11 Grove Street, Saint Kilda, Dunedin City, Otago
Dunedin, New Zealand
Guide Price
$498,220
859,000 NZD
PROPERTY TYPE
house
BEDROOMS
5
BATHROOMS
2
Description
Rent: $1,260 Per Week | Two Modernised Flats Savvy investors and lifestyle seekers, take note. This isn’t just a property; it’s a high-performing asset wrapped in timeless 1940s Art Deco soul. Fully modernised, meticulously maintained, and boasting a "Plaster over Brick & Timber" construction, this dual-income powerhouse is ready for its next chapter. Layout: Two Flats, One Great Opportunity - Comprising a 3-bedroom flat and a 2-bedroom flat, the configuration offers flexibility and privacy.
• Upstairs: Currently occupied by reliable tenants through to 13 September 2026.
• Downstairs: New tenants are secured until 27 January 2027.
• Parking: No street-side scuffles here - each flat comes with its own dedicated off-street car park. Modern Comfort Meets Vintage Style - Forget the maintenance headaches usually associated with character homes. This building has been brought firmly into the 21st century: • Warm & Quiet: Almost fully double-glazed with sun-drenched living areas.
• Freshly Updated: The entire exterior has just received a professional-level paint job.
• Healthy Homes Certified: Fully compliant and ready to rent from day one.
• Professional Appeal: Located in a peaceful, sought-after neighbourhood that has a proven track record of attracting working tenants. Due Diligence Done For You – We have cleared the path so you can bid with confidence. A comprehensive property pack is available immediately, including: • Full Building Report • LIM Report • Electrical Report • Healthy Homes Compliance Report Don’t let this $1,260/week opportunity pass you by. Send an online enquiry to receive a full Matt Morton & Co Information Memorandum and additional property documentation. Please contact me today to discuss this prime dual-income stream further and arrange your private viewing appointment once the information has been reviewed.
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
Matt Morton - Matt Morton & Co 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


