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74 Royal Terrace, Dunedin Central, Dunedin City

$749,000

5

2

1

100m²

230m²

Strong Returns, Minimal Fuss

Positioned just a short walk away from the CBD, hospital and university, this property is in a high-demand location that appeals to both students and young professionals.

Nicely configured to suit most groups, the flat offers five large bedrooms (all with wardrobes), two bathrooms, a generous communal living space and a sunny private courtyard. The covered carport adds further appeal in an area where parking is at a premium.

Rents have steadily increased in recent times with minimal upgrades.

Rental History

• 2022 - $715 p/w

• 2023 - $775 p/w

• 2024 - $840 p/w

• 2025 - $855 p/w

• Current - $925 p/w

At only $185 per room, the property still sits well within the affordability range for students and young professionals - meaning further increases are achievable without any renovations. A cosmetic upgrade and double glazing would certainly speed up growth.

There is a lot to like about this property including:

• Very Desirable Location

• Consistent Rent Growth

• Low Maintenance

• Immediate Upside

So, whether you're adding to an existing portfolio or looking for a reliable first investment, this is a great opportunity to secure a property that already performs - with room to perform even better.

Link to 3D Walkthrough below:

https://my.matterport.com/show/?m=1k5mCiVqui9

Additional details

Type

House

Property ID

L39017865

Listed on

17/02/2026

Updated

3 days ago

Property insights

OneRoof estimateRating valuationEstimate over timeProperty history

OneRoof estimate

OneRoof mentions

Listed for sale on OneRoof for 4 days (last updated on 17 February) and was last sold in 2001 for $175,000. OneRoof now estimates this property to be $555,000 and its latest rating valuation by Dunedin City council is $560,000 as of 2025. There are 16 5-bedroom properties for sale nearby. There are 43 properties for sale in Dunedin Central.

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Property data

Time On OneRoof

3 days

Type of title

Freehold

Floor area

100m²

Land area

230m²

About the area

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Time (yrs)

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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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