Set & Forget — Gladstone One-Bedder

Listed 11 Sep
2/51 Louisa Street, Gladstone, Invercargill, Southland
Asking price $265,000
Details
- Floor Area
- 40m²
- Broadband
- Fibre, Satellite, Wireless


Set & Forget — Gladstone One-Bedder
If your ideal investment is one that quietly gets on with the job, Flat 2 at 51 Louisa Street might be exactly what you've been looking for. Tucked away on a peaceful, tree-lined street in Gladstone, this north-facing concrete block unit is currently advertised at $340 per week - reliable income in a location that tenants genuinely enjoy calling home.
Concrete block construction keeps ongoing maintenance to a minimum, and a recently replaced roof means the major work is already done. This isn't a property that's going to demand your weekends or your attention — it's a clean, simple hold in a convenient suburban location.
Inside the Unit:
- Comfortable living area with heat pump for year-round warmth
- Functional kitchen with tiled floor
- One bedroom with wardrobe
- Combined bathroom and laundry with toilet and basin
Outside:
- Recently replaced roof
- North-facing with good natural light
- Shared off-street parking
- Set well back from the road in a quiet, tree-lined street
- Own crosslease title
Three of the four units on this site are being sold independently (Flat 3 is sold), so this is a standalone purchase with no strings attached - though if you like what you see, there's more to consider next door. Low maintenance, good location, tenant in place. It really is that simple.
We're conscious of our tenant's privacy, so open homes won't be held here. Private viewings can be arranged at a time that suits - just reach out and we'll make it happen.
Make the smart move - contact me today to arrange a viewing.
Please be aware that this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand/ Local Council and we have not been able to verify the accuracy of the same. Refer to our Passing Over of Information Statement at: https://www.smr.co.nz/passing-over-of-information Smart Move Residential is Powered by Agent X (2021) Ltd - Licensed Agent REAA 2008

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Local Schools
- ST JOHN'S GIRLS' SCHOOL (INVERCARGILL)349 Dee StreetRoll: 126
- WAIHOPAI SCHOOL121 Herbert StreetRoll: 354
- SOUTHLAND ADVENTIST CHRISTIAN SCHOOL21 Durham StreetRoll: 129
- JAMES HARGEST COLLEGE282 Layard StreetRoll: 1887
- VERDON COLLEGERockdale RoadRoll: 684
- GLADSTONE PRE-SCHOOL20 Lewis StreetRoll: 89
- BLUE DUCK CHILDCARE (WAIHOPAI) LIMITED167 Bill Richardson DriveRoll: 108
- ACTIVE EXPLORERS INVERCARGILL70 Arena AveRoll: 98
- BESTSTART KELVIN STREET174 Kelvin StreetRoll: 87
- BESTSTART WAIHOPAI KINDY168 Kelvin StreetRoll: 23
- SOUTHLAND BOYS' HIGH SCHOOL181 Herbert StreetRoll: 1078
- WINDSOR NORTH SCHOOL91 Chelmsford StreetRoll: 326
- DONOVAN PRIMARY SCHOOL200 Drury LaneRoll: 378
- INVERCARGILL MIDDLE SCHOOL31 Jed StreetRoll: 155
- ST THERESA'S SCHOOL (INVERCARGILL)161 King StreetRoll: 277
- ST JOSEPH'S SCHOOL (INVERCARGILL)70 Eye StreetRoll: 153
- MURIHIKU YOUNG PARENTS' LEARNING CENTREIsabella Street
- SOUTHLAND GIRLS' HIGH SCHOOL328 Tweed StreetRoll: 1076
- ASCOT COMMUNITY SCHOOL580 Tay StreetRoll: 237
- TE WHAREKURA O AROWHENUA734 Tweed StreetRoll: 192
- AURORA COLLEGE234 Regent StreetRoll: 579
Location info
Tour the property
There are currently no open home times scheduled, please reach out to the agent to find a time.
Property insights
HomesEstimate
- Updated
- October 1, 2026
- Estimated value
- $260K - $300K
These are computer generated price guides only. For more information about this property, contact the agent.
RentEstimate
- Estimated rent
- Not yet available
- Rental yield
- Not yet available
More about RentEstimate and rental yield
Capital value
Summary of land value and improvement value. This is set by the council.
- Updated
- July 1, 2023
- Capital value
- $215,000
- Land value
- $65,000
- Improvement value
- $150,000
Capital Valuation and rates information is sourced from the relevant council. Confirm directly with the council before making any decisions based on this data.
Property trends
- Property estimate trend
- This home estimate range: 260K - 300K
- Suburb median
- Gladstone: 645K



