Melrose, Southern Suburbs

32492308

Positioned in one of Wellington’s emerging city-fringe suburbs, this substantial home and investment opportunity combines immediate returns with outstanding long-term potential.

With recent expenditure on long term maintenance items and well presented, 32 Buckingham Street offers multiple income streams, generous accommodation and the flexibility to suit investors, extended families or owner-occupiers looking to offset their mortgage with rental income. Whether you’re adding to an established portfolio or purchasing an asset to hold for generations, opportunities like this are becoming increasingly difficult to secure.

Currently configured as three self-contained flats, all tenanted on fixed-term agreements, this is a genuine turn-key investment delivering income from day one. With quality tenants already in place, the hard work has been done-simply take ownership and enjoy the benefits of an established, income-producing asset.

Melrose continues to gather momentum as one of Wellington’s most exciting growth suburbs. Its close proximity to the CBD, airport, hospital, schools and south coast, together with its elevated position and strong sense of community, make it an increasingly sought-after location for both tenants and homeowners.

For generations, quality Wellington property has been one of the most reliable ways New Zealand families have created lasting wealth. Whether your goal is dependable rental income, long-term capital growth, or building a portfolio to pass on, 32 Buckingham Street represents an exceptional opportunity to create-or continue building-intergenerational wealth.

Key Features
• Three self-contained flats
• All tenanted on fixed-term agreements
• Genuine turn-key investment with immediate income
• Flexible home and income configuration
• Three flats made up of, one 2 bed plus study, 1 one bed, and one 1 bed plus study
• Approximately 223sqm* floor area on a 568sqm* freehold site
• Generous carparking. Single garage, plus a double garage, with 2 further off-street park in front of double garage
• Elevated position in the heart of Melrose
• Minutes to the CBD, airport, Wellington Hospital and the South Coast
• Outstanding opportunity to create or continue building intergenerational wealth

Properties offering this combination of established income, flexibility and long-term growth potential are becoming increasingly difficult to find. Whether you’re seeking a high-performing investment or an asset your family can benefit from for generations to come, 32 Buckingham Street deserves your attention.

Tender closes 2pm 6th August 2026 at Tommy’s Real Estate Limited, 209 Victoria Street, Te Aro, Wellington. (Vendor reserves the right to sell prior)