9/377 Leith Street, North Dunedin, Dunedin City, Otago
Dunedin, New Zealand
Guide Price
$260,420
449,000 NZD
PROPERTY TYPE
Condo
BEDROOMS
1
BATHROOMS
1
Description
Positioned in one of the University's most enviable locations, this well-designed, purpose-built one-bedroom apartment offers an exceptional combination of convenient lifestyle and investment appeal. The proximity to campus is unmatched, step outside, and you are within walking distance of lecture theatres, the University Library and all core campus amenities. Set on the top floor of a well-maintained three-level complex, Apartment 9 provides approximately 50m2 of thoughtfully planned living space. The open-plan kitchen and living area is filled with natural light and extends seamlessly to a private balcony, offering elevated views and excellent sun throughout the day. Furnished and finished with quality, high-end appliances, the apartment presents a modern, contemporary aesthetic that is both practical and inviting. The bedroom includes a built-in wardrobe, while the stylish bathroom complements the clean, functional design. Comfort is well catered for year-round with a heat pump, full insulation, and double glazing. Currently rented at $520 per week until 31st December 2026 by the same occupants for the past four years, this property represents a secure investment in a consistently high-demand area. Alternatively, it offers an ideal, low maintenance option for university-bound children from 2027 onward. With its premium location, quality construction, and proven rental performance, this is an opportunity not to be missed.
Location
Open in Google MapsLiving in Dunedin
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
Aimee Marsh - Edinburgh Realty Ltd (Licensed: REAA 2008) - Dunedin
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


