2/18 Lorne Street, Melville, Hamilton City, Waikato
Hamilton, New Zealand
Guide Price
$240,700
415,000 NZD
PROPERTY TYPE
house
BEDROOMS
2
BATHROOMS
1
Description
Discover this fully furnished two-bedroom unit, a smart addition to any investment portfolio or the perfect first step onto the property ladder. Positioned directly across from Waikato Hospital and just minutes to the CBD, this
location is consistently sought after by hospital staff and professionals wanting ultimate convenience and a minimal commute. The open-plan living, dining and kitchen area is thoughtfully arranged to create a welcoming, move-in-ready home. Two couches provide comfortable living space, while the dining table with seating for four is ideal for everyday meals or entertaining. The kitchen comes equipped with a fridge/freezer and microwave, making it practical and easy to settle straight in. Both bedrooms are well-appointed for comfort, the main featuring a double bed with bedside tables, and the second bedroom offering a single bed and bedside. A tidy bathroom with shower, vanity and toilet completes the layout. A covered carport provides exclusive off-street parking, adding further appeal to this low-maintenance property. For investors, the numbers speak for themselves. Currently rented at $525 per week, this property delivers an approximate 6% gross rental return, with reliable tenants already in place who would love to stay - providing immediate income and continuity from day one. Offering affordability, convenience and solid returns in a prime hospital-side location, this is an opportunity not to be missed. Secure your position in this high-demand area today.
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
Gemma Lewell - Lodge Real Estate (Hamilton) Ltd (Licensed: REAA 2008) - 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


