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11 Mt Pleasant Road, Aro Valley, Wellington City

Tender

3

120m²

374m²

Smart Investment

This outstanding three-flat property is simply one of the best investment opportunities we've seen.

Perched on the sunny side of Aro Valley, with a peaceful green outlook, yet steps from the buzz of the city, is this superb three flat property.

Meticulously maintained and showcasing a new roof and gorgeous exterior paint job, it has been a sound rental property, attracting long standing, excellent tenants, and full occupancy throughout the year.

The three separate flats, each on their own level, are all Healthy Homes' compliant, with good heating, insulation and ventilation in place. Each dwelling has its own private access, bathroom, kitchen, laundry and living area. They are north facing with sun, lovely natural light, tranquil views, and neutral colour scheme throughout.

The top flat is a larger 1 bedroom rented for $500/week with a new bathroom

The middle 1 bedroom flat is rented for $425/week with new carpet

The bottom flat is a studio rented for $330/week

Returning $1,255 per week, all tenants have recently renewed 12 month fixed term tenancies until Feb 2027.

This is a rare and versatile opportunity - ideal for astute investors wanting to grow their portfolio. With low interest rates and property remaining a tangible, trusted asset, the long-term confidence in this investment is clear.

Additional details

Type

Home & Income

Property ID

KOR30765

Listed on

29/01/2026

Updated

yesterday

Property insights

OneRoof estimateRating valuationProperty history

Rating valuation

OneRoof mentions

Listed for sale on OneRoof for 6 days (last updated on 29 January) and was last sold in 2008 for $495,000. Its latest rating valuation by Wellington City council is $990,000 as of 2024. There are 7 3-bedroom properties for sale nearby. There are 15 properties for sale in Aro Valley.

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61 Mount Pleasant Road, Aro Valley

3

2

Property data

Time On OneRoof

6 days

Type of title

Freehold

Floor area

118m²

Land area

374m²

About the area

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Aro Valley, Wellington City

Aro Valley is a suburb which lies within the Territorial Authority of Wellington, one of 52 residential suburbs which form the wider region. Aro Valley is the 27th largest suburb of Wellington in terms of the total number of residential housing stock. Aro Valley provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1880 - 1889. The majority of the residential housing stock in the locality was constructed between 1900 - 1909. Residential housing stock in Aro Valley is made up of approximately 79% residential housing and 21% residential investment housing properties.

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