
Central Terrace in Kelburn has 74 properties, valued by the council between $880,000 and $3,400,000 with a median of $1,925,000 (Kelburn: $1,275,000). Most of its homes were built in the 1900s. We estimate its homes at a median $1,790,000. 1 sold in the last twelve months. The highest sale in 2026 was 25 Central Terrace, at $1,600,000.
























The council values Central Terrace's 49 rated properties between $880,000 and $3,400,000. The middle half sit between about $1,277,500 and $2,206,000; the median is $1,925,000 and the mean $1,853,469.
| Bedrooms | Homes | Median council value | Sold, last 12 months | Median sale |
|---|---|---|---|---|
| 2 | 6 | $1.26m | 0 | — |
| 3 | 13 | $1.3m | 1 | — |
| 4 | 18 | $2.04m | 0 | — |
| 5+ | 11 | $2.25m | 0 | — |
Council rating valuations: the council's figure for apportioning rates, not a market appraisal.
Central Terrace's median council value is 51% above Kelburn's.
| Central Terrace | Kelburn | Wellington | |
|---|---|---|---|
| Median council value | $1.93m | $1.27m | $900k |
| Sold in the last 12 months | 1.4% | 2% | 1.7% |
| Time between sales | 12.3 yrs | 12.2 yrs | 10.5 yrs |
| Median section | 534 m² | 473 m² | 569 m² |
| Median year built | 1900 | 1910 | 1970 |
| Council value per m² of floor | $9k | $7k | $6k |
Median sale price by year; 2026 is the year so far. A year with fewer than two sales has no bar.
| Year | Sales | Median price | Per m² floor |
|---|---|---|---|
| 2026 | 1 | $1,600,000 | $4,571 |
| 2024 | 1 | $1,380,000 | $4,539 |
| 2023 | 4 | $2,417,500 | $11,688 |
| 2022 | 2 | $2,775,000 | $11,809 |
| 2021 | 12 | $1,549,000 | $16,631 |
| 2020 | 2 | $3,010,000 | $10,387 |
| 2018 | 1 | $1,720,000 | $6,370 |
| 2017 | 2 | $2,192,500 | $9,656 |
| 2016 | 2 | $1,475,500 | $6,316 |
Central Terrace has 65 houses, 4 units and townhouses and 3 apartments. Most were built in the 1900s (53%).
Homes on Central Terrace that resold in the last five years had been held a median 12.3 years (Kelburn: 12.2 years).
Time between a home's sales, for 8 resales in the last five years. A home not sold since our records begin is not counted, so owners who stay longest are under-represented.
Every street in Kelburn, and the suburb's house prices and sales.
Sales and valuations as at 11 September 2026, from council and LINZ records. Medians resting on fewer than 3 sales are not shown.