389 Yaldhurst Road, Russley, Christchurch City, Canterbury
Christchurch, New Zealand
Guide Price
$519100
895000 NZD
PROPERTY TYPE
house
BEDROOMS
6
BATHROOMS
3
Description
This is a rare opportunity to secure a substantial six-bedroom residence, complemented by a large attached studio area offering both independent front-door access and internal entry to the main home. Presented in excellent condition inside and out, the property delivers outstanding flexibility for large or extended families, home-based work, or purchasers seeking multiple living zones. To view documentation in relation to this property, please copy and paste the link into your web address bar: https://www.propertyfiles.co.nz/property/L38928797 At the heart of the home is a modern, functional kitchen that flows seamlessly into a generous open-plan dining area and expansive adjoining lounge, creating an ideal environment for family living or shared accommodation. The property is being sold fully furnished, adding immediate convenience, especially for investors. This property has been a successful investment for the current owner for over ten years with current potential income professionally assessed at approximately $77,500 per annum. All six bedrooms are well-proportioned, each fitted with a heater, and two bedrooms enjoy private balconies with mountain outlooks. Three bedrooms are currently tenanted on periodic agreements, providing immediate income with flexibility for future use. The studio wing is a standout feature, comprising a large versatile space with two additional rooms and a toilet. Further
features include a double garage with two storage rooms at the rear, a sizable lawn, and ample off-street parking to accommodate multiple vehicles. The property's size and layout may appeal to purchasers considering future development or reconfiguration, subject to all necessary council approvals and consents. With its scale, flexibility, and existing income stream, this property presents a compelling opportunity for buyers seeking space without compromise. A viewing will confirm the versatility on offer. Viewing by appointment or open home this Saturday 11 April, 1.30-2.15pm. Contact Michael on 0273511841
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
Michael Fisher - Holmwood Real Estate Ltd (Licensed: REAA 2008) - Harcourts, Ilam 2
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


