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317 High Street, City Centre, Dunedin City

$1,250,000

5

4

260m²

259m²

Heritage Investment - 3 Apartments - 7.78%

Heritage Inner City Investment - 3 Apartments - 7.78% Gross Return (approx.)

Situated on High Street, very accessible to the CBD, this charming heritage property is a quality opportunity for those investors seeking strong returns, while equally offering an opportunity for those who wish see benefit in a 'Home & Income' type property (pending current lease terms, etc.).

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Apartment A - A compact 1 double bedroom, 1 bath, 1 living apartment - currently rented for $480 per week.

Apartment B - A compact 1 double bedroom, 1 bath, 1 living apartment - currently rented for $490 per week.

Apartment C - 'The Jewel in the Crown' - is a well appointed 3 bedroom, 2 bathroom, 2 living area apartment. The ground level offers a living/dining/kitchen area - full of character with exposed brick. Also on this level, are a converted garage offering storage, and bath & laundry facilities. Up the beautiful wooden stair case, are an additional living area (which may also suit as a bedroom), a further two bedrooms, a bathroom, and access to the balcony overlooking the street. This is currently rented for $900 per week.

The property has been very well maintained, the vast majority of the windows throughout are double glazed, so inspection will impress.

Independent Building Reports & Electrical Reports, by reputable professional companies, are available for qualified parties to view.

Currently generating $1,870 per week - representing an approx. 7.78% gross return.

Inspections strictly by appointment only. Contact the nominated brokers for more information.

Additional details

Type

House

Property ID

L42432795

Listed on

21/09/2026

Updated

yesterday

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Listed for sale on OneRoof for 2 days (last updated on 21 September) and was last sold in 2021 for $1,050,000. Its latest rating valuation by Dunedin City council is $870,000 as of 2025. There are 20 5-bedroom properties for sale nearby. There are 45 properties for sale in City Centre.

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Property data

On OneRoof

1 days

Property Type

House

Floor Area

260m²

Land Area

259m²

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Dunedin Central, Dunedin City

Dunedin Central is a suburb which lies within the Territorial Authority of Dunedin, one of 97 residential suburbs which form the wider region. Dunedin Central is the 3rd largest suburb of Dunedin in terms of the total number of residential housing stock. Dunedin Central 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 Dunedin Central is made up of approximately 78% residential housing and 22% residential investment housing properties.

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