Units 5-6 plan
Two-level plan evidence from the official Grove gallery.
The Grove, St Kilda, Dunedin
Secure a 5.62% yield investment property in Dunedin, only 3 available
These completed, move-in-ready properties are valued at $655,000 and selling for $629,000, giving investors the opportunity to purchase $26,000 below valuation. Plus, receive 12 months free property management and garden care.
5.62% Gross Yieldestimated 5.4% - 5.8% yield
$650-$700weekly rent appraisal range.
2 bed, 2 bathplus off-street parking.
Healthy Homescertification noted in the prospectus.
Available NOW from $629,000
Why investors are looking now
The offer is simple: yield, tenancy confidence, and secure investment
5.62% yield
Move-in ready units with quality whiteware and fittings already included.
Tenant-ready appeal
Tenants are readily available, with guaranteed demand from low-maintenance living close to beach, shops, and transport.
Purchase now for $26,000 under valuation
Current price is $629,000 against a $655,000 valuation.
Compliance and Management
Healthy Homes certification is complete. Complementary property management and garden care for the first 12 months.
Enquire now
Ask for the investor pack, rent appraisal, valuation context, and current remaining unit options.
Townhouse detail
Built for low-maintenance holding
Configuration2 bedrooms, 2 bathrooms, off-street parking, open-plan kitchen and living, private courtyard and deck.
IncludedWhiteware, window furnishings, Fisher & Paykel appliances, dedicated laundry with washer/dryer combo, storage, and keyless entry. No property management fees and garden maintenance for the first 12 months.
PerformanceAbove-standard insulation, double glazing, Healthy Homes certification, LED lighting, and modern intertenancy wall systems.
Location3-5 Grove Street, St Kilda, Dunedin. Short walk to St Kilda Beach and about 10 minutes from the city centre.
TimingCompleted and move-in ready
Units 7-8 plan
Useful for comparing layout, bedroom separation, and courtyard flow.
Units 9-10 plan
Request current availability to match the remaining three units.
Enquire now
Confirm which of the three available properties best matches your investment timing.
Investor questions
Frequently Asked Questions
What makes tenancy feel secure?
Tenants are readily available. The homes hold high demand amongst renters who want a modern 2 bed, 2 bath townhouse close to the beach, amenities, public transport, and the city.
What is included in the price?
A move-in ready turnkey home with whiteware and window furnishings included, plus modern appliances, Healthy Homes certification, parking, courtyard, and low-maintenance landscaping. We also offer fee-free property management and garden care for the first 12 months.
Why enquire now?
With only three units remaining, this rare opportunity to secure this premium investment won't last long!
Request information pack
Share your details and Stellar Residential will come back with the current availability, the investor pack, and the right next step for your timing.
Prefer direct contact? Email sales@stellarresidential.co.nz or call +64 21 260 7422.