24 Thurleigh Grove Karori, Wellington City

Positioned on a prominent corner site in a popular Karori location, 24 Thurleigh Grove offers a dual-income footprint well-suited for residential investors seeking immediate cashflow potential and long-term capital stability.

Key Financial Highlights

• Secured Downstairs Income: Fixed 12-month tenancy in place starting 24 October 2026 at $560 per week ($29,120 per annum).
Upstairs Income Potential: Written rental appraisal from Quinovic of $670 - $700 per week.
• Combined Estimated Weekly Rent: $1,230 - $1,260 per week ($63,960 - $65,520 per annum).
• Target Price Point: $775,000.
• Potential Gross Yield: 8.25% to 8.45% (Midpoint ~8.35% Gross Return).

Property Configuration

• Upstairs (3-Bed Main Residence): Spacious open-plan living and dining with elevated suburban views, dedicated heat pump, standard 3-bedroom layout, offering strong appeal for families or sharing professionals seeking top school zoning.
• Downstairs (2-Bed + Study Unit): Self-contained dwelling format featuring 2 bedrooms plus study, separate living area, independent heat pump, and private access.
• Site & Parking: approx. 455m2 freehold corner section with off-street parking and carport.

Location & Demand Drivers

• School Zoning: Zoned for Wellington College, Wellington Girls' College, and Karori West Normal School (prospective buyers should independently verify current Ministry of Education enrolment boundaries).
• Access & Amenities: Close proximity to Karori shops, public transport routes servicing Victoria University and Wellington CBD, and local parks.

Disclaimer: Yield figures are gross returns calculated using actual secured tenancy income ($560/wk) and independent rental appraisal ($670-$700/wk) against a target price baseline of $775,000. Figures exclude outgoings such as council rates, insurance, property management, and maintenance. Prospective buyers must perform their own independent financial, legal, and technical due diligence