Back to Dunedin, New Zealand

71 Stafford Street, Dunedin Central, Dunedin City, Otago

Dunedin, New Zealand

Guide Price

$1,049,800

1,810,000 NZD

PROPERTY TYPE

house

BEDROOMS

24

BATHROOMS

10

71 Stafford Street, Dunedin Central, Dunedin City, Otago - Photo 2
71 Stafford Street, Dunedin Central, Dunedin City, Otago - Photo 3
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Description

Vendor price indication: $1,810,000 + GST (if any) Located on Stafford Street, this hostel offers unbeatable convenience, with easy access to popular tourist attractions, restaurants, and public transportation. Its prime

location makes it an ideal choice for travellers seeking affordable accommodation. Step into a unique opportunity to own this historical building (Heritage New Zealand Category: 2), perfectly suited for future growth.

Features (Chattels included, ready for you to take over and start operating): • Reception & baggage storage room • 24 bedrooms, including a spacious one-bedroom apartment and a two-bedroom apartment (Maximum occupants allowed: 72) • 4 kitchens (2 communal + 2 in apartments) • 2 communal dining rooms • 1 spacious lounge • 10 showers and 11 toilets • 2 laundry rooms • Rooftop / outdoor sitting area with harbour view • Spacious courtyard • 5 on-site carparks for guests This hostel offers exceptional potential for upgrades and business expansions, providing the perfect opportunity to bring your ideas to life. Whether you’re looking to modernize, renovate, or make other improvements, this property is the ideal platform to make your vision a reality. Photos provided by the vendor are available upon request.

Location

Open in Google Maps

Living 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
See all New Zealand listings

New Zealand at a glance

How New Zealand scores for American expats

💰Cost of Living
Expensive
🛡️Safety
Very safe
🗣️English Spoken
Widely
🏥Healthcare
Excellent
🌬️Air Quality
Clean
📶Internet
Moderate
🚶Walkability
Moderate
🚇Transit
Limited

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

Leo Li - Nidd Realty Ltd (Licensed: REAA 2008) - Dunedin

Next steps for moving to New Zealand

Interested in this property? Here's how to move forward.

1

Understand the buying rules

Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.

2

Sort out your visa

Owning property doesn't give you the right to live there. Research residency options before you buy.

3

Plan your finances

Understand currency risk, international wire transfers, and whether you can get a local mortgage.

4

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.

5

Set up healthcare

Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.

6

Run the full checklist

Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.

Source

realestate.co.nz

Portal listings

Currency

NZD