1 & 1a Myrtle Grove, Putaruru, South Waikato, Waikato
Hamilton, New Zealand
Guide Price
$507,400
860,000 NZD
PROPERTY TYPE
house
BEDROOMS
7
BATHROOMS
2
Description
Opportunities like this don't come along often, a standout investment offering two dwellings on one title, delivering strong rental income and long-term growth potential. The rear home is well-appointed with four spacious bedrooms and one bathroom, providing comfortable family living. The front dwelling complements the package perfectly, featuring a three-bedroom, one-bathroom layout, ideal for additional rental income or extended family living. Both homes are set on fully fenced sections, offering privacy, security, and peace of mind for tenants. Adding even more value, each property includes its own double garage, a highly sought-after feature that enhances tenant appeal and rental stability. Currently tenanted by reliable, long-term occupants, this property ensures a solid return from day one, making it a true set-and-forget investment. The layout and separation of the dwellings allow for independent living, maximizing flexibility and income potential. Conveniently located close to local schools, shops, and everyday amenities, the property continues to attract quality tenants, supporting consistent occupancy and future growth. Whether you're expanding your portfolio or securing a high-performing asset, this is an investor's dream with double the income stream and double the upside. Don't miss this rare dual-dwelling opportunity - contact us today for more information or to arrange your viewing!
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
Ngaio Putt - Link Realty South Waikato Ltd (Licensed: REAA 2008) - LJ Hooker, Putaruru
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


