Fea Street, Dalmore, Otago

Recently sub-divided, this rear yard section is one of only a few opportunities to build yourself in a location back from the road, and slightly elevated for views down the valley. The area is surrounded by a mixture of owner occupied and rental housing and is close enough to the University to attract students looking for quieter accommodation on the fringe of the campus area. 

The land zoning allows for up to nine bedrooms which can be built in multiple dwellings for rental accommodation (subject to consents). This new build would be exempt from the interest deductibility laws making it a highly attractive investment option and reduce the bright-line test for resale to 5-years. 

Services are to the boundary with the exception of power, however trunking is already in place to make this easier to access. 

With the city feeling the squeeze of rental accommodation, newly built housing is in high rental demand and this opportunity should not be overlooked. 

Send an online enquiry to receive a full Matt Morton & Co Information Memorandum and additional property documentation including Council LIM, Consent Notice and a Geotechnical Report.

Viewings are by private appointment only with our Broker.