94 Musselburgh Rise, Musselburgh, Dunedin

Introducing 94 Musselburgh Rise, offering a range of modern two and three bedroom townhouses to suit various lifestyles. With a focus on quality, comfort, and practicality, these homes are perfect for first-time buyers, investors, or anyone looking to enjoy the convenience of this sought-after location.

The standalone townhouses in lots one and two feature two bedrooms and two bathrooms with excellent street frontage. Enter through the car park side into an open-plan kitchen, dining, and living area, complete with an entertainer’s kitchen showcasing stone benchtops, an island bench, brushed nickel tapware, and quality Fisher & Paykel appliances. The north-facing living spaces open onto a large private courtyard, perfect for outdoor entertaining. Upstairs, the master suite includes a sunny bedroom, ensuite, and double wardrobe, while the second bedroom and main bathroom offer additional comfort and functionality.

Lots six and seven are terraced two bedroom, two bathroom townhouses offering exceptional privacy. The layout to Lots one and two, with sunny living spaces that flow into spacious courtyards. The upstairs master bedroom is bathed in afternoon light, complemented by a double wardrobe and ensuite, while the east-facing guest bedroom enjoys morning sun.

Lots three to five offer three bedroom, two bathroom loft-style townhouses. The ground floor boasts a west-facing living area, a stylish kitchen with premium finishes, and seamless indoor-outdoor flow to a private courtyard. The first floor includes two well-appointed bedrooms and bathrooms, while the top-floor loft features a third bedroom with a skylight and its own heat pump for year-round comfort.

All homes come equipped with washer-dryer combos, heat pumps, Fisher & Paykel appliances (including a fridge/ freezer), blinds throughout apart from curtains in the living room. Don’t miss your chance to secure one of these exceptional homes.

Completion due Q4 2025

Location

This development in the heart of Musselburgh offers the perfect mix of convenience and community. Residents have easy access to local shops, supermarkets, Musselburgh Medical Centre, schools, and parks, with Bayfield Park and the Edgar Centre nearby. The vibrant city center is just a 10-minute drive away, making this location ideal for both lifestyle and practicality.

• Bayfield High School 550m

• Woolworths Andersons Bay 850m

• Dunedin CBD 4.2km

• University of Otago 4.7km

• Forsyth Barr Stadium 5.1km

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

Dunedin, located in the Otago region of New Zealand, offers a unique and promising property market characterized by steady demand and affordability compared to other major cities. The city is known for its historic architecture, vibrant student population, and stunning natural landscapes. The property market here has been buoyed by strong demand for residential housing, partly driven by its growing population and the University of Otago. With a significant portion of the population being students and young professionals, rental properties remain in high demand, creating a favorable environment for investors seeking consistent rental yields.

A notable driver of future growth in Dunedin is the city's planned infrastructure projects, including the development of the new Dunedin Hospital, one of the largest construction projects in the region's history. This $1.88 billion investment is expected to bring an influx of workers, boosting demand for temporary accommodation and contributing to the local economy. Additionally, plans $1.5 billion over the next 10 years for transport improvements, such as upgrades to the public bus system and cycleways as well as upgrades of pipes which aim to enhance connectivity and accessibility, making Dunedin an even more attractive place to live and invest in. The city council's commitment to sustainability and urban renewal projects is further expected to enhance the quality of life and property values in the coming years.

With shortage in homes and the infrastructure upgrades planned for Dunedin, Musselburgh Rise presents a fantastic opportunity to invest in a two or three bedroom home from $655,000 and in return investors can expect rental yields to be north of 5%. This property also has the added benefit of including a rental guarantee for two years, which makes these homes more desirable for investors.

Current projects