6 Alma Street
Renovate and Reap
This classic 1920s Dunedin villa offers an opportunity for a new owner to make improvements and profit.
This house offers three bedrooms (two double and one single), with the master having a built-in wardrobe. There is ample communal living space in the sunny sitting/dining room, meaning the large separate lounge could make a fourth bedroom if required. The lounge includes a restful bay-window seat that simply drips with golden sun. Catnap, anyone?
If you are raising kids you would be interested to know that this is zoned for and handy to the desirable St Clair Primary School, also, two respectable high schools are about two minutes walk away. Parents of university students may see an opportunity here too. It would make a great investment property in which to house the tertiary learners of your tribe until their studies are done, and then sell it on and make your return. Many at Otago prefer to leave the campus behind at the end of the day and come home to a laidback surf suburb – this St Kilda property is right on the cusp of St Clair, so they'd be getting the best of both beaches, as well as the restaurants and bars of the Esplanade.
The kitchen will greet you (or your tenants) every morning with its cheerful glossy blue paintwork that is in tidy condition, and the bathroom has a really natural feel with its wall-to-wall wood panelling; the perfect venue for either a relaxing time in the full-length tub or a simple shower.
The heatpump and hot water cylinder are both fairly new, so you can expect a hassle-free time with the heating.
It's worth noting that when the suburb was put through its paces in the major flood of 2015 no water entered this house, which is welcome assurance indeed that you won't have to worry about the drainage. To top that off, the roof has plenty of life left in it, having been replaced around 2000. In terms of weatherproofing, a spruce up of the exterior timbers and a lick of paint are needed – just a no-brainer to protect your asset and give its value a meaningful boost.
A level, low-maintenance section surrounds the building and has the advantage of a fully fenced back yard for privacy and/or securing the precious pooch. The sheltered, sunny rear patio is basically barbecue heaven, and there is room for some raised beds if you want to grow your own side salad to go with that.
Your enquiry welcome.
Rateable Value: $260,000
LIM report available.
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