20 Cook Street, Marfell, New Plymouth, Taranaki
New Plymouth, New Zealand
Guide Price
$229,510
389,000 NZD
PROPERTY TYPE
house
BEDROOMS
3
BATHROOMS
1
Description
A smart addition to any portfolio, this well-presented two-storey, three-bedroom home offers immediate returns and a layout designed for long-term tenancy appeal. Currently returning $570 per week, with tenants who would love to stay on, this is a ready-made investment with income from day one. The home is thoughtfully configured, with all living spaces on the ground floor and bedrooms positioned upstairs—creating a practical separation that tenants value. Downstairs, open-plan living forms a comfortable and functional hub, with a well-connected kitchen, dining, and lounge area. A heat pump ensures year-round comfort, while sliding doors from the dining space provide easy access to the outdoor area. Upstairs, three well-sized bedrooms offer flexibility for families or flatting situations, supported by a separate bathroom and WC—an always desirable feature for shared living and busy households. Additional practical
features include a separate laundry with external access, a covered carport, and a fully fenced back section—enhancing both tenant appeal and everyday functionality. The low-maintenance outdoor setup ensures minimal upkeep, helping protect your investment over time. Positioned for convenience and designed for easy living, this property ticks the boxes for investors seeking a dependable, hassle-free addition to their portfolio. Number 22 Cook Street, is also available to purchase. Secure your next investment—get in touch today for further information or to arrange a private viewing.
Location
Open in Google MapsLiving in New Plymouth
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
Brendon Shepheard - Arizto 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 — the complete pre-move checklist.
realestate.co.nz
NZD


