5/240 Old Farm Road, Hillcrest, Hamilton City, Waikato
Hamilton, New Zealand
Guide Price
$330,020
569,000 NZD
PROPERTY TYPE
Condo
BEDROOMS
3
BATHROOMS
1
Description
Huge price drop, must sell - this is your opportunity to buy possibly the cheapest three bedroom house right next to Waikato University. Built by Assured Property, high quality build and approximately 9% gross yield - just $569,000! Discover easy, low-maintenance living in this tidy three-bedroom brick unit, perfectly positioned for convenience and lifestyle. Whether you're a first-home buyer, investor, or someone seeking a lock-up-and-leave option, this home ticks all the boxes. Step inside to a warm and inviting open-plan living and dining area, designed to maximise space and natural light. The functional layout flows seamlessly to a small patio area, an ideal spot for enjoying a morning coffee or winding down at the end of the day. Currently utilised as a successful Airbnb, this property offers the added benefit of coming fully furnished, making it a ready-made investment or an effortless move-in option. Three well-sized bedrooms, a practical bathroom, aluminium joinery, and an off-street carpark complete the picture of comfort and convenience.
Location is key, and this property places you right where you want to be. Just minutes from the Ruakura Superhub and the Waikato Innovation Precinct, and overlooking the Waikato University grounds, this is an opportunity to secure a home in a rapidly growing and highly sought-after area. Whether you're looking to add to your portfolio or settle into a convenient lifestyle, this unit is one to see. For more information or private viewing please contact Neel Shah on 021 0249 0487. To download the property information pack please copy and paste this link into your URL - https://vltre.co/fZZ2zn
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
Neel Shah - Lodge Real Estate (Hamilton) Ltd (Licensed: REAA 2008) - Rototuna
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


