3/55 Tramway Road, Strathern, Invercargill City, Southland
Invercargill, New Zealand
Guide Price
$152,810
259,000 NZD
PROPERTY TYPE
Condo
BEDROOMS
2
BATHROOMS
1
Description
If you're looking for a low-maintenance investment with solid returns from day one, 55 Tramway Road is well worth your attention. This tidy two-bedroom, one-bathroom property is currently tenanted on a fixed-term agreement, providing immediate income and peace of mind. With the tenant paying $370 per week, the property offers an attractive return of approximately 7%, making it a smart addition to any portfolio. The layout is practical and easy-care, designed for comfortable living while keeping maintenance to a minimum-ideal for both seasoned investors and those entering the market. Positioned within walking distance to local shops and just a short distance from the hospital, the
location adds further appeal for tenants and helps support ongoing rental demand. There's also potential to review and increase rent in the future, giving you room to further enhance your return over time. A straightforward, reliable investment in a convenient
location-get in touch today to secure it. Disclaimer - All prospective purchasers shall complete their own due diligence, seek legal and expert advice and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents. Land and
floor area measurements are approximate, and boundary lines indicative only. All efforts have been made to source accurate information from reputable sources (i.e. Regional/City councils, Property-Guru, Core Logic etc). We cannot, however, verify its accuracy and suggest this should not replace independent clarification through standard due diligence.
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
Max Kumm - Progressive Realty Group Ltd (Licensed: REAA 2008) - Ray White, Invercargill
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


