810-812/10 Alpha St, Te Aro, Wellington City, Wellington
Wellington, New Zealand
Guide Price
$797,500
1,375,000 NZD
PROPERTY TYPE
Condo
BEDROOMS
3
BATHROOMS
3
Description
Looking for an investment where all you have to do is check your monthly bank balance? Look no further. Seize the opportunity to secure the architect's pick of the new Hyde Lane units and bask in the sun and invest in this stunning new build triple key property, perfectly positioned to capture the beauty of every sunset. Designed with meticulous attention to detail and boasting a coveted west-facing orientation, this property offers three individual units, each promising an unparalleled blend of comfort, convenience, and investment potential. Key
Features: West-Facing Aspect: Embrace the beauty of natural light and picturesque sunsets with this property's sought-after west-facing orientation Triple Key Design: Unlock the potential for multiple rental streams and increased flexibility with three separate units. Complex
Facilities: Your tenants can utilise the onsite swimming pool, sauna, and gym facilities. Prime
Location: Situated in a desirable area known for its strong rental demand and promising growth prospects, this property offers the perfect blend of convenience and investment opportunity. Investment Benefits: Sun-Soaked Living: Attract tenants seeking comfort and relaxation, with west-facing units offering an abundance of natural light and stunning views. Diverse Rental Potential: Appeal to a wide range of renters, from professionals seeking modern urban living to out-of-town weekday work warriors. Long-Term Appreciation: Capitalize on the enduring appeal of west-facing properties, which are highly sought after. Fully tenanted on fixed term leases through until early 2026. Each unit returning $504/week Rental upside Secure Your Future: Stable Returns: Enjoy the peace of mind that comes with a stable and reliable income stream, supported by strong rental demand and the enduring appeal of sunlit living spaces. Smart Investment Don't miss out on this rare opportunity to invest in sunny sophistication and reap the rewards for years to come!
Location
Open in Google MapsLiving 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 — 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 Zealand→Key Fact
NZ has strict biosecurity laws — 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 Abroad→New Zealand at a glance
How New Zealand scores for American expats
Cost of buying in New Zealand
Estimated fees and ongoing costs for this property
Closing Costs
3-5% of purchase price
- ·No stamp duty
- ·Legal/conveyancing: NZ$1,500-3,000
- ·Building inspection: NZ$500-800
- ·LIM 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.
Legal help in New Zealand
Hire your own attorney — 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 — yours.
Contact Agent
Mark Hamilton - 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.
Understand the buying rules
Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.
Sort out your visa
Owning property doesn't give you the right to live there. Research residency options before you buy.
Plan your finances
Understand currency risk, international wire transfers, and whether you can get a local mortgage.
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.
Set up healthcare
Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.
Run the full checklist
Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.
realestate.co.nz
NZD