Back 67 Rhine Street
Off Market

67 Rhine Street

Island Bay Wellington

2
1
2
60 m²
640 m²
House
Last sold for $627,500
Tommy MadamsTommy Madams, last sold this property on 09 September 2025 after 42 days on market.

Overview

LAND SALE - WITH EXISTING NON COMPLIANT HOME!

PRICE GUIDE $675,000 Looking for your next profitable project? 67 Rhine Street presents an exciting chance to capitalise on a property with real potential! Whether you're considering building new, adding multiple dwellings, or land banking for future gains, this project has promise. Set on a generously sized section, this site offers the scope to subdivide or develop, making it an ideal pick for savvy investors, developers, or renovators ready to roll up their sleeves and unlock serious value. Property key highlights: • Stunning views across Island Bay and out to the ocean. • Large block with subdivision/development potential. • Right of way access is at the front of the section and goes through to Eden Street. • Located in a high-demand growth area. • Flexibility for a wide range of value-add strategies. • Perfect for buyers looking to make their mark. Yes, it will take some effort - but with the right approach, this property could be transformed into a high-performing asset.

Features

2 bedrooms
1 bathroom
2 carspaces
2 open car spaces
60 m² floor area
640 m² lot size
House

Estimated Value

We need at least 3 similar 2 bedroom houses sold in Island Bay over the last 12 months.

Property history for 67 Rhine Street

2025
Sold
$627,500
09 Sep 2025 by Tommy Madams, of Tommy's Real Estate Wellington City

Happy sellers in Island Bay

59%
59% of sellers in Island Bay reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 51 reviews in Island Bay over the last 12 months.

Local market activity for 2 bedroom houses in Island Bay

In the last 12 months, 2 two-bedroom houses similar to 67 Rhine Street, have been sold.

This represents a 50% decrease in two-bedroom houses sales when compared to the previous 12 months.

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