Back to Dunedin, New Zealand

112 Union Street, North Dunedin, Dunedin City, Otago

Dunedin, New Zealand

Guide Price

$716,300

1,235,000 NZD

PROPERTY TYPE

house

BEDROOMS

7

BATHROOMS

2

112 Union Street, North Dunedin, Dunedin City, Otago - Photo 2
112 Union Street, North Dunedin, Dunedin City, Otago - Photo 3
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Description

Positioned at the very epicentre of campus life, this seven-bedroom investment represents a high-performing asset purpose-built to meet the unwavering demand of the student accommodation market. The ground floor immediately sets the tone, opening into a generous open-plan living and kitchen area designed for both durability and tenant appeal. The kitchen has been tastefully modernised, while the lounge offers a warm, inviting atmosphere reminiscent of a refined alpine retreat. This level is further complemented by two bedrooms, a full bathroom incorporating laundry facilities, and a separate toilet. An efficient and practical configuration for a high-occupancy setting. Upstairs, the property continues to impress five additional bedrooms, serviced by a second bathroom and separate toilet. Each room is thoughtfully fitted with built-in desks and wardrobes, catering directly to student expectations and reinforcing the property's purpose-driven design. What truly sets this investment apart is its rare combination of scale, location, and convenience. Off-street parking for four vehicles is a significant advantage in this tightly held precinct - an increasingly scarce feature that enhances tenant appeal and underpins long-term demand. The

location is exceptional. Just a one-minute walk to the Commerce Building, two minutes to the University Library and Polytechnic, and a short 5-minute stroll to Unipol and the Logan Park sports grounds. This blue-chip

location ensures consistent occupancy and ongoing rental resilience. Currently returning $1,490 per week on a fixed-term tenancy through to 11th December 2026, rental appraisal available for 2027. With proven performance, a highly functional layout, and an unrivalled location, this is an investment that aligns seamlessly with the core fundamentals of the student housing market: proximity, practicality, and sustained demand. A true blue-chip addition to any portfolio.

Location

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Living in Dunedin

Morning surf before work, weekends tramping through Lord-of-the-Rings landscapes, and a laid-back culture where shoes are optional and nature is never more than ten minutes away.

Visa

Skilled Migrant Category Resident Visa — points-based system requiring a skilled job offer in NZ. New pathways opening August 2026 for trades workers and those with 5+ years experience. Accredited Employer Work Visa is the faster route if you already have a job offer.

Learn more: The Complete Guide to Moving to New Zealand

Key Fact

NZ has strict biosecurity laws — importing food, plants, or outdoor gear can result in heavy fines. The work-life balance is exceptional, but the job market is small and remote from everywhere.

Learn more: What You Need to Know Before Moving Abroad
See all New Zealand listings

New Zealand at a glance

How New Zealand scores for American expats

💰Cost of Living
Expensive
🛡️Safety
Very safe
🗣️English Spoken
Widely
🏥Healthcare
Excellent
🌬️Air Quality
Clean
📶Internet
Moderate
🚶Walkability
Moderate
🚇Transit
Limited

Cost of buying in New Zealand

Estimated fees and ongoing costs for this property

Closing Costs

3-5% of purchase price

  • ·No stamp duty
  • ·Legal/conveyancing: NZ$1,500-3,000
  • ·Building inspection: NZ$500-800
  • ·LIM report: NZ$300-400

Annual Costs

Property Tax

0.3-1.5% of government valuation (varies by council)

Insurance

NZ$1,500-3,000/yr

HOA / Condo Fees

NZ$300-600/mo for apartments (body corporate)

Good to Know

Agent Fees

Seller pays (2.5-4%)

Foreign Buyer Note

Foreign buyers BANNED from existing homes (2018 ban). Can only buy new-build apartments in large developments.

Legal help in New Zealand

Hire your own attorney — not the seller's. We'll match you with a vetted local lawyer.

Need a local attorney in New Zealand?

We'll connect you with an independent, English-speaking real estate attorney experienced with foreign buyers. Not the seller's lawyer — yours.

Contact Agent

Lane Sievwright - Edinburgh Realty Ltd (Licensed: REAA 2008) - Dunedin

Next steps for moving to New Zealand

Interested in this property? Here's how to move forward.

1

Understand the buying rules

Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.

2

Sort out your visa

Owning property doesn't give you the right to live there. Research residency options before you buy.

3

Plan your finances

Understand currency risk, international wire transfers, and whether you can get a local mortgage.

4

Know your tax obligations

US citizens are taxed on worldwide income. You'll need to file US taxes from abroad and may owe local taxes too.

5

Set up healthcare

Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.

6

Run the full checklist

Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.

Source

realestate.co.nz

Portal listings

Currency

NZD