Whether you're a discerning first-home buyer seeking an affordable way into the city (with an income to make your mortgage super-affordable), or an investor looking for two incomes in a high-demand location, this clever dual-key apartment delivers the flexibility that makes sense in any market. Set on the sixth floor of The Peak in Te Aro, it combines a one-bedroom apartment with a self-contained studio, giving you options now and in the future: live in one and rent the other, hold both as income streams, or secure a low-maintenance lock-up-and-leave city base if work, travel or life takes you elsewhere.
- Dual-key apartment offering flexibility for first-home buyers, city professionals and investors alike
- One title, two self-contained living options, creating versatility well beyond a standard one-bedroom apartment
- Live in one side and rent the other, use both spaces independently, or retain both as income-producing rentals
- Sixth-floor position in The Peak, offering elevated, easy-care city living in the heart of Te Aro
- One-bedroom apartment with west-facing deck, currently rented at $450pw (recently $505pw)
- Self-contained studio with floor-to-ceiling north-facing windows, currently rented at $380pw (recently $400pw)
- Both apartments tenanted until January 2027, providing income certainty while giving owner-occupiers time to plan their next move
- 62sqm^ floor area (more or less) across the dual-key layout, with great sun enjoyed by both apartments
- Both apartments are in tidy condition, with plenty of scope for simple cosmetic upgrades as and when desired
- Easy-care, lock-up-and-leave ownership, ideal for buyers wanting convenience, freedom and flexibility
- Walk to everything Te Aro and the CBD offer, including the waterfront, Cuba and Courtenay precincts, Moore Wilson's, cafes, shops, transport and employment hubs
- Well managed building, affordable BC levies $8,872.22pa^
- RV $570,000^
- Rates $2,927.92pa^
For sale by TENDER - Offers invited over $499,000:
Closing 1pm Wednesday 09 September, at Lowe&Co Realty, 8 Kent Tce, Wellington (the vendor will not consider offers prior to the tender date)
For first-home buyers, this is a smart and adaptable city foothold with income potential; for investors, it's a dual-income asset with consistency secured through to January 2027 and upside when the rental market strengthens. Opportunities with this level of flexibility are hard to find. don't miss the Sunday viewing from 1:00-1:30pm.
Source of information: Property Guru, Nexus, Wellington City Council (non-verified),
^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.
