47 Nottingham Crescent, Calton Hill, Dunedin City, Otago

If you've been waiting for the right opportunity to grow your portfolio - or step confidently onto the investor ladder - this is it. Currently rented at $520 per week on a fixed term through to September 2026, this Healthy Homes approved property delivers immediate, reliable income with built-in security. The work has been done - simply purchase and reap the rewards. The home offers a practical and proven layout, featuring two generous double bedrooms and one single - ideal for small families or flatting situations. The combined bathroom and toilet keep things simple and functional, while a separate laundry adds everyday convenience tenants truly appreciate. There is a separate kitchen with a view out to the sea and a separate living area which create defined spaces that enhance liveability and appeal to long-term renters. Heating is well covered with both a wood burner and heat pump, ensuring warmth and comfort year-round - a key factor in tenant retention. Step outside and you'll find a sunny deck that extends the living space, along with a secure backyard - a real bonus for families or those with pets. The leg-in section offers privacy from the street, creating a quieter, more sheltered environment. Additional value comes in the form of basement storage, providing that extra practical space tenants are always looking for. Off-street parking completes the package. With strong rental returns, compliance already in place and a fixed-term tenancy secured, this is a smart, low-stress investment that makes financial sense. Secure it now, sit back, and let it work for you.