Back 61 Heke Street
Off Market

61 Heke Street

Ngaio Wellington

3
3
3
160 m²
1131 m²
Other
Last sold for $850,000
Sonya JivanSonya Jivan, last sold this property on 11 June 2026 after 37 days on market.

Overview

First Time in 40 Years – Nest, Invest or Develop

** Offers invited over: $850,000 ** Held and carefully maintained for four decades, this is a rare chance to secure a versatile, income-generating property in sought-after Ngaio. Set on a substantial 1,131sqm^ site, this well-presented block of three one-bedroom flats offers immediate returns with future upside, whether you're looking to invest, develop, or occupy while earning. - First time on the market in 40 years – tightly held and well maintained - Three self-contained one-bedroom flats, each with their own bathroom and separate living room - Flexible configuration with the top unit currently vacant – ideal for owner-occupiers or full tenancy - Consistent rental appeal with easy-to-manage layouts - Generous 1,131sqm^ section offering potential for future development (subject to due diligence) - Sunny aspect providing a light-filled, comfortable living environment - Off-street parking available for tenants - Located in popular Ngaio, with easy access to key transport routes and the highway for convenient commuting This is an excellent fit for investors seeking reliable income, developers looking for land potential, or buyers wanting to live in one and rent the rest. Opportunities like this are seldom available in such a tightly held location. Potential rental income of $1,220 per week when all three units tenanted. NB: With respecting our tenants quiet enjoyment, viewings are limited by appointment only. Information Pack available upon viewing. ^Source of information: Property Guru, Nexus, Wellington City Council (non-verified).

Features

3 bedrooms
3 bathrooms
3 carspaces
3 open car spaces
160 m² floor area
1131 m² lot size
Other

Estimated Value

Based on this property and similar 3 bedroom other properties sold in Ngaio over the last 12 months, the estimated median property value of 61 Heke Street is $895k.

Median value
$895k
Estimated value range
$720k - $1.25m
Median days on market
17
Estimated value trend
-2%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Ngaio. 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 61 Heke Street

2026
Sold
$850,000
11 Jun 2026 by Sonya Jivan, of Lowe & Co Realty (AndCo Realty Limited)

Happy sellers in Ngaio

58%
58% of sellers in Ngaio reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 38 reviews in Ngaio over the last 12 months.

Local market activity for 3 bedroom other properties in Ngaio

In the last 12 months, 14 three-bedroom other properties similar to 61 Heke Street, have been sold.

This represents a 43% increase in three-bedroom other properties sales when compared to the previous 12 months.

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