Back to Napier, New Zealand

35A Mt Herbert Road, Waipukurau, Central Hawkes Bay, Hawkes Bay

Napier, New Zealand

Guide Price

$209,450

355,000 NZD

PROPERTY TYPE

Condo

BEDROOMS

2

BATHROOMS

1

35A Mt Herbert Road, Waipukurau, Central Hawkes Bay, Hawkes Bay - Photo 2
35A Mt Herbert Road, Waipukurau, Central Hawkes Bay, Hawkes Bay - Photo 3
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Description

Positioned as the front unit in an exceptionally convenient Waipukurau location, 35A Mt Herbert Road presents a smart, low maintenance opportunity with proven rental appeal and strong returns for investors, while also offering an ideal entry point for first home buyers seeking simplicity and ease. This appealing 1990s build offers a functional floor plan designed for practical living, highly attractive to tenants and equally comfortable for owner occupiers. An oversized bathroom complete with both shower and bath adds everyday comfort and appeal, a feature not often found in units of this style. With walking distance to town amenities, shops, and services, this is a

location that consistently performs in the rental market. Easy care grounds keep maintenance minimal, while off street carport parking and a garden shed add the practical extras that tenants and homeowners value. A current rental appraisal of $420 to $460 per week in its present condition

highlights the immediate income potential on offer with no upgrades required to achieve this return. This equates to an approximate gross return of 5.8% to 6.4%, placing this property firmly within the ideal investor yield range for Waipukurau, with further potential to add value through simple cosmetic improvements over time. Low maintenance, functional, well located, and tenant friendly, this is a property that makes financial sense from day one, whether you are building a portfolio or stepping onto the property ladder.

Location

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Living 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
See all New Zealand listings

New Zealand at a glance

How New Zealand scores for American expats

💰Cost of Living
Expensive
🛡️Safety
Very safe
🗣️English Spoken
Widely
🏥Healthcare
Excellent
🌬️Air Quality
Clean
📶Internet
Moderate
🚶Walkability
Moderate
🚇Transit
Limited

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

Kate McCormick - Property Brokers Ltd (Licensed: REAA 2008) - Waipukurau

Next steps for moving to New Zealand

Interested in this property? Here's how to move forward.

1

Understand the buying rules

Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.

2

Sort out your visa

Owning property doesn't give you the right to live there. Research residency options before you buy.

3

Plan your finances

Understand currency risk, international wire transfers, and whether you can get a local mortgage.

4

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.

5

Set up healthcare

Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.

6

Run the full checklist

Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.

Source

realestate.co.nz

Portal listings

Currency

NZD