160 Mahoe Street, Melville, Hamilton City, Waikato
Hamilton, New Zealand
Guide Price
$637,420
1,099,000 NZD
PROPERTY TYPE
house
BEDROOMS
5
BATHROOMS
2
Description
Astute investors will immediately appreciate this compelling opportunity to acquire two homes on a single Freehold title less than 2kms from the Waikato Hospital. Yielding a current return of $1,100 per week, both properties feature ample off-street parking and excellent separation for individual living and are fully Healthy Homes Compliant. Front House 1: This 1970's weatherboard residence is insulated top and bottom, equipped with a HRV system, a heat pump and wood burner for optimal comfort. It presents a functional layout with three spacious bedrooms, a generous lounge adjoining the kitchen and dining areas. There is an easy flow out to an entertainers deck via stacked doors. The individually housed shower, bath and toilet ensure residents and guests can make use of the
amenities at once. There is a separate spacious laundry. Extra storage compartments are located conveniently adjacent to the carport. Rear House 2: The modern private rear dwelling, constructed in 2015, boasts a smart 2 bedroom design with double glazing, a light filled kitchen, and a living area that opens to an expansive north-facing deck and courtyard. Additionally, there are ample storage options including pull down stairs to attic space. The single-car carport is aesthetically pleasing with the design under the same roof-line as the home. Located on a 713m² freehold section, this exceptionally convenient site offers an approx 4 minute drive to the Waikato Hospital and Hamilton Lake. Today's investment is tomorrow's wealth creation. With eager tenants in place wishing to stay, this is an opportunity you'll want to seize. Let your money work for you - Contact Paul Conway llB(Hons) at 027 270 1608 for a confidential chat today.
Location
Open in Google MapsLiving in Hamilton
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 Conway - Lodge Real Estate (Hamilton) Ltd (Licensed: REAA 2008) - City
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


