupier to move in and enjoy the benefits of extra earnings.

Set on a sunny, elevated site, this property boasts individual outdoor areas for each flat, offering private spaces to relax, garden, or entertain. The single garage at street level adds convenience, with additional off-street parking potential.

Photos are only of one of the flats as the other one is currently tenanted and was unavailable prior to marketing photos being taken.

Both flats are presented in very tidy condition, ready to accommodate tenants or new owners without delay. Whether you're looking for a smart investment or a home that practically pays for itself, this property is a fantastic opportunity to make your financial and lifestyle goals a reality.

Contact us today to arrange a viewing and explore all the possibilities this unique property has to offer!

Location

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Council Data

View typeNo appreciable view
ContourEasy/Moderate rise
Land area440m²
Floor area130m²
Decade of construction1900
TitleOT275/220
Type of titleFreehold
Legal descriptionLOT 4 DP BLK I 1479
CouncilDunedin
Estate descriptionFSIM,1/1,LOT 4 BLOCK I DEPOSITED PLAN 1479,440m2
ConstructionExternal Walls: Wood
Roof: Iron
ConditionExternal Walls: Average
Roof: Fair

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Kings High School (Dunedin)
1.69 km
Secondary
9-15
Government
Single Sex-Boys
EQI: 457
7
Trinity Catholic College
4.26 km
Secondary
7-15
Government
Co-Educational
EQI: 429
8
St Hildas Collegiate
5.16 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 382
10
Columba College
5.28 km
Combined
1-13
Government
Co-Educational
EQI: 390
10
John McGlashan College
6.19 km
Secondary
7-15
Government
Single Sex-Boys
EQI: 386
10
Liberton Christian School
7.45 km
Primary
1-8
Government
Co-Educational
EQI: 391
7
Dunedin Rudolf Steiner School
9.01 km
Primary
1-8
Government
Co-Educational
EQI: 420
9

Property history

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Surrounding facilities

South Road Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
15 Murray Street, Caversham
0.53 km
3
1
-m2
Year 2025 Month 01 Day 24
-
Council approved
9 Ballance Street, Caversham
0.31 km
2
1
55m2
Year 2024 Month 11 Day 11
$425,000
Council approved
26 Sidey Street, Calton Hill
0.22 km
3
1
-m2
Year 2024 Month 10 Day 01
-
Council approved
70 Playfair Street, Caversham
0.41 km
3
1
-m2
Year 2024 Month 09 Day 27
-
Council approved
7 Laing Street
0.19 km
3
1
80m2
Year 2024 Month 09 Day 25
-
Council approved

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Ref:3P4DGDSLast update:2025-01-22 11:16:12