Back to Queenstown, New Zealand

130 Reservoir Road, Oamaru North, Waitaki, Otago

Queenstown, New Zealand

Guide Price

$609,000

1,050,000 NZD

PROPERTY TYPE

house

BEDROOMS

4

BATHROOMS

4

130 Reservoir Road, Oamaru North, Waitaki, Otago - Photo 2
130 Reservoir Road, Oamaru North, Waitaki, Otago - Photo 3
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Description

UNIT 3D TOUR: https://my.matterport.com/show/?m=x4f7wUZs885 Experience the very best of Oamaru living at 130 Reservoir Road, where elevated position meets breathtaking rural and ocean views, all just minutes from the CBD. This architecturally designed home effortlessly blends classic Hamptons elegance with modern-day comfort. Step inside to discover a home rich in character, where original timber floors and statement chandeliers create a sense of timeless charm, perfectly balanced by contemporary finishes and conveniences. At the heart of the home, a spacious open-plan kitchen

features a central island, walk-in pantry, underfloor heating, and premium Belling and Miele appliances. This space flows seamlessly into the dining and living areas, warmed by a cosy pellet fire, creating an inviting hub for everyday living and entertaining. An adjoining laundry, also with underfloor heating, incorporates the second of three bathrooms. The ground floor offers two bedrooms with sea views, serviced by a well-appointed family bathroom, while upstairs the sun-filled master suite enjoys sweeping rural and mountain vistas, complete with a walk-in wardrobe, underfloor heated ensuite, and heat pump. Outdoor living is equally impressive, with a covered veranda wrapping around the home and a louvered pergola providing a private and sheltered setting for year-round enjoyment. The landscaped grounds are thoughtfully designed to complement the surrounding natural beauty. Adding further appeal is the self-contained apartment above the double garage. Finished to the same high standard, it offers its own living space, kitchenette, bathroom, and stunning rural and ocean views. Previously operated as a successful Airbnb, it presents excellent options for guest accommodation, extended family, or additional income. A home of this calibre would be difficult to replicate at today's build costs, making this an exceptional opportunity to secure a truly special property. Enquiries Over $1,050,000 Contact Stephen Robertson on 0274 731 112

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

Stephen Robertson - 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