124 Reservoir Road, Oamaru, Waitaki, Otago
Queenstown, New Zealand
Guide Price
$463,420
799,000 NZD
PROPERTY TYPE
house
BEDROOMS
3
BATHROOMS
2
Description
Positioned in the ever-popular Reservoir Road, this well-presented contemporary home offers an excellent balance of modern comfort, functionality, and privacy in a highly regarded neighbourhood. Recently updated by the current owners, the master suite has been enhanced with a stylish ensuite and walk-in wardrobe, creating a refined and practical retreat. The home is light-filled and inviting, with open-plan living and dining areas forming the heart of the home and flowing seamlessly to the outdoors. A generous deck extends the living space, providing the perfect setting for entertaining or relaxing while enjoying the peaceful, landscaped surroundings. Designed for year-round comfort, the home is predominantly double glazed and supported by a heat pump, wood burner, and insulation. The layout is both versatile and functional, offering three bedrooms plus a separate office, which could easily be utilised as a fourth bedroom if required. The central bathroom includes a toilet, complemented by an additional separate toilet for added convenience. A large utility room further enhances the practicality of the home. Set on a fully fenced section, the property is ideal for families and pet owners, with mature plantings providing privacy and a well-established outdoor environment. Parking and storage are well catered for with a single internal access garage that is carpeted, along with ample off-street parking. A modern, move-in ready home in a sought-after location, offering comfort, flexibility, and easy living for a wide range of buyers. Buyer Enquiry Over $799,000 For Sale by Deadline closing at 4.00pm on Wednesday 13 May 2026 at LJ Hooker, 193 Thames Street, Oamaru (unless sold prior). Contact Mitchell Laughton on 027 351 8118
Location
Open in Google MapsLiving in Queenstown
New Zealand's adventure capital set against dramatic Southern Alps scenery, popular with outdoorsy types who want skiing, hiking, and bungee jumping on their doorstep. It's a small town (about 50,000) that runs on tourism, meaning seasonal work is common and housing costs are inflated well beyond what the town's size would suggest. A stunning place to live if you can afford it and don't mind the isolation.
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
Mitchell Laughton - Robertson Real Estate Ltd (Licensed: REAA 2008) - LJ Hooker, Oamaru
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


