Listed: Tue, 14 Apr

Twin-Key Beachside Apartment with Carpark

12/370 Oriental Parade, Oriental Bay, Wellington, Wellington

Enquiries over $819,000

3 Beds
2 Baths
2 Living areas
110m² Floor

Other Features

1 Garage parking

Attribute	Value
Property type	Apartment
Capital value (CV)	$890,000
Parking	Garages: 1
Agency reference	RX4988523
Broadband in the area	Fibre, Cable, Satellite, Wireless

Opportunities like this are hard to find in Oriental Bay. Positioned within the former Rafaelle Hotel and right across the road from the beach, this twin-key apartment combines premium location, flexible living, and impressive income potential in one smart package. Whether you are a first-home buyer looking to offset the mortgage, an investor chasing strong returns, or someone wanting space for family, guests, or short-stay use, this is a compelling blue-chip option.

Twin-key apartment setup comprising a two-bedroom apartment plus a separate self-contained studio
Premium beachside position in Oriental Bay, directly opposite the waterfront and moments from the city
North-west facing aspect with excellent sun and wide views across the bay, park, sea, and city
Fantastic home-and-income or investment proposition with recent rental figures of $795 per week for the two-bedroom apartment and $490 per week for the furnished studio
Great option for buyers wanting to live in one and rent the other to help reduce mortgage costs
Two-bedroom apartment includes open living, one bathroom, a modest front deck with park and sea/city outlook, plus a second rear deck off the second bedroom
Separate studio offers generous open-plan kitchen, living, and sleeping space, along with its own bathroom and excellent outlook
Very good condition throughout with tiled bathrooms and engineered stone kitchen benches
Generous lawn in front of the building enhances the relaxed beachside setting
Easy walk to the city for work, dining, entertainment, and everyday convenience in one of Wellington's most desirable suburbs
Secure single carpark
BC levies $16,734.65pa
RV $890,000
Rates $5,397.44pa

This will appeal to first-home buyers, professionals, extended families, and investors looking for flexibility, lifestyle, and strong income in a tightly held waterfront location. Dual-income opportunities in Oriental Bay are rarely available, and this one offers sun, views, parking, and proven rental appeal, so make sure you view this Sunday. I reckon you will probably love it!

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

Open home times

No times scheduled

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