Hyde Lane, Apartment 109 & 110, 11 Courtney Place, Te Aro, Wellington Central
Welcome to Hyde Lane, a luxurious high-rise property that stands tall above the rest, offering an extraordinary vantage point with breathtaking views of Wellington Harbour and the city skyline. Nestled harmoniously in the heart of Courtenay Place, this architecturally designed dual-key apartment compromises of two one bedroom apartments.
Designed to blend seamlessly with its historical and contemporary surroundings, Hyde Lane rises gracefully into the blue skies. At the lower levels, the brick cladding pays homage to Te Aro's iconic masonry style. Vertical fins gracefully traverse the facade as the building ascends, creating a visual rhythm that dissolves and softens the skyline, this marriage of classical architectural principles with a modern aesthetic results in a unique and iconic structure.
Step inside Hyde Lane and discover design-led floor plans meticulously positioned to maximize harbor and city views. The interiors are a testament to meticulous attention to detail, with a refreshing light palette and refined natural finishes. High-quality fittings, appliances, and tiling are thoughtfully selected to ensure longevity and elegance.
These homes are more than just residences, they are built to exacting standards of efficiency and usability, offering an effortless flow of space. Built-in joinery and storage solutions ensure no wasted space and provide a comfortable apartment that sets a new standard in urban living without compromise.
For those seeking a balanced lifestyle, Hyde Lane offers a private residents' wellness retreat with an indoor pool, sauna, and gymnasium, all overlooking a lush garden terrace, your perfect oasis for unwinding after a long day.
Completion Due Q4 2024
Location
If you work in the CBD, you'll appreciate the convenience of a 10-minute walk to Lambton Quay or the option to catch a train with the nearby bus stop right in front of the laneway. Hyde Lane's location places you within a short stroll of Mt Victoria, Oriental Parade, and Waitangi Park, ensuring you can embrace the city's best outdoor spaces.
New World Wellington City 450m
Te Papa Museum 550m
Wellington Regional Hospital 2.0km
Sky Stadium 2.4km
Wellington Airport 6.1km
Note: Cost to own and cashflows are approximate examples only. Actual results achieved will vary based on purchase price, interest rate, deposit %, providing carparks, providing furniture, insurance, property rates and rental rate. Please download free analysis software to complete your own analysis. Our team can help you with this, so don’t hesitate to contact us.
Investment Analysis
Investing in Wellington Central's apartment market presents a compelling opportunity for several reasons. Firstly, Wellington is New Zealand's capital city and a major economic hub, attracting a steady stream of professionals and businesses. This creates strong demand for housing, especially in central areas like Wellington Central, where people want to live close to work, amenities, and entertainment options.
Secondly, Wellington has a thriving cultural scene, with numerous theaters, galleries and restaurants. This makes it an attractive destination for tourists, further driving demand for short-term and long-term rental properties. Additionally, Wellington is home to several universities, which means there is a constant influx of students looking for accommodation.
Thirdly, Wellington's apartment market has shown resilience in economic downturns; even during periods of economic uncertainty, the demand for housing in Wellington Central has remained strong, which can only benefit investors looking for a high-yielding property with a stable income stream.
Overall, investing in Wellington Central's apartment market can be a smart move due to the city's economic strength, cultural appeal, and resilience in the face of economic downturns.
Investment Overview
Strategy: Off the plan Upside: Growth prior to settlement Rent: Unfurnished Deposit: 10% Title: Freehold Unit Title
Investment Type
Dwelling: Apartment Growth: High Yield: High Pros: Very High Cashflow, High Tenant Demand
Suburb Performance
Median sale price 10 years: +57% Median sale price 20 years: +132% Capital growth 10 years: 4.59% Capital growth 20 years: 4.30%