Back to Wellington, New Zealand

4/179 The Terrace, Te Aro, Wellington City, Wellington

Wellington, New Zealand

Guide Price

$174,050

295,000 NZD

PROPERTY TYPE

Condo

BEDROOMS

2

BATHROOMS

1

Description

Positioned in a highly sought-after city fringe location, this well positioned apartment offers the perfect balance of convenience and value. With easy access to the motorway and just minutes from the CBD, it's an ideal option for professionals, investors, or those seeking a low-maintenance weekday base. Reasonable body corporate fees add to the appeal, making this a smart and accessible entry into the Wellington market or affordable downsize opportunity. Vacant and ready for immediate possession, this is an opportunity not to be missed. Some of its many

features include: Boutique building of just 13 apartments, with only one neighbour on your floor for added privacy One spacious double bedroom complete with built-in wardrobe Second single bedroom or home office - perfect for modern living! Separate kitchen flowing through to a generous living area North-facing balcony capturing great natural light Single lock-up garage! Extremely rare in apartment living! Guest parking available Owners permitted to rent (subject to approval) Easy walk to everything Wellington City has to offer including Wellington Waterfront, cafes, bars and Parliament Secure building with controlled access NBS rating of 53% Company Share Title Offering an unbeatable combination of location, affordability, parking and low-maintenance living, this apartment represents a compelling opportunity in one of Wellington's most desirable city fringe areas. Whether you're stepping onto the property ladder or adding to your portfolio, this is one you'll want to secure. Call Jane or Tom today to arrange your own private viewing. Tender closes 2pm Thursday 7th May 2026 at Tommy's Real Estate Limited, 209 Victoria Street, Te Aro, Wellington. (Vendor reserves the right to sell prior)

Location

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Living in Wellington

New Zealand's compact capital, dubbed 'the coolest little capital in the world' by Lonely Planet, with a vibrant arts and cafe culture that punches well above its weight. The CBD is fully walkable and public transit usage is the highest in NZ, but prepare for relentless wind -- it's literally the windiest city in the world. Locals are genuinely friendly and the expat community integrates easily, though the cost of living is high for its size.

Morning surf before work, weekends tramping through Lord-of-the-Rings landscapes, and a laid-back culture where shoes are optional and nature is never more than ten minutes away.

Visa

Skilled Migrant Category Resident Visa โ€” points-based system requiring a skilled job offer in NZ. New pathways opening August 2026 for trades workers and those with 5+ years experience. Accredited Employer Work Visa is the faster route if you already have a job offer.

Learn more: The Complete Guide to Moving to New Zealandโ†’

Key Fact

NZ has strict biosecurity laws โ€” importing food, plants, or outdoor gear can result in heavy fines. The work-life balance is exceptional, but the job market is small and remote from everywhere.

Learn more: What You Need to Know Before Moving Abroadโ†’
See all New Zealand listings

New Zealand at a glance

How New Zealand scores for American expats

๐Ÿ’ฐCost of Living
Expensive
๐Ÿ›ก๏ธSafety
Very safe
๐Ÿ—ฃ๏ธEnglish Spoken
Widely
๐ŸฅHealthcare
Excellent
๐ŸŒฌ๏ธAir Quality
Clean
๐Ÿ“ถInternet
Moderate
๐ŸšถWalkability
Moderate
๐Ÿš‡Transit
Limited

Cost of buying in New Zealand

Estimated fees and ongoing costs for this property

Closing Costs

3-5% of purchase price

  • ยทNo stamp duty
  • ยทLegal/conveyancing: NZ$1,500-3,000
  • ยทBuilding inspection: NZ$500-800
  • ยทLIM report: NZ$300-400

Annual Costs

Property Tax

0.3-1.5% of government valuation (varies by council)

Insurance

NZ$1,500-3,000/yr

HOA / Condo Fees

NZ$300-600/mo for apartments (body corporate)

Good to Know

Agent Fees

Seller pays (2.5-4%)

Foreign Buyer Note

Foreign buyers BANNED from existing homes (2018 ban). Can only buy new-build apartments in large developments.

Interested in this property?

Send us a message โ€” we'll review and reply within 1โ€“2 business days. You'll always see the original portal link too.

View original listing on realestate.co.nz

Legal help in New Zealand

Hire your own attorney โ€” not the seller's. We'll match you with a vetted local lawyer.

Need a local attorney in New Zealand?

We'll connect you with an independent, English-speaking real estate attorney experienced with foreign buyers. Not the seller's lawyer โ€” yours.

Contact Agent

Tom Fuller - Tommy's Real Estate Ltd (Licensed: REAA 2008) - Tommys Wellington

Next steps for moving to New Zealand

Interested in this property? Here's how to move forward.

1

Understand the buying rules

Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.

2

Sort out your visa

Owning property doesn't give you the right to live there. Research residency options before you buy.

3

Plan your finances

Understand currency risk, international wire transfers, and whether you can get a local mortgage.

4

Know your tax obligations

US citizens are taxed on worldwide income. You'll need to file US taxes from abroad and may owe local taxes too.

5

Set up healthcare

Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.

6

Run the full checklist

Banking, mail forwarding, power of attorney, pet import rules โ€” the complete pre-move checklist.

Source

realestate.co.nz

Portal listings

Currency

NZD