107A Stafford Street, Dunedin Central, Otago

Positioned just a short stroll from town, this tastefully renovated character home offers an exceptional investment opportunity with multiple income streams. Whether you’re looking for a home and income setup, a dual-income rental, or to continue its current use—with a fixed-term tenant in the rear flat and the front flat thriving as a popular Airbnb—this property delivers flexibility and solid returns.

The front unit has been fully renovated to a high standard, blending modern comforts with timeless character features. The stylish, contemporary kitchen boasts quality appliances, sleek cabinetry, and ample bench space, making it both functional and inviting. The fully refurbished bathroom is fresh and modern, complemented by quality tiling and underfloor heating. The home retains its classic charm with polished timber floors, decorative ceilings, and detailed woodwork throughout. Its versatile layout offers the option of three bedrooms with a separate kitchen and dining area, or it can be configured as a spacious two-bedroom with a generous living room.

The rear flat is a fully self-contained one-bedroom unit featuring an open-plan kitchen, dining, and living area, filled with natural light. The renovated bathroom mirrors the front unit’s quality, complete with tiled finishes and underfloor heating. A separate entrance ensures privacy for both occupants.

Constructed in durable brick, this property offers low-maintenance longevity. Adding to its appeal is a huge basement with development potential, providing an excellent opportunity for investors to further enhance value.

With a strong rental history, this property has been a reliable cash-flow performer for the current owners. It boasts a projected income of $66,300 p.a., with the potential to increase through Airbnb optimisation or by adjusting rental configurations.

This is a rare chance to secure a versatile, income-generating property in a sought-after location—close to cafes, shops, and public transport. Whether you're an investor, a homeowner looking to offset your mortgage, or a savvy buyer seeking flexible living options, this property ticks all the boxes.

Viewing by Appointment Only.

TO DOWNLOAD THE PROPERTY PACK, GO TO: https://www.bradleylee.co.nz/current-listings/107a-stafford-street