Cashflow positive $1,200 pw based on 100% borrowing and after all expenses
Zoned Medium Density Residential within an Intensification Precinct - buildings up to 18m permitted
5,197m² freehold site - significant land holding with major development upside
9 separate income streams providing strong risk diversification across the portfolio
Overview
About this portfolio
A rare Wellington portfolio of 9 fully tenanted houses on a single 5,197m² freehold site. Comprising 3 x four bedroom houses and 6 x three bedroom houses, the portfolio delivers $5,395 per week in rental income across 30 bedrooms and 1,005m² of floor area.
With a 2025 registered valuation of $3,270,000 and cashflow positive at 100% borrowing, this is a portfolio that works from day one. The real kicker is the zoning - Medium Density Residential within an Intensification Precinct, allowing buildings up to 18 metres. Hold for cashflow now, develop for significant upside later.
The numbers
Financial summary
Price
By Negotiation
Registered valuation
$3,270,000 (2025)
Weekly rental income
$5,395 pw
Annual gross income
$280,540 pa
Gross yield
10.0%
Number of dwellings
9
Bedrooms
30
Bathrooms
9
Toilets
12
Floor area
1,005m²
Land area
5,197m²
Title
Freehold
Council rates
$28,503 pa
Insurance
$20,863 pa
Cashflow positive
$1,200 pw *
Income breakdown
9 income streams
Dwelling type
Number
Weekly Rent
4 Bedroom House
3 dwellings
$1,800 pw
3 Bedroom House
6 dwellings
$3,595 pw
Total
9 dwellings
$5,395 pw
Individual rental figures available in the info pack.
Development potential
Zoned Medium Density Residential within an Intensification Precinct
Site allows for buildings up to 18 metres in height
5,197m² freehold landholding - significant scale for future development
Hold and collect strong cashflow now - develop for major upside when the time is right
Property features
Key features
9 fully tenanted dwellings
5,197m² freehold site
3 x 4 bedroom houses
6 x 3 bedroom houses
30 bedrooms total
1,005m² floor area
Medium density zoning
18m height allowance
Reg val $3,270,000 (2025)
$280,000 pa gross income
* Cashflow figures are based on 100% borrowing at current interest rates and after expenses including rates, insurance, and property management. Individual results may vary. This information is provided as a guide only and does not constitute financial advice.
