201A & 201B Cambridge Road, Hillcrest, Hamilton City, Waikato
Hamilton, New Zealand
Guide Price
$481,400
830,000 NZD
PROPERTY TYPE
house
BEDROOMS
4
BATHROOMS
2
Description
A rare opportunity for investors to secure two well maintained units in the sought after suburb of Hillcrest. Both units are to be sold together, providing an immediate dual income stream in a consistently popular rental location. The property is conveniently located close to the Hillcrest Shopping Centre, medical centres, public transport, and all levels of schooling, and is only minutes from the University of Waikato. Easy access to major arterial routes further enhances the tenant appeal of this location. Both units are in excellent condition and feature modern kitchens and bathrooms, quality carpets, spacious living areas with ranch sliders, two good sized bedrooms, and private outdoor settings. The rear unit also benefits from a flat grassed area at the back. Each unit has a carport, there is a garden shed, and the rear unit also includes a single storage garage at the rear. Positioned off the road, the units are private and quiet while still being close to all Hillcrest amenities. Both properties are on fee simple cross lease titles with defined areas and currently have fixed term tenants in place. Unit 1 is tenanted until August 2026 and Unit 2 until October 2026, providing a combined rental return of approximately $49,000 per annum. A solid, low maintenance investment in a proven rental location. The owners are selling their investments for future plans, creating a genuine opportunity for investors looking to add a quality asset to their portfolio.
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
Tony Kerapa - Monarch Real Estate Ltd (Licensed: REAA 2008) - Harcourts, Hamilton
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


