31 Bayfield Road, Andersons Bay, Dunedin

Welcome to 31 Bayfield Road, Andersons Bay, a contemporary development of eighteen architecturally designed homes that capture the essence of modern coastal living. Perfectly positioned at the gateway to the Otago Peninsula, this boutique collection offers a choice of two and three bedroom townhouses, each designed to deliver effortless style, energy efficiency, and low-maintenance comfort. Priced from $645,000, these homes present exceptional value for first-home buyers, professionals, or investors seeking a secure, high-quality property below independent valuation.

Choose from a range of layouts to suit your lifestyle, including two bedroom homes ideal for easy living, and spacious three bedroom designs offering options such as ground-floor master suites, loft-style bedrooms, or balconied living areas. All homes feature built-in wardrobes, open-plan living, and modern kitchens that flow to private outdoor spaces, creating an environment that’s both functional and inviting. With Healthy Homes certification, energy-efficient design, and a two-year rental guarantee, these residences are move-in ready and built for long-term peace of mind.

Blending modern architecture with thoughtful detailing, 31 Bayfield Road delivers a lifestyle of convenience and quality just ten minutes from Dunedin’s city centre. Whether you’re looking for a lock-and-leave residence or a smart investment, this development represents an opportunity to secure a new home that balances affordability, comfort, and enduring value in one of Dunedin’s most desirable locations.

Completion due Q4 2026

Location

Set in scenic Andersons Bay, 31 Bayfield Road offers the best of Dunedin’s coastal and city lifestyles. Just minutes from the CBD, residents can enjoy easy access to beaches, surf, wildlife, and the Otago Peninsula’s renowned walking and cycling tracks. With schools, local cafés, and everyday amenities close by, this location perfectly blends natural beauty with modern convenience.

• Bayfield High School 350m

• Chisholm Links Golf Course 1.7km

• Woolworths Andersons Bay 1.9km

• The Octagon 4.0km

• St Clair Beach 4.1km

Note: Cost to own and cashflows are approximate examples only. Actual results achieved will vary based on purchase price, interest rate, deposit %, providing carparks, providing furniture, insurance, property rates and rental rate. Please download free analysis software to complete your own analysis. Our team can help you with this, so don’t hesitate to contact us.

Investment Analysis

31 Bayfield Road presents an exceptional investment opportunity in the sought-after suburb of Andersons Bay, Dunedin. Known for its coastal charm, established community, and proximity to the city centre, Andersons Bay offers both lifestyle and convenience. The suburb has demonstrated impressive long-term performance, with capital growth averaging 8.73% over the past 10 years and 5.27% over 20 years. Priced between $645,000 and $755,000 which puts the two bedroom homes below the suburb’s median sale price of $670,000, these homes provide immediate entry-value in a strong and steadily appreciating market.

Rental demand in Andersons Bay remains consistently high, supported by a median rent in the suburb of $600 per week and the rental appraisals coming in between $635–$755 per week, equating to a healthy gross yield of 5.1%–5.2%. Dunedin’s rental market continues to face pressure from limited supply and ageing housing stock, making new, high-quality homes especially desirable. Modern, energy-efficient dwellings like those at 31 Bayfield Road attract strong tenant interest thanks to their warmth, insulation, and low-maintenance design, features that set them apart from much of the city’s older rental inventory.

Dunedin’s future growth outlook further strengthens the investment case. The city’s population is forecast to rise steadily over the next 20 years, with thousands of new homes required to meet demand. Current projections suggest that over 7,000 additional dwellings will be needed by 2048 to accommodate expected growth, highlighting ongoing housing shortages that will continue to drive both capital appreciation and rental demand. Major infrastructure projects, including the $1.5 billion Dunedin Hospital redevelopment, University of Otago campus upgrades, and council-led transport and amenities improvements, will further boost employment and attract new residents to the region.

With its balance of affordability, quality construction, and location in a city undergoing significant renewal, 31 Bayfield Road offers investors the opportunity to secure a future-proof asset in a market positioned for sustained growth. As Dunedin continues to modernise while maintaining its strong rental fundamentals, this development stands out as a smart investment for both yield and long-term capital gains.

Want to learn more about making the right investment through our partner company, Thrive Investment Partners offers free financial plan, learn more here.

Current projects