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57 Preston Crescent, Belleknowes, Dunedin City

For Sale by Deadline Private Treaty

3

150m²

550m²

Three flats, one smart investment

Positioned in the affluent suburb of Belleknowes, 57 Preston Crescent presents an exciting opportunity for investors looking to grow their portfolio or take their first step into property investment.

Purpose-built over two levels as three self-contained one-bedroom flats, this well-maintained property currently returns $1,015 per week and has a strong rental history. With the fundamentals in place, the new owner can renovate and modernise the flats to a higher standard, potentially increasing rental returns over time.

The tenants enjoy the quiet surroundings, convenient access to Mornington Shopping Village and public transport, while Dunedin’s CBD is just a five-minute drive away. Each flat has its own laundry, with shared use of the grounds and clotheslines for added convenience.

Positioned on a corner site, the property enjoys excellent sun, while the current owners have taken pride in maintaining the home, lawn and hedges, making this an appealing, established investment.

Whether you're expanding your portfolio or starting your investment journey, this is an opportunity worth exploring.

Additional details

Type

House

Property ID

4604163

Listed on

30/10/2026

Updated

30/10/2026

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OneRoof mentions

Listed for sale on OneRoof for 6 days (last updated on 30 October) and was last sold in 2018 for $506,500. Its latest rating valuation by Dunedin City council is $620,000 as of 2025. There are 8 3-bedroom properties for sale nearby. There are 15 properties for sale in Belleknowes.

Property data

On OneRoof

5 days

Property Type

House

Floor Area

150m²

Land Area

550m²

About the area

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Time (yrs)

5 yrs

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Belleknowes, Dunedin City

Belleknowes is a suburb which lies within the Territorial Authority of Dunedin, one of 97 residential suburbs which form the wider region. Belleknowes is the 18th largest suburb of Dunedin in terms of the total number of residential housing stock. Belleknowes provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1880 - 1889. The majority of the residential housing stock in the locality was constructed between 1900 - 1909. Residential housing stock in Belleknowes is made up of approximately 97% residential housing and 2% residential investment housing properties.

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