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204/5 Aitken Street, Thorndon, Wellington, 1 Bedrooms, 1 Bathrooms, Studio

$199,000

204/5 Aitken Street, Thorndon, Wellington

1
1
26m2
StudioListed on Sun Dec 1
Price dropMost PopularNearby train station

Thorndon 1 Bedroom High Yield City Apartment - 7.9% net*

This well proportioned studio apartment has been both a convenient Capital City bolt hole, and in more recent years a strong yielding investment property for the owner, who only reluctantly sells as retirement has taken him away from Wellington.

The location provides the best that Wellington has to offer just a short stroll away, with Government Headquarters, Victoria University Law Campus and the Lambton Quay shopping district all within a 5 minute walk.

Public transport around the greater Wellington region is provided by local bus and train hubs just around the corner, while the property also falls within the Mevo and CityHop rental zones.

Be it a Wellington retreat for business or pleasure, a stable high yielding income stream, or a secure premises for children as they attend the next level of education, opportunity is here for a low maintenance, easy care lifestyle.

• Potential yield of 7.9%* net of Body Corporate and Council Rates

• Rental Appraisal $380-$420 per week

• Body Corp Levy $4,088.35 pa

• Rates $1,161.56 pa

• Floor area approx 26sqm (as per Property Smarts)

The property is competitively priced to sell with vacant possession, ready for occupation or a new tenant to move in.

A comprehensive property information pack is available upon request.

To secure your private viewing, please contact Matt Ross on 022 085 1459.

*Calculated on a rental figure of $420 per week being achieved as per the independent appraisal from Comprende Property Management.

Location

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Council Data

Last update : 2025 01 15
Improvement value$115,000Increased by 9% from year 2018
Land value$105,000Increased by 23% from year 2018
CV(Year 2021 Month 09)$220,000Increased by 15% from year 2018
View typeFocal Point Of view - Other
ContourLevel
Floor area26m²
Decade of construction2003
Title59301
Type of titleUnit Title
Legal descriptionUNIT 204 UP 315036 - 1/112 SH IN AU1 & 1/16 SH IN AU2
CouncilWellington
Estate descriptionSTFH,1/1,UNIT 204 AND 1/112 SHARE OF ACCESSORY UNIT 1 AND 1/16 SHARE OF ACCESSORY UNIT 2 DEPOSITED PLAN 315036
ConstructionExternal Walls: Concrete
Roof: Mixed Materials
ConditionExternal Walls: Good
Roof: Good

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Wellington Girls' College
0.21 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 374
10
Thorndon School
0.36 km
Primary
1-8
Government
Co-Educational
EQI: 373
10
Wellington High School and Com Ed Centre
2.65 km
Secondary
9-15
Government
Co-Educational
EQI: 406
9
Wellington College
2.95 km
Secondary
9-15
Government
Single Sex-Boys
EQI: 379
10
St Oran's College
14.02 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 378
10

Property history

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Surrounding facilities

Aitken Street Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
0.00 km
1
1
19m2
Year 2024 Month 11 Day 27
$169,000
Council approved
4i/42 Molesworth Street, Thorndon
0.14 km
3
2
189m2
Year 2024 Month 10 Day 03
-
Council approved
0.14 km
2
1
95m2
Year 2024 Month 09 Day 07
$975,000
Council approved
40/43 Mulgrave Street, Thorndon
0.45 km
2
1
72m2
Year 2024 Month 08 Day 16
-
Council approved
40/43 Mulgrave Street, Thorndon
0.45 km
2
1
72m2
Year 2024 Month 07 Day 26
$510,000
Council approved

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Ref:BDN34124Last update:2025-01-14 10:46:07