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Estimate

40 Melrose Road, Island Bay, Wellington

HomesEstimate: $1.11M - $1.25M

4 Beds
2 Baths

Freehold

190m² more or less

1533m² more or less

4 Bedrooms

2 Bathrooms

2 Garage parking

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HomesEstimate

Updated today

Updated: 30 Apr 2026

$1.11M - $1.25M

What is the HomesEstimate?

RentEstimate

Updated: 02 Apr 2026

$650 - $850 /week

Rental yield

3.3%

What is rental yield?

These are computer-generated price estimates.
To understand your home’s value, get an appraisal from a local agent.

Sale history timeline

01 September 2024

Capital Value

$1,170,000

01 September 2021

Capital Value

$1,520,000

23 October 2020

Sold

$N/A

24 March 2020

Sold

$1,060,000

01 September 2018

Capital Value

$800,000

01 September 2015

Capital Value

$550,000

01 November 2013

Sold

$545,000

01 September 2012

Capital Value

$500,000

29 March 2005

Sold

$415,000

31 March 2001

Sold

$N/A

11 December 1986

Sold

$132,000

01 January 1960

Decade built

1960

Local Schools

IN ZONE island bay school
Thames Street
398 m
Contributing (Primary), State, 326 enrolled
IN ZONE wellington east girls' college
Austin Street
3.8 km
Secondary (Year 9-13) (Secondary), State, 1016 enrolled
IN ZONE wellington high school and com ed centre
Taranaki Street
4 km
Secondary (Year 9-13) (Secondary), State, 1679 enrolled

IN ZONE st oran's college
550 High Street
18.7 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 507 enrolled
IN ZONE hutt international boys' school
Granville Street
30.7 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 655 enrolled
UNZONED island bay kindergarten
100 Melbourne Road
367 m
Free Kindergarten (Early Childhood), Community based, 61 enrolled
UNZONED st francis de sales school (is bay)
11 Mersey Street
392 m
Full Primary (Primary & Intermediate), State : Integrated, 204 enrolled
UNZONED island bay playcentre
158 The Parade
565 m
Playcentre (Early Childhood), Community based, 36 enrolled
OUT OF ZONE houghton valley school
110 Houghton Bay Road
741 m
Contributing (Primary), State, 188 enrolled
UNZONED houghton valley playcentre
84 Houghton Valley Road
838 m
Playcentre (Early Childhood), Community based, 26 enrolled
UNZONED owhiro bay kindergarten
96 Happy Valley Road
1.6 km
Free Kindergarten (Early Childhood), Community based, 51 enrolled
UNZONED owhiro bay school
Happy Valley Road
1.7 km
Contributing (Primary), State, 88 enrolled
OUT OF ZONE lyall bay school
Freyberg Street
1.8 km
Contributing (Primary), State, 307 enrolled
OUT OF ZONE berhampore school
105 Britomart Street
1.8 km
Contributing (Primary), State, 267 enrolled
UNZONED lyall bay kindergarten
89 Apu Crescent
1.9 km
Free Kindergarten (Early Childhood), Community based, 54 enrolled
UNZONED south wellington intermediate
30 Waripori Street
2.1 km
Intermediate (Intermediate), State, 373 enrolled
UNZONED st catherines college (kilbirnie)
14 Upper Bourke Street
2.3 km
Secondary (Year 9-13) (Secondary), State : Integrated, 207 enrolled
UNZONED rongotai college
Coutts Street
2.4 km
Secondary (Year 9-13) (Secondary), State, 726 enrolled
UNZONED st patrick's school (kilbirnie)
5 Childers Terrace
2.5 km
Full Primary (Primary & Intermediate), State : Integrated, 124 enrolled
OUT OF ZONE te kura o tawatawa - ridgway school
Mornington Road
2.6 km
Full Primary (Primary & Intermediate), State, 213 enrolled
OUT OF ZONE evans bay intermediate
14 Kemp Street
2.8 km
Intermediate (Intermediate), State, 349 enrolled
UNZONED st patrick's college (kilbirnie)
581 Evans Bay Parade
2.9 km
Secondary (Year 9-13) (Secondary), State : Integrated, 731 enrolled
UNZONED scots college
1 Monorgan Road
3.4 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), Private : Fully Registered, 1136 enrolled
OUT OF ZONE wellington college
Dufferin Street
3.7 km
Secondary (Year 9-13) (Secondary), State, 1940 enrolled

While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.

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