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473 Great King Street, North Dunedin, Dunedin City

$499,000

4

1

130m²

135m²

Location Meets Opportunity

Looking for an investment in one of Dunedin's most sought-after student locations?

Welcome to 473 Great King Street a two-storey, four-bedroom property just a five-minute walk from the University of Otago.

Currently under rented for $592 per week, the market rent for a tidy 4-bedroom property in this area is $800+.

This property offers fantastic potential to renovate and add value this Summer to get it up to that $200 per room standard.

Inside, you'll find a semi open-plan kitchen and living area, creating a practical layout that's perfect for everyday living, along with a separate laundry room for added convenience.

The two-storey design provides great separation of space, making it well suited for student accommodation or long-term tenants. Out the back is a low-maintenance section with room to enjoy the outdoors while keeping upkeep to a minimum.

Whether you're looking to grow your investment portfolio or secure a property in a prime university location with future upside, this is an opportunity you won't want to miss.

Link to 3D tour below:

https://my.matterport.com/show/?m=pNsdAN8CULg

Additional details

Type

House

Property ID

L42322880

Listed on

14/08/2026

Updated

2 days ago

Property insights

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OneRoof mentions

Listed for sale on OneRoof for 2 days (last updated on 14 August). OneRoof now estimates this property to be $630,000 and its latest rating valuation by Dunedin City council is $640,000 as of 2025. There are 23 properties for sale in North Dunedin.

Property data

On OneRoof

2 days

Property Type

House

Floor Area

130m²

Land Area

135m²

About the area

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Time (yrs)

5 yrs

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North Dunedin, Dunedin City

North Dunedin is a suburb which lies within the Territorial Authority of Dunedin, one of 97 residential suburbs which form the wider region. North Dunedin is the 5th largest suburb of Dunedin in terms of the total number of residential housing stock. North Dunedin 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 1990 - 1999. Residential housing stock in North Dunedin is made up of approximately 68% residential housing and 32% residential investment housing properties.

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