2/25 Britannia Street, Petone, Lower Hutt City, Wellington
Wellington, New Zealand
Guide Price
$197,200
340,000 NZD
PROPERTY TYPE
Condo
BEDROOMS
2
BATHROOMS
1
Description
Here is the best opportunity available for someone starting out wanting to get on the property ladder with a first home or investment property. Situated in Petone, only a short walk to Jackson Street and the beach. This freshly repainted unit also has new floor coverings. The last tenant was paying $600 per week rent. Body Corporate fees cover insurance and exterior maintenance at $431 per month. All this adds up to a great return on investment or a super affordable mortgage on your first home.
Features include: Two bedrooms. Off street car park. Lockable storage shed. Freshly decorated. Heat pump. Affordable home ownership at BEO $340,000 in such a great location! Don’t miss, out call today for a private viewing.
Location
Open in Google MapsLiving in Wellington
New Zealand's compact capital, dubbed 'the coolest little capital in the world' by Lonely Planet, with a vibrant arts and cafe culture that punches well above its weight. The CBD is fully walkable and public transit usage is the highest in NZ, but prepare for relentless wind -- it's literally the windiest city in the world. Locals are genuinely friendly and the expat community integrates easily, though the cost of living is high for its size.
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
Mark Coffey - Capital Commercial (2013) Ltd (Licensed: REAA 2008) - Bayleys Lower Hutt
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