Renovated. Rented. High-Yield Investment.

<p>A substantial six-bedroom, three-bathroom investment, extensively renovated to a high standard and already secured with long-term tenants.<br />The property is currently returning $1,260 per week, increasing to $1,320 per week from 1 January 2027, with the tenancy secured through to 31 December 2027. From January 2027, this equates to an impressive $68,640 gross annual rental income.<br />The main residence provides five generous bedrooms and two modern bathrooms, while the separate sleepout adds a sixth bedroom and third bathroom, delivering excellent flexibility for larger tenant groups.<br />At the heart of the property is a spacious open-plan kitchen, dining and living zone. Skylights bring in plenty of natural light, while the contemporary kitchen, stainless-steel benchtops and excellent indoor-outdoor connection give the home a level of finish well above the typical investment property. Sliding doors open to a private courtyard, creating valuable additional living space for tenants.<br /><br />Investment Highlights:<br /><br />** 6 bedrooms in total<br />** 3 modern bathrooms<br />** Currently rented at $1,260 per week<br />** Rent increasing to $1,320 per week from 1 January 2027<br />** $68,640 gross annual income<br />** Tenanted through to 31 December 2027<br />** Current tenants have indicated interest in staying beyond the existing term<br />** Healthy Homes compliant<br />** Fully double glazed throughout<br />** New weatherboard cladding around the home<br />** Multiple heat pumps for year-round comfort<br />** Comprehensive renovation completed to a high standard<br />** Modern kitchen with stainless-steel benchtops<br />** Spacious open-plan kitchen, dining and living<br />** Private courtyard and outdoor living<br />** Custom-made fretwork to the veranda<br />** Traditional picket fencing<br />** Off-street parking for three vehicles<br />** Strong tenant appeal with the hard work already completed<br /><br />The renovation has been approached with both presentation and longevity in mind. Modern bathrooms, updated interiors, durable finishes, full double glazing and new weatherboard cladding combine to create a property designed to perform as an investment while minimising the immediate need for further capital expenditure.<br />This is not simply a high-yielding rental. It is a well-established investment where the renovation is complete, the tenants are in place and the income begins from day one.<br />For investors looking for a substantial Dunedin property without taking on another renovation project, this deserves serious attention.<br /><br />*** Prior Offers Considered ***<br /><br />Public Download Link: https://www.ganeshrout.co.nz/current-listings/48-gladstone-road-north-east-valley-dunedin-9010</p>