48B Paterson Street, Frankton, Hamilton City, Waikato
Hamilton, New Zealand
Guide Price
$306,800
520,000 NZD
PROPERTY TYPE
house
BEDROOMS
3
BATHROOMS
1
Description
Welcome to 48B Paterson Street, Frankton - a charming 3-bedroom house that combines comfort and convenience in a prime
location with great views and easy access to Rhode Street Park.
• Priced at $520,000, this well-maintained property is perfect for first-time buyers, families, or investors looking for a great opportunity. This inviting home
features three spacious bedrooms and a well-appointed bathroom, ensuring ample space for everyone. The open-plan kitchen and dining area create a warm and welcoming atmosphere, perfect for entertaining or family gatherings. The lounge/dining area is combined, providing a versatile space for relaxation and leisure. Constructed in 1988 on a cross lease site, it boasts a building area of 83 sqm on a generous land area . The property is in very good interior condition and
features a mix of new carpet and vinyl flooring and quality finishes throughout. The heat pump ensures year-round comfort, while the electric hot water system was recently upgraded in 2024 for added efficiency. Step outside to enjoy the decking/patio area, ideal for outdoor entertaining or enjoying a quiet morning coffee. The property is partially fenced, providing a sense of privacy while still allowing for easy access to the surrounding park. Additional
features include a separate laundry, a garden shed for storage, and off-street parking with a carport. Conveniently located close to transport, shops, and schools, making it an ideal choice for those seeking a vibrant community lifestyle. Don't miss this opportunity to own a lovely home in Frankton. Schedule a viewing today and experience all that this property has to offer!
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
Barry Jones - Online Realty Ltd (Licensed: REAA 2008) - Ray White Hamilton 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


