Buying guide

The 10 cheapest freehold properties in NZ right now

Keen on a bargain?

Ben Tutty
Last updated: 7 April 2026 | 4 min read
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Searching for a property bargain? You can find freehold homes, apartments, and land on Trade Me for less than the price of a typical house deposit. Our list of the cheapest properties includes a Buller deceased estate for $80,000 and a beachfront cabin in Cape Palliser for $99,000.

These affordable options often require significant renovation or have risks like seismic issues, so thorough due diligence is essential. The cheapest land includes a section in Mataura for just $50,000.

The cheapest freehold houses in NZ

1. Buller deceased estate - Asking $80,000

2. The cheapest freehold home in NZ (and it’s beachfront) - Asking $99,000

3. Coromandel on a shoestring - Asking $100,000

4. Get your toolbox - Asking $109,000

5. What can you salvage? - asking $150,000

Apartments are generally the cheapest dwellings in NZ.

The cheapest freehold apartments in New Zealand

6. Freehold for the price of a carpark - Asking $119,000

7. Cuba Street character + Earthquake prone - BEO $150,000

The cheapest freehold land in NZ

8. Quarter acre in the Gore region - Asking $50,000

9. Fancy Nightcap? - Enquiries over $55,000

10. Corner site in Wairoa - Asking price $58,000

Find the cheapest houses for sale in New Zealand

Author

Ben Tutty Ben Tutty
Content Writer