31 Racecourse Road, Cambridge, Waipa, Waikato
Cambridge, New Zealand
Guide Price
$1,711,000
2,900,000 NZD
PROPERTY TYPE
house
BEDROOMS
3
BATHROOMS
2
Description
Set on over 2 hectares, this property is a rare convergence of space, versatility, and future potential, right on the edge of Cambridge. Zoned for deferred residential use, it holds not just promise for today’s lifestyle buyers but also tomorrow’s investors. Whether you're seeking to landbank, explore development opportunities, or simply enjoy the privacy and tranquility, this address delivers on every front. The main home is designed for effortless living, flowing from open-plan interiors to expansive decking with views across lush paddocks. A separate flat offers income potential or flexible accommodation for extended family, while the upstairs studio adds another layer of utility—be it as a home office, guest suite, or creative retreat. Directly opposite the Cambridge training track, the property naturally speaks to equestrian buyers. Yet it’s just minutes from town, blending rural quiet with urban convenience and placing you in a zone for some of the region’s top schools. Whether you're landbanking, developing, or settling into lifestyle luxury, this property delivers. Contact Angela Finnigan to arrange a private viewing.
Location
Open in Google MapsLiving in Cambridge
Morning surf before work, weekends tramping through Lord-of-the-Rings landscapes, and a laid-back culture where shoes are optional and nature is never more than ten minutes away.
Visa
Skilled Migrant Category Resident Visa — points-based system requiring a skilled job offer in NZ. New pathways opening August 2026 for trades workers and those with 5+ years experience. Accredited Employer Work Visa is the faster route if you already have a job offer.
Learn more: The Complete Guide to Moving to New Zealand→Key Fact
NZ has strict biosecurity laws — importing food, plants, or outdoor gear can result in heavy fines. The work-life balance is exceptional, but the job market is small and remote from everywhere.
Learn more: What You Need to Know Before Moving Abroad→New Zealand at a glance
How New Zealand scores for American expats
Cost of buying in New Zealand
Estimated fees and ongoing costs for this property
Closing Costs
3-5% of purchase price
- ·No stamp duty
- ·Legal/conveyancing: NZ$1,500-3,000
- ·Building inspection: NZ$500-800
- ·LIM report: NZ$300-400
Annual Costs
Property Tax
0.3-1.5% of government valuation (varies by council)
Insurance
NZ$1,500-3,000/yr
HOA / Condo Fees
NZ$300-600/mo for apartments (body corporate)
Good to Know
Agent Fees
Seller pays (2.5-4%)
Foreign Buyer Note
Foreign buyers BANNED from existing homes (2018 ban). Can only buy new-build apartments in large developments.
Legal help in New Zealand
Hire your own attorney — not the seller's. We'll match you with a vetted local lawyer.
Need a local attorney in New Zealand?
We'll connect you with an independent, English-speaking real estate attorney experienced with foreign buyers. Not the seller's lawyer — yours.
Contact Agent
Angela Finnigan - Success Realty Ltd (Licensed: REAA 2008) - Bayleys, Hamilton
Next steps for moving to New Zealand
Interested in this property? Here's how to move forward.
Understand the buying rules
Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.
Sort out your visa
Owning property doesn't give you the right to live there. Research residency options before you buy.
Plan your finances
Understand currency risk, international wire transfers, and whether you can get a local mortgage.
Know your tax obligations
US citizens are taxed on worldwide income. You'll need to file US taxes from abroad and may owe local taxes too.
Set up healthcare
Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.
Run the full checklist
Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.
realestate.co.nz
NZD