Kelburn, Western Suburbs

35248317

In a tightly held pocket of Wellington, opportunities like this are where long-term wealth is built.

Set on a substantial 594sqm site, this character property offers scale, flexibility, and genuine future potential – whether you’re looking to landbank, add value, or explore development options over time.

Currently configured as two flats (4 + 4 bedrooms), the property is returning $94,640 per annum, providing holding income while you plan your next move.

Elevated to capture outstanding sun and stunning views across the city and toward Oriental Bay, the fundamentals are already in place. The existing improvements retain classic character features and offer multiple pathways – continue as an investment, renovate to enhance returns, or reconfigure into a substantial family home.

This is a property that rewards forward thinking. With land becoming increasingly scarce in central Wellington, sites of this size and position are only becoming more valuable.

Key Features:

• 594sqm* landholding – prime inner-city site
• Two flats (4 + 4 bedrooms)
• $94,640 per annum income
• 220sqm* floor area
• Elevated with excellent sun and views
• Flexible use – investment, home, or redevelopment
• Strong long-term land value proposition
• Also available: neighbouring properties – secure one, two, or all three

A strategic acquisition in a blue-chip location – secure it now and shape what comes next.

Tender closes 2pm Wednesday 10th June 2026 at Tommy’s Real Estate Limited, 209 Victoria Street, Te Aro, Wellington. (Vendor reserves the right to sell prior)