Back to Hamilton, New Zealand

91A/B Arapuni Street, Putaruru, South Waikato, Waikato

Hamilton, New Zealand

Guide Price

$498,550

845,000 NZD

PROPERTY TYPE

house

BEDROOMS

6

BATHROOMS

2

91A/B Arapuni Street, Putaruru, South Waikato, Waikato - Photo 2
91A/B Arapuni Street, Putaruru, South Waikato, Waikato - Photo 3
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Description

Opportunities like this do not come around often in the heart of Putaruru. Set on an 888sqm (MOL) section, 91A/B Arapuni Street presents a substantial 266sqm property made up of two three-bedroom homes, each with internal access garaging. With tenants already in place, this is a ready-made investment with income from day one. Each dwelling offers a practical layout designed for easy living. Spacious open plan living areas create a welcoming hub of the home, while three well-sized bedrooms provide comfortable accommodation for families or long-term tenants. With internal access garaging for each dwelling, practicality and functionality are well covered.. The section is easy care, keeping maintenance simple for both owner and tenants. Whether you are looking to expand your portfolio, secure a home and income option, or landbank for the future, the options here are abundant. Our vendor is motivated and ready to see a sold sign. With rental properties in strong demand in Putaruru, this is an opportunity not to be missed. Get in touch with the agent today for further information.

Location

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Living 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
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New Zealand at a glance

How New Zealand scores for American expats

💰Cost of Living
Expensive
🛡️Safety
Very safe
🗣️English Spoken
Widely
🏥Healthcare
Excellent
🌬️Air Quality
Clean
📶Internet
Moderate
🚶Walkability
Moderate
🚇Transit
Limited

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

Scott Mathis - Property Brokers Ltd (Licensed: REAA 2008) - Putāruru

Next steps for moving to New Zealand

Interested in this property? Here's how to move forward.

1

Understand the buying rules

Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.

2

Sort out your visa

Owning property doesn't give you the right to live there. Research residency options before you buy.

3

Plan your finances

Understand currency risk, international wire transfers, and whether you can get a local mortgage.

4

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.

5

Set up healthcare

Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.

6

Run the full checklist

Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.

Source

realestate.co.nz

Portal listings

Currency

NZD