Back to Queenstown, New Zealand

124 Reservoir Road, Oamaru, Waitaki, Otago

Queenstown, New Zealand

Guide Price

$463,420

799,000 NZD

PROPERTY TYPE

house

BEDROOMS

3

BATHROOMS

2

124 Reservoir Road, Oamaru, Waitaki, Otago - Photo 2
124 Reservoir Road, Oamaru, Waitaki, Otago - Photo 3
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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 Maps

Living 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
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

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.

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