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11 Mt Pleasant Road,
Aro Valley, Wellington City

3 bedrooms
3 bathrooms
374m² land size
120m² building size
Home and Income

Price withheld


Property details

Chattels

  • Cooktop Oven
  • Stove
  • Rangehood
  • Extractor Fan
  • Light Fittings
  • Floor Covers
  • Blinds
  • Curtains

Smart Investment

This outstanding three-flat property is simply one of the best investment opportunities we've seen.

Perched on the sunny side of Aro Valley, with a peaceful green outlook, yet steps from the buzz of the city, is this superb three flat property.

Meticulously maintained and showcasing a new roof and gorgeous exterior paint job, it has been a sound rental property, attracting long standing, excellent tenants, and full occupancy throughout the year.

The three separate flats, each on their own level, are all Healthy Homes' compliant, with good heating, insulation and ventilation in place. Each dwelling has its own private access, bathroom, kitchen, laundry and living area. They are north facing with sun, lovely natural light, tranquil views, and neutral colour scheme throughout.

The top flat is a larger 1 bedroom rented for $500/week with a new bathroom

The middle 1 bedroom flat is rented for $425/week with new carpet

The bottom flat is a studio rented for $330/week

Returning $1,255 per week, all tenants have recently renewed 12 month fixed term tenancies until Feb 2027.

This is a rare and versatile opportunity - ideal for astute investors wanting to grow their portfolio. With low interest rates and property remaining a tangible, trusted asset, the long-term confidence in this investment is clear.

Explore the area


School catchments

  • Kelburn Normal School Full primary Years 1-8 State 0.90km
  • Te Aro School Full primary Years 1-8 State 0.96km
  • Brooklyn School (Wellington) Full primary Years 1-8 State 1.5km
  • Northland School Full primary Years 1-8 State 1.6km
  • Samuel Marsden Collegiate School Composite Years 1-15 Private 1.7km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.


Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.


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