1 Grey Street, Wairoa, Wairoa, Hawkes Bay
Napier, New Zealand
Guide Price
$276,710
469,000 NZD
PROPERTY TYPE
house
BEDROOMS
4
BATHROOMS
2
Description
Previously returning $800 per week across the two dwellings, this multi-dwelling property offers practical living with added flexibility, making it suitable for extended family arrangements, work-from-home options, or those looking for an additional income stream. With river outlooks and a functional layout across both dwellings, it provides a range of possibilities for buyers seeking space and versatility in an established setting. Situated on the corner of Kopu Road and Grey Street, the property enjoys pleasant river views and multiple living options. With two separate dwellings on site, you could occupy the main home while generating income from the one-bedroom minor dwelling, or accommodate extended family. The layout also lends itself to working from home, with the sunroom off the main house providing a space with direct access and
nearby customer parking, while the front unit offers further flexibility. As a rental investment, the property presents the potential for dual income streams. The main home
features a functional floor plan, with the shower, toilet and bathroom arranged as separate spaces for convenience. Bedrooms are positioned off a central hallway, creating separation from the kitchen and living areas. An undercover front porch provides a sheltered spot to enjoy the outlook and natural light, and the primary bedroom connects through to a sunroom that can also be accessed from the porch. The relocated unit has stacker doors and windows that allow in plenty of natural light and frame the river views. Gas hot water helps manage power costs, adding to the practicality of the space. The main home is vacant at the moment, so act quickly if you would like to secure the home to reside in, whilst receiving income from the tenanted front unit. This property was not affected by previous flooding events.
Location
Open in Google MapsLiving in Napier
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
Kimberley Bell - PGG Wrightson Real Estate Ltd (Licensed: REAA 2008) - Wairoa
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


