Back to Wellington, New Zealand

40 Pitt Street, Wadestown, Wellington City, Wellington

Wellington, New Zealand

Guide Price

$983,100

1,695,000 NZD

PROPERTY TYPE

house

BEDROOMS

5

BATHROOMS

4

40 Pitt Street, Wadestown, Wellington City, Wellington - Photo 2
40 Pitt Street, Wadestown, Wellington City, Wellington - Photo 3
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Description

VIEWING BY APPOINTMENT This iconic Wadestown property offers so much on so many levels. The property is currently configured as two very smart apartments, plus a very stylish commercial space, currently accommodating the renowned David's Hairstylist's. The dwellings are comprised of a modern two bedroom apartment on the upper level, with two bathrooms and open plan kitchen living area with a double height stud plus a large conservatory - Where the weather is always good! There is a double bedroom with a sunny outlook on this level, which also opens to the deck off the living area. From the high stud living area, a stairway leads to a light-filled mezzanine master bedroom with ensuite and walk and robe. The ground level of the property is divided into a generous three-bedroom apartment and large commercial space which has been utilised for several different functions throughout its history and which the current owners have operated as the very successful David Hairstylist's for the last 53 years in Wadestown 31 of those in Pitt Street. The business is also available for sale to any genuine buyers who recognise the established goodwill and extensive loyal client list. In summary, on offer we have a three level building comprising a two bedroom apartment with two bathrooms and a three bedroom apartment with two bathrooms and a hairdressing salon on the ground level. All of this is greatly enhanced by the prestigious Wadestown

location and the incredible array of local

amenities on offer here, including; Very close to the city On the bus route Sought-after schools and zoning All day sun Fantastic parks and reserves Panoramic views All in all, this is a very special offering. Rarely do you get high-quality buildings in a premier suburb offering fantastic living plus generous income options. Whether you are looking for a home, a business, a great investment, or any combination of these. Give us a call today to arrange your private viewing. Stuff Article: https://www.stuff.co.nz/home-property/360458368/capital-hairdresser-who-styled-four-generations-sells-his-salon-and-home

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 — 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
See all New Zealand listings

New Zealand at a glance

How New Zealand scores for American expats

💰Cost of Living
Expensive
🛡️Safety
Very safe
🗣️English Spoken
Widely
🏥Healthcare
Excellent
🌬️Air Quality
Clean
📶Internet
Moderate
🚶Walkability
Moderate
🚇Transit
Limited

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

Wayne Sampson - 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 — the complete pre-move checklist.

Source

realestate.co.nz

Portal listings

Currency

NZD