8/8A Settlers Crescent, FERRYMEAD, Christchurch City, Canterbury
Christchurch, New Zealand
Guide Price
$240700
415000 NZD
PROPERTY TYPE
Condo
BEDROOMS
1
BATHROOMS
1
Description
Enjoying first-floor elevation and a north-facing aspect, this one-bedroom studio apartment brings lock-and-leave ease to central Ferrymead. Note; Curtains for the front sliding doors are included in the chattel List
Overview Built: 2007 Body Corp: $3,734.34 p/a Incl. Build Insurance. Rates: $2,111.80 p/a *** Download info: www.agentsend.com/1N2V View 3D Tour: https://vcity.nz/sogt Agents: We work-in with all agents *** Streamlined in its simplicity, this first level apartment offers an open-plan layout that spans approximately 50sqm and comes fully furnished, giving owner-occupiers the ease of moving straight in and investors a ready- made portfolio addition. Bathed in natural light, living unfolds around the kitchen and extends to a balcony edged in greenery, where treetop views soften the setting and slow the pace. The bedroom is matched by a bathroom that steps ahead through full tiling, where a skylight adds another layer of light. A heat pump covers comfort, while two off-street car parks round out the convenience factor. One of only two units in the eastern block, the apartment has no shared wall and benefits from its own stairwell access, giving it a clear advantage in privacy and independence. With Café 1020, Vic’s Bakery and Woolworths all close at hand, everyday convenience is effortlessly covered. Step outside to riverside and estuary walking and cycling tracks, while the Port Hills open up a wide range of recreational options. This well-rounded setting enhances lifestyle appeal in every direction, making it an attractive option for entry-level buyers, lock-and-leave living, and investors alike. Available for immediate possession, the property is ready to be occupied or re-let, further strengthening its appeal for buyers seeking a smart, well-located purchase. For The Property Files and Sale information copy and paste the link into your browser: www.agentsend.com/1N2V 3D tour: https://vcity.nz/sogt This is not to be missed! Enquire today to view or through the scheduled open homes Please contact Chris for more information. *Information sources include but not limited to: REINZ, Corelogic, LINZ & CCC. Refer to Passing Over of Information Statement at: labrealty.co.nz/poi Lab Realty Ltd Licensed REAA 2008
Location
Open in Google MapsLiving in Christchurch
Rebuilt and reimagined after the 2011 earthquakes, Christchurch is New Zealand's most affordable major city with a flat, bikeable layout and easy access to both beaches and ski fields. The rebuild has created a modern, innovative city center, and the Canterbury region offers a drier, sunnier climate than Wellington or Auckland. A smaller expat community means a more authentic Kiwi experience.
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
Chris Cullens - Lab Realty Ltd (Licensed: REAA 2008)
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


