Karori Development Goldmine – $1,000/Week Rental Income + Approved Resource Consent!
19 Thurleigh Grove, Karori, Wellington
A Rare Opportunity in One of Wellington’s Most Sought-After Suburbs!
Opportunities like this are hard to find! Set on approximately 954sqm of land in prestigious Karori, this property offers an exciting combination of existing rental income, flexible accommodation and substantial development potential.
Whether you are an experienced developer, a savvy property investor or looking for your next project, this is an opportunity worth serious consideration.
Existing Accommodation & Rental Income
The current property offers versatile living arrangements:
Three bedrooms upstairs.
A separate downstairs accommodation featuring two bedrooms and one bathroom.
Current combined rental income of approximately $1,000 per week, providing income while you plan your next move.
Approved Resource Consent for Two Additional Homes
A major highlight is the approximately 954sqm site, with Resource Consent already approved for two additional four-bedroom, two-bathroom dwellings at the rear of the property.
This provides an exciting opportunity to take advantage of the approved development plans and explore the potential to create a multi-dwelling investment.
The existing property offers rental income while you investigate the next stage of development, subject to the approved consent conditions and any additional approvals required.
Premium Schooling & Excellent Transport Links
Karori is renowned for its family-friendly environment, popular schools and convenient access to Wellington CBD.
Located within the school zones of sought-after schools, including Wellington College and Wellington Girls’ College, subject to confirmation of current enrolment boundaries.
Just approximately a 3-minute walk to the bus terminus.
Direct bus connections to Wellington CBD and local universities.
Convenient access to local shops, parks and everyday amenities.
The Investment Highlights
Approximately 954sqm of land.
Existing five-bedroom accommodation across two levels.
Current rental income of approximately $1,000 per week.
Resource Consent approved for two additional four-bedroom, two-bathroom dwellings.
Sought-after Karori location with convenient public transport.
An attractive opportunity for investors, developers and long-term land holders.
Secure Your Next Development Opportunity in Karori!
With existing rental income and Resource Consent already approved for two additional dwellings, this property offers a compelling combination of holding income and future development potential in a highly desirable Wellington suburb.
Opportunities with this level of potential deserve your attention.
Contact Neil Yu today for further information or to arrange a viewing.
