2/51 Louisa Street, Gladstone, Invercargill City, Southland
Invercargill, New Zealand
Guide Price
$165,200
280,000 NZD
PROPERTY TYPE
Condo
BEDROOMS
1
BATHROOMS
1
Description
If you've been searching for an affordable investment or an easy-to-manage first home, Flat 2 at 51 Louisa Street deserves your attention. Tucked away on a leafy, quiet street in Gladstone and north-facing, it's the kind of spot that surprises you once you arrive. The unit is compact and practical, with a comfortable living space that catches the north-facing sun nicely. Currently tenanted and on its own crosslease title, it offers a no-fuss entry into the property market. Worth noting โ all four units on this site are being sold individually, so this is a standalone purchase with no obligation to buy the others. Inside the Unit: Comfortable living area with heat pump for year-round warmth Functional kitchen One bedroom with wardrobe Combined bathroom and laundry with toilet and basin Outside: Recently replaced roof โ one of the biggest tick-boxes already sorted North-facing, good natural light Shared off-street parking Set well back from road in a quiet, tree-lined street Own crosslease title This is a property that has been lived in and loved, and it wears that honestly. The kitchen and bathroom have plenty of life left in them and offer a great canvas for gradual personalisation when the time suits. With a brand new roof overhead and a tenant already in place, you can take your time making it your own. We're conscious of our tenant's privacy, so open homes won't be held here. That said, private viewings can be arranged at a time that suits โ just reach out and we'll make it happen. Make the smart move - contact me today to arrange a viewing. Please be aware that this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand/ Local Council and we have not been able to verify the accuracy of the same. Refer to our Passing Over of Information Statement at: https://www.smr.co.nz/passing-over-of-information Smart Move Residential is Powered by Agent X (2021) Ltd - Licensed Agent REAA 2008
Location
Open in Google MapsLiving in Invercargill
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 โ 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 ZealandโKey Fact
NZ has strict biosecurity laws โ 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 AbroadโNew 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
- ยทNo stamp duty
- ยทLegal/conveyancing: NZ$1,500-3,000
- ยทBuilding inspection: NZ$500-800
- ยทLIM 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.
Interested in this property?
Send us a message โ we'll review and reply within 1โ2 business days. You'll always see the original portal link too.
Legal help in New Zealand
Hire your own attorney โ 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 โ yours.
Contact Agent
Adam Love - Smart Move Residential Ltd (Licensed: REAA 2008)
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 โ the complete pre-move checklist.
realestate.co.nz
NZD


