Back to Queenstown, New Zealand

37 Severn Street, Oamaru, Waitaki, Otago

Queenstown, New Zealand

Guide Price

$219,820

379,000 NZD

PROPERTY TYPE

house

BEDROOMS

3

BATHROOMS

1

37 Severn Street, Oamaru, Waitaki, Otago - Photo 2
37 Severn Street, Oamaru, Waitaki, Otago - Photo 3
1/12

Description

What an opportunity to get a great return as an investor. Priced to sell with tenants who want to stay and are paying $520 per week, this could be the right investment for you. The tenants are on a fixed term until August 2026. If you are you looking for a character home in a prime

location close to town, to run as an Air B n B. This home maybe what you are looking for. Separate formal lounge with open fire, currently used as a fourth bedroom. Kitchen and dining are semi open plan with a large serving hatch between the two. A heatpump heats the area nicely. The three bedrooms are all doubles and the master has two built in wardrobes. Bathroom has shower over the bath, vanity and toilet. A second toilet is located at the back of the house, ideal for the family playing outside or if you are in the garden. Laundry is in the kitchen. Underneath is a single basement garage where you can see the insulation, have a workshop, large storage space and access to under the house. The section is sloping, with established plantings and there is a cute garden/pottting shed that could be a nice studio or playhouse. There will be no open homes, viewings by appointment only. For privacy, the indoor photos are from prior to current tenants moving in. Call Leona to view 0274 820 908

Location

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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

Leona Stretch - New Heights Real Estate 2022 Ltd (Licensed: REAA 2008) - Professionals North Otago

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