11A & 11B Market Street, SAINT KILDA, Dunedin City, Otago
Dunedin, New Zealand
Guide Price
$399,620
689,000 NZD
PROPERTY TYPE
house
BEDROOMS
4
BATHROOMS
2
Description
Currently generating a combined rental income of $970 per week, this dual-income property will immediately appeal to savvy investors seeking solid yields, as well as buyers looking for a home-and-income solution to support their lifestyle. Positioned in ever-popular Saint Kilda, 11 Market Street presents a rare and rewarding opportunity — a beautifully refurbished character villa thoughtfully configured into two stylish, self-contained apartments, delivering both flexibility and strong returns. From the street, the home’s timeless villa façade makes a lasting impression. Ornate detailing, bay windows and elevated ceilings speak to its early 1900s heritage, while contemporary upgrades inside ensure effortless modern living. Each apartment has been tastefully renovated, blending character
features with fresh, functional kitchens and bathrooms. High stud ceilings enhance the sense of space, while large windows flood the interiors with natural light. The thoughtful layout provides privacy between dwellings, making it ideal for extended family living, short-term accommodation, or long-term tenancies. Offering four bedrooms and two bathrooms across a generous 190m² floor area, there is ample space to accommodate a range of living arrangements. Off-street parking for up to four vehicles further enhances the property’s practicality — a valuable asset in this sought-after location. Set on a 459m² site, the property enjoys close proximity to local amenities, schools, public transport and the beach, making it highly desirable to tenants and homeowners alike. Saint Kilda’s enduring popularity continues to underpin strong rental demand and long-term capital growth potential. Whether you’re looking to expand your investment portfolio or secure a character-filled residence with supplementary income, 11 Market Street delivers versatility, charm and financial appeal in equal measure. Opportunities like this are increasingly hard to find — we encourage your early enquiry and look forward to welcoming you through. Public Download Link: https://www.ganeshrout.co.nz/current-listings/11a-11b-market-street-saint-kilda-dunedin
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
Ganesh Rout - The Rout Group (Powered by Ownly, 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


