Back 407/9 Gilmer Terrace
Off Market

407/9 Gilmer Terrace

Wellington Central Wellington

1
1
Apartment
Erin RushErin Rush, last sold this property on 17 November 2025 after 89 days on market.

Overview

Access via 163 The Terrace. Located in a sought-after CBD setting, this one-bedroom, north-facing apartment offers a straightforward opportunity to increase value. Approximately 47 sqm, the practical layout is ready for updating - from refreshing the kitchen and bathroom to modernising the interior to enhance both comfort and return. Perfect for investors, first-time buyers, buyers from out of town, or parents seeking an easy city base for students, this property represents a smart renovation project in an area with consistent demand. Features include: • One bedroom with built-in wardrobe • Bright living area with generous windows • Secure entry within a well-maintained building • Close proximity to Lambton Quay, cafes, public transport, and Victoria University Whether you want to renovate for personal use or grow your investment portfolio, this apartment provides excellent potential in a prime city location. Two, one-bedroom apartments, all in the same sought-after CBD comp

Features

1 bedroom
1 bathroom
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Wellington Central over the last 12 months, the estimated median property value of 407/9 Gilmer Terrace is $242k.

Median value
$242k
Estimated value range
$125k - $520k
Median days on market
70
Estimated value trend
-22%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Wellington Central. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 407/9 Gilmer Terrace

2025
Sold
Undisclosed
17 Nov 2025 by Erin Rush, of Harcourts Wellington City (Team Group Realty Ltd)

Happy sellers in Wellington Central

70%
70% of sellers in Wellington Central reported that their sale price either exceeded or met their price expectations.

Wellington Central stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 12 reviews in Wellington Central over the last 12 months.

Local market activity for 1 bedroom apartments in Wellington Central

In the last 12 months, 8 one-bedroom apartments similar to 407/9 Gilmer Terrace, have been sold.

This represents a 350% decrease in one-bedroom apartments sales when compared to the previous 12 months.

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