Back to Dunedin, New Zealand

740B George Street, NORTH DUNEDIN, Dunedin City, Otago

Dunedin, New Zealand

Guide Price

$281,300

485,000 NZD

PROPERTY TYPE

townhouse

BEDROOMS

2

BATHROOMS

1

740B George Street, NORTH DUNEDIN, Dunedin City, Otago - Photo 2
740B George Street, NORTH DUNEDIN, Dunedin City, Otago - Photo 3
1/14

Description

Within easy walking distance to the University of Otago, Dunedin Hospital and the city centre, this property offers an exceptionally convenient location. Constructed in 1989, this ground-level, brick, two-bedroom unit is positioned at the front end of the complex off George Street. Access is via a private front courtyard, and the property includes a designated off-street car park along with a centrally located shared garden setting. Well fenced and surrounded by tasteful greenery, the outdoor area is easy-care, allowing you to spend more time enjoying the many

nearby amenities. Inside, you are welcomed by a spacious open-plan living and dining area that flows seamlessly into the kitchen. The home

features two bedrooms, both with built-in wardrobes. A recently installed heat-pump ensures comfort during the cooler months. The well-equipped bathroom includes an updated shower and there is a separate laundry space. Additional storage throughout the home and kitchen enhances the layout’s practicality. The sought after

location and low-maintenance nature of the property provide a range of options. Currently leased until 1st June 2026, it presents an ideal addition to an investment portfolio. Alternatively, it could suit a professional couple working nearby, serve as a convenient lock-and-leave home, or be perfect for those with university-aged children studying in Dunedin. You are also close to the Botanical Gardens and local supermarket. The vendor is relocating and has priced this property to sell so it’s an opportunity worth your immediate attention.

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

Dan Ferguson - One Agency - The Property Specialists (Licensed: REAA 2008)

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