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127/40 The Terrace,
Wellington Central, Wellington City

3 bedrooms
1 bathroom
59m² building size
Apartment

NZD 160,000


Property details

Features

  • Gymnasium

Chattels

  • Cooktop Oven
  • Rangehood
  • Dishwasher
  • Light Fittings
  • Blinds

Affordable, High-Yield 3-Bedroom

Discover an exceptional investment opportunity with this sunny, corner-unit, three-bedroom apartment, perfect for those seeking affordability and strong returns. Currently fully tenanted, each room currently generates approximately $296 per week ($888 total).
Situated in a prime CBD location, the apartment boasts stunning views and natural light, thanks to external windows in all bedrooms. The property is currently managed by UniLodge (on-site property managers) with no fixed-term agreement, providing flexibility to rent out privately or occupy the apartment yourself. Additionally, the building's earthquake rating has been recently upgraded from 33% to 75% NBS (as per the April 2024 AGM minutes).

Key Features:

• Superb CBD location, with everything at your doorstep
• All bedrooms feature external windows, ensuring great natural light
• Apartment area: 59m2
• Currently, all three bedrooms are tenanted with rent based on occupied rooms and option to rent out privately or owner occupy.
• Gym
• Bicycle storage
• Outdoor space for sunbathing and BBQs
• Spacious lounge with large-screen TV

This apartment is also perfect for parents looking to secure accommodation for their children attending university, while benefiting from a high-yield investment. If you have a child starting early next year, this is the ideal opportunity.

For more information or to arrange a viewing, contact us today!

Explore the area


School catchments

  • Clifton Terrace Model School Full primary Years 1-8 State 0.38km
  • Sacred Heart Cathedral School Full primary Years 1-8 State integrated 0.50km
  • Thorndon School Full primary Years 1-8 State 0.82km
  • Queen Margaret College Composite Years 1-15 Private 1.0km
  • Northland School Full primary Years 1-8 State 1.2km

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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