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12/370 Oriental Parade, Oriental Bay, Wellington City

Name: Open Home - 04:00pm - 04:30pm
Start: 2026-04-16T04:00:00.000Z
End: 2026-04-16T04:30:00.000Z
Location: 12/370 Oriental Parade

Enquiries Over $819,000

3

2

1

110m²

Twin-Key Beachside Apartment with Carpark

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

- Body Corporate levies $9,273.33pa

- RV $890,000

- Rates $5,397.44pa

For sale by TENDER - Offers invited from $819,000

- Closes 1pm Thursday 30 April 2026

- At Lowe&Co Realty, 8 Kent Tce, Wellington

- The vendors will not consider offers prior to the tender deadline

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).!

Additional details

Type

Apartment

Property ID

RX4988523

Listed on

14/04/2026

Updated

yesterday

Open Homes3

Thu, 16 Apr

04:00PM - 04:30PM

Sun, 19 Apr

01:00PM - 01:30PM

Sun, 26 Apr

01:00PM - 01:30PM

Property insights

OneRoof estimateRating valuationEstimate over timeProperty history

OneRoof estimate

OneRoof mentions

Listed for sale on OneRoof for 1 days (last updated on 14 April) and was last sold in 2005 for $824,976. OneRoof now estimates this property to be $890,000 and its latest rating valuation by Wellington City council is $890,000 as of 2024. There are 6 3-bedroom properties for sale nearby. There are 12 properties for sale in Oriental Bay.

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Property data

On OneRoof

1 days

Property Type

Apartment

Floor Area

110m²

Decade Built

2000s

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Time (yrs)

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Oriental Bay, Wellington City

Oriental Bay is a suburb which lies within the Territorial Authority of Wellington, one of 52 residential suburbs which form the wider region. Oriental Bay is the 34th largest suburb of Wellington in terms of the total number of residential housing stock. Oriental Bay provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1890 - 1899. The majority of the residential housing stock in the locality was constructed between 2000 - 2009. Residential housing stock in Oriental Bay is made up of approximately 87% residential housing and 13% residential investment housing properties.

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