Listed: Tue, 5 May

First Time in 40 Years – Nest, Invest or Develop

61 Heke Street, Ngaio, Wellington, Wellington

Price by negotiation

3 Beds
3 Baths
3 Living areas
160m² Floor
1131m² Land

Attribute	Value
Property type	House
Capital value (CV)	$940,000
Parking	Open Spaces: 3
Agency reference	RX5067333
Broadband in the area	Fibre, ADSL, Cable, Satellite, Wireless

** Offers invited over: $850,000 **

Held and carefully maintained for four decades, this is a rare chance to secure a versatile, income-generating property in sought-after Ngaio. Set on a substantial 1,131sqm^ site, this well-presented block of three one-bedroom flats offers immediate returns with future upside, whether you’re looking to invest, develop, or occupy while earning.

First time on the market in 40 years – tightly held and well maintained
Three self-contained one-bedroom flats, each with their own bathroom and separate living room
Flexible configuration with the top unit currently vacant – ideal for owner-occupiers or full tenancy
Consistent rental appeal with easy-to-manage layouts
Generous 1,131sqm^ section offering potential for future development (subject to due diligence)
Sunny aspect providing a light-filled, comfortable living environment
Off-street parking available for tenants
Located in popular Ngaio, with easy access to key transport routes and the highway for convenient commuting

This is an excellent fit for investors seeking reliable income, developers looking for land potential, or buyers wanting to live in one and rent the rest. Opportunities like this are seldom available in such a tightly held location.

Potential rental income of $1,220 per week when all three units tenanted.

NB: With respecting our tenants quiet enjoyment, viewings are limited by appointment only. Information Pack available upon viewing.

^Source of information: Property Guru, Nexus, Wellington City Council (non-verified).

Open home times

No times scheduled

Property Files

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Local Schools

IN ZONE ngaio school
45 Abbott Street
688 m
Contributing (Primary), State, 290 enrolled
IN ZONE crofton downs primary school
21 Chartwell Drive
929 m
Contributing (Primary), State, 156 enrolled
IN ZONE wellington girls' college
18 Pipitea Street
2.8 km
Secondary (Year 9-13) (Secondary), State, 1436 enrolled

IN ZONE onslow college
Burma Road
3.3 km
Secondary (Year 9-13) (Secondary), State, 1284 enrolled
IN ZONE raroa normal intermediate
37 Haumia Street
3.5 km
Intermediate (Intermediate), State, 587 enrolled
IN ZONE st oran's college
550 High Street
13.5 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 507 enrolled
IN ZONE hutt international boys' school
Granville Street
25.7 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 655 enrolled
OUT OF ZONE wadestown school
Rose Street
1.2 km
Full Primary (Primary & Intermediate), State, 244 enrolled
UNZONED st benedict's school (khandallah)
50 Nicholson Road
1.9 km
Full Primary (Primary & Intermediate), State : Integrated, 215 enrolled
OUT OF ZONE khandallah school
20 Clark Street
2 km
Contributing (Primary), State, 291 enrolled
OUT OF ZONE ōtari school
166 Wilton Road
2.1 km
Full Primary (Primary & Intermediate), State, 205 enrolled
UNZONED queen margaret college
53 Hobson Street
2.5 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), Private : Fully Registered, 760 enrolled
UNZONED te aho o te kura pounamu
11 Portland Crescent
2.6 km
Correspondence (Primary, Intermediate & Secondary), State, 8733 enrolled
UNZONED st mary's college (wellington)
15 Guildford Terrace
2.7 km
Secondary (Year 9-13) (Secondary), State : Integrated, 553 enrolled
UNZONED samuel marsden collegiate school
Marsden Avenue
4.1 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), Private : Fully Registered, 414 enrolled
UNZONED wellington hills christian college
19-21 Broderick Road
4.4 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State : Integrated, 116 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.