7 Haddon Place, Dunedin Central, Dunedin City, Otago
Dunedin, New Zealand
Guide Price
$232,000
400,000 NZD
PROPERTY TYPE
house
BEDROOMS
5
BATHROOMS
1
Description
This centrally located five-bedroom investment flat is ready and waiting for a renovator to come in and complete what the Vendor has started. The property has slipped in its maintenance and is ready for a new owner to inject some expertise to finish this refurbishment. The roof, wiring and kitchen joinery are all in acceptable condition by most standards; while the bathroom has a new shower and the carpet has only just been recently laid. Significant work has been undertaken to re-clad one side of the house, but more needs done. Most work will involve the exterior cladding and some landscaping including drainage to future proof the property. Internally it is mostly painting and vinyl flooring to complete, but we invite you to enquire on the property and review it thoroughly for yourself to determine what you would do to make this property as attractive as its location. This prime area pulls in both students and workers due to the short stroll to Dunedin’s CBD and shopping precinct, which is always favoured by tenants, while the University’s health schools are similarly just a couple of blocks away. Currently vacant, immediate possession is available to complete this refurbishment and rent to your preferred tenants in 2026. Our highly detailed Information Memorandum explains the project in more detail. We have plenty of photos to share for your assessment and an estimated rental appraisal if you are unsure of the tenanting market. I look forward to your enquiry. Send an online enquiry to receive a full Matt Morton & Co Information Memorandum and additional property documentation. Please contact me for a further discussion or to arrange a 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


