23 Cole Street, Caversham, Dunedin City, Otago
Dunedin, New Zealand
Guide Price
$289,420
499,000 NZD
PROPERTY TYPE
house
BEDROOMS
4
BATHROOMS
2
Description
Elevated to capture lovely views across the surrounding area, this character home on Cole Street offers space, flexibility, and plenty of potential in a good location. From the moment you arrive, the home’s street presence stands out, with off-street parking conveniently located right in front of the property and classic
features that hint at the charm inside. Step through the door and you’re welcomed by high ornate ceilings, timber doors, and a warm, inviting feel that reflects the home’s character. The central hub of the home is the combined kitchen and dining area, which flows effortlessly through to a sunny conservatory, the perfect place to relax and enjoy the outlook. A separate lounge with a cosy gas fire creates a comfortable living space, while an HRV system and hallway heat pump help keep the home comfortable throughout the seasons. Upstairs, the home offers three generous bedrooms, including a spacious master featuring a beautiful bay window and stunning ceiling detail. A well-presented bathroom with toilet services the main level. Downstairs adds an extra dimension to the property, with a self-contained bedroom complete with its own shower, toilet, and walk-in robe. Whether it’s for extended family, teenagers wanting their own space, guests staying over, or even the potential for extra income, this area offers fantastic flexibility. Outside, the property
features a fully fenced section, with a small front lawn and a generous backyard that provides plenty of room for veggie gardens, outdoor living, or pets and children to play safely. A garden shed adds extra practicality. Homes offering this combination of character, views, and flexible living options are always popular, and this one provides a great opportunity for buyers to secure a property with real potential. My vendors are serious
about selling and want to see all offers.
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
Paul Anderton - Wayne Graham Realty Ltd (Licensed: REAA 2008) - LJ Hooker, Mosgiel
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


