51 Brougham Street

Mount Victoria Wellington

121 m²

248 m²

House

Currently for sale - view listing

Overview

Cashflow, Character & Serious Upside

This 1890s villa with a separate rear studio presents a high-yield opportunity in one of Wellington's most sought-after city-fringe locations. Currently configured as a rental with six bedrooms, it offers immediate cashflow while giving the next owner time to plan the property's future Character, location and potential are all here in abundance - but expectations should be clear: work is required to return this diamond to its former charm. For investors, builders, renovators or buyers with vision and design flair, this is a rare chance to secure a cash-generating property with significant add-value potential. - Attractive 1890s villa with original character features and native timber throughout - Separate studio at the rear, adding flexibility for accommodation, work-from-home use or future improvement - Currently used as a rental property with six bedrooms, providing income from day one - Open-plan living with excellent indoor/outdoor flow to a sheltered deck and paved backyard - Sunny, private outdoor area with scope to enhance for future tenants or owner-occupiers - Significant potential to renovate, reconfigure or restore and create long-term value - Builder's report supplied, helping buyers understand the work required before committing - Superb city-fringe location just a few minutes' walk from Waitangi Park, Oriental Parade and Courtenay Place - RV $1,100,000 - Current rent $1,200 per week until Jan 2027 - Offers are invited upwards from $699,000 Ideal for investors seeking immediate income, builders looking for their next project, or buyers wanting a foothold in a premium Wellington location, this is a genuine opportunity to unlock value. Properties with this combination of character, cashflow and upside are increasingly hard to find, so contact Mat Baxter on 022 564 7691 or Aaron Nation on 027 555 5881 for a private viewing! Tender closes 1pm, Thursday 1st October 2026 at 8 Kent Terrace, Wellington (will not be sold prior) Information displayed under Trade Me's property details section may be sourced from third-party records and council data. Lowe & Co Realty and its agents do not guarantee or warrant its accuracy. Purchasers should verify all details independently and are advised to seek independent advice. Source of information: Property Guru, Nexus, Wellington City Council (non-verified)