5 Brunel Street, Mornington, Dunedin

Welcome to 5 Brunel Street – where Bauhaus-inspired design meets contemporary living in the heart of Dunedin. Our exclusive development seamlessly blends practicality and simplicity with unparalleled aesthetic appeal, offering a unique and eye-catching living experience.

Designed with the timeless principles of Bauhaus architecture in mind, these homes boast a harmonious balance of form and function. The open-plan living and kitchen areas create a sense of spaciousness and connectivity, perfect for modern lifestyles.

Enjoy the convenience of either a single garage or a designated car park. Units with a garage are wired for Electric Vehicle (EV) charging to keep you on the move sustainably. The innovative design ensures that your washer dryer is discreetly located in the garage, eliminating any disturbances to your peace and quiet.

Perched strategically, these homes provide breathtaking views over Dunedin City and the vast expanse of the Pacific Ocean. Whether you're relaxing at home or entertaining guests, the panoramic vistas are sure to captivate.

Experience the epitome of modern living with the perfect blend of functionality and style. 5 Brunel Street is not just a home; it's a statement in design and a sanctuary with a view.

Completion due Q4 2024

Location

Brunel Street is a quiet, private street just 50m from Mornington High Street with stunning views of St Clair and the Pacific Ocean. Mornington is a fully serviced suburb with its own supermarket, health centre, tavern, cafe, bakery and many sports clubs, to name a few.

• Countdown Supermarket 280m

• Mornington Taphouse 300m

• Dunedin City Centre 2.2km

• Otago University 3.4km

• Forsyth Barr Stadium 3.9km

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.

Ground Floor

First Floor

Second Floor

Investment Analysis

Hailed as New Zealand’s ‘student town,’ Dunedin’s diverse and growing economy is driven by sectors such as education, healthcare, technology, and tourism. In addition, the city is home to the renowned University of Otago and several research institutes, attracting a steady influx of students and professionals.

Dunedin lacks warm, dry, affordable houses, making brand-new, competitively-priced townhouses in the city an investment opportunity worth considering. Townhouses rent well in Dunedin because of their scarcity and general lack of affordable homes. As a result, investors can expect to achieve healthy rental yields north of 5%. We are expecting rents to continue to rise in Dunedin due to the lack of supply and the scale of the infrastructure and development happening in the city.

Unlike New Zealand’s other main centres, townhouses in Dunedin are relatively scarce. In the last two years, there have been roughly 150 new build townhouses brought to market in Dunedin, and today, there are approximately 50 available for sale; this is minuscule in comparison to cities like Christchurch and Auckland, where there are thousands of new build homes available for sale.

Dunedin also needs more short-term accommodation, especially during weekends when the city hosts events at its 30,000-seat stadium. A savvy investor could take advantage of this and rent these homes as short-term accommodation. Short-term property investment analysis is available on request.

Unlike several of the other townhouse developments for sale in Dunedin, Brunel Street is situated on a hill, and most of the flat land in the city is reclaimed land; this includes the suburbs of South Dunedin, St Kilda, St Clair, and Tainui. These suburbs range in elevation from 0.0m to 1.5m above sea level and have a sand base. These areas are widely known as flood risk zones, and investors buying homes in these suburbs are finding it harder and harder to get finance and insurance. Investors minimize these risks by purchasing in a hillside suburb like Mornington rather than the likes of St Kilda.

Current projects