Investment opportunity
This property is nestled among semi-new properties within a caring community with it's own micro-climate.
It comprises of two dwellings and a flat section all on one title provides multiple choices for the astute purchaser. Whether it be an investment property, multi-generational, or the development opportunity that you have been looking for, 540 North Road provides a unique asset.
Three years ago, I decided to NOT to sub-divide so as to keep the rates down as initially my plan was to rent out the new new built and build a third property. However, since then, my plans have changed. Hence the sale of both these two homes, a flat section, and a private driveway.
On this property, you find a 1983 three bedroom dwelling with generous spaces, modern touches and exceptional outdoor living spaces. The dwelling has double-glazed windows with UV protection for those hot summers. There is a large new galley kitchen, with 5 hobs gas cooking and loads of cupboards. The kitchen opens to a dinning area which is open to the family room. Four steps down, you enter a huge second living area with double doors on either side, opening to a very large deck and a small paved area on the right. and two large living spaces. The house also has two bathrooms and several heating options, gas-fire, heat pump and underfloor central heating in the living area. Downstairs has the benefit of a 1.5 car space garage with additional room for potential expansion.
The brand new architecturally designed 2024 built three bedroom dwelling has an open plan living and minimal maintenance; including a 10-year builder's warranty. There are two bathrooms, one on each floor, double-glazed windows, two heat pumps, gas hot water, and a laundry. A single garage and two carports accompany this property with a vast area for extra parking. There's also a large and a small deck for enjoying the views while listening to the native birds as this house also has incredibly low maintenance outdoor spaces.
Both homes are North facing to absorb as much sunlight and heat during the cold days in Dunedin. They are also designed in such way for maximum privacy which is a rear thing in any urban setting.
Both properties have the city views and Mt Cargill. Basically, they provide urban living with a rural outlook.
Finally, there is also the potential for a mostly flat 630 sqm section (Lot 3) with architecture plans to build a similar dwelling or potential duplex.
Serious buyers can request photos.

Special Features

Deck. City Views. Patio. Enclosed Garden.

Locality / Area

Rural views .
Two Primary and an Intermediate (DNI) schools are only a 5 minute drive away. .
New World supermarket at the start of North Road. .
Dunedin Botanical Gardens is only a 7 minutes drive away. .
Dunedin City Buses run regularly from the bottom of the hill..