20 Durham Street Aro Valley, Wellington City

Invest in a property that delivers on both income and lifestyle. Purpose-built in the 1920s and recently refurbished throughout , this outstanding two-flat property presents an exceptional investment opportunity in one of Wellington's desirable city-fringe locations. Lovingly maintained and carefully self-managed by the current owners over the past eight years, the property has generated an impressive combined rental income of $130,000 per annum, with virtually 100% occupancy throughout their ownership. At the rear of the site, there is the opportunity for two additional rental units, subject to WCC confirmation.

Configuration 5 bed 2 bath upper , 5 bed 1 bath down . Both flats are beautifully presented, featuring modern kitchens, updated bathrooms, fresh interior paint, new carpet . With six off-street parking spaces available, there's also outstanding convenience for tenants and residents alike. Positioned to capture excellent northerly sunshine, both flats enjoy light-filled interiors, while the private terraced backyard provides a wonderful outdoor retreat. Low-maintenance grounds and a grassed area create the perfect setting for summer barbecues and relaxed entertaining. Whether you're an astute investor looking to expand your portfolio or an owner-occupier seeking a home with a substantial supplementary income stream, this property offers options rarely found in today's market.

And the location is hard to beat. Just a five-minute stroll to the vibrant cafe's, restaurants and village atmosphere of Aro Village, approximately 10 minutes by car to the CBD, with public transport conveniently nearby.

• Land area 500 Sqm
• Floor Area 220 Sqm
• Combined rent $2,500 pw
• Leases signed 2027-2028

Properties offering this combination of income, presentation, potential to develop further, parking and location are increasingly hard to find. Don't miss your opportunity to secure this exceptional investment. Get in touch today to arrange your viewing.

Tenders close 3/12/26 1:00pm (will not be sold prior)

Contact Chris or Toby for full info file.

Nb: 3 images contain virtual staging.