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 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.
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.
