Modern Investment Opportunity


Here is your opportunity to own a large modern investment in the heart of Wellington, offering a good return for very little effort.

Close to the university and the city, this property was built around 2016 and comprises 7 bedrooms and 3 bathrooms alongside some lovely outdoor living over 2 stories.

The house is at the end of a private cul-de-sac, and is completely double glazed.

An easy "hands off" investment with no maintenance required, the property is currently rented at $1,600 per week and fixed to the end of February 2024, with conversations already happening around potential lease renewal for the following year.

CV = $1,320,000

This property was previously rented at $1,800 per week and now has an appraisal of $1,750-$1,850 per week.

The current yield is 7.36%, and at $1,750 per week, this will equate to a 8.0% yield and represent great buying for a such a modern, low-maintenance property close to the university.

Contact me today for further information or to arrange a private viewing.

  • Bedrooms: 7
  • Bathrooms: 3
  • Car parking: 0
  • Floor area: 134
  • Land area: 164
  • Estate type: Freehold
  • Rental status: $1,600pw Fixed to 14th February 2024
  • Rental appraisal:$1,750-1850pw giving a 8.28% Gross Yield at $1,800pw (Written rental appraisal available to potential purchasers)
  • Rates: $5,396.98

Minutes from town and 10 minutes walk from New World metro. Around the corner from University of Victoria and Te Aro School.

  • $1,130,000
  • Gross yield: Appraised 8.28%
  • Rental appraisal: $1,750-1850pw giving a 8.28% Gross Yield at $1,800pw (Written rental appraisal available to potential purchasers)
  • Annual rates: $5,396.98
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Peter Ambrose

Licensed Salesperson
REAA 2008