94 properties · Khandallah, Wellington

Mandalay Terrace, Khandallah

Mandalay Terrace in Khandallah has 94 properties, valued by the council between $510,000 and $2,590,000 with a median of $950,000 (Khandallah: $1,170,000). More of its homes were built in the 1930s than in any other decade. We estimate its homes at a median $891,000. 4 sold in the last twelve months, for a median $950,000. The highest sale in 2026 was 34 Mandalay Terrace, at $900,000.

$950kmedian council valuation
$891kour median estimate
$950kmedian sale, last 12 months · 4 sales
1970median year built
WellingtonKhandallah ×Mandalay Terrace ×

96 properties on Mandalay Terrace, Khandallah

Highest and lowest on Mandalay Terrace

Highest-valued home24B Mandalay Terrace$2,590,000council valuation · 5 bed · 385 m² floor · 1,198 m² land
Lowest-valued home1/63 Mandalay Terrace$510,000council valuation · 2 bed · 60 m² floor
Highest sale in 202634 Mandalay Terrace$900,000sold 3 Mar 2026 · 3 bed · 120 m² floor · 697 m² land

Property values on Mandalay Terrace

The council values Mandalay Terrace's 81 rated properties between $510,000 and $2,590,000. The middle half sit between about $825,000 and $1,130,000; the median is $950,000 and the mean $1,032,963.

Lowest: $510k$510kLowest10%: $630k20%: $790k20%30%: $860k40%: $900k40%Median: $950k60%: $980k60%70%: $1.05m80%: $1.21m80%90%: $1.55mHighest: $2.59m$2.59mHighest
BedroomsHomesMedian council valueSold, last 12 monthsMedian sale
211$620k1—
349$950k3$1.0m
418$1.15m0—
5+3$1.97m0—

Council rating valuations: the council's figure for apportioning rates, not a market appraisal.

Mandalay Terrace compared with Khandallah

Mandalay Terrace's median council value is 19% below Khandallah's.

Mandalay TerraceKhandallahWellington
Median council value$950k$1.17m$900k
Median sale, last 12 months$950k$1.06m$875k
Sold in the last 12 months4.3%3.7%1.7%
Time between sales7.2 yrs11.3 yrs10.5 yrs
Median section464 m²577 m²569 m²
Median year built197019601970
Council value per m² of floor$7k$6k$6k

Mandalay Terrace house prices over time

Median sale price by year; 2026 is the year so far. A year with fewer than two sales has no bar.

2016: $592k (9 sales)$592k20162017: $794k (4 sales)2018: $1.03m (2 sales)20182019: $845k (7 sales)2020: $950k (3 sales)20202021: $1.31m (4 sales)2022: $2.06m (2 sales)$2.06m20222023: $1.15m (3 sales)2024: $943k (6 sales)20242025: $1.0m (3 sales)2026: $808k (2 sales, this year so far)$808k2026
Sales by year as a table
YearSalesMedian pricePer m² floor
20262$807,500$8,219
20253$1,000,000$7,576
20246$942,500$8,615
20233$1,150,000$7,099
20222$2,055,500$8,028
20214$1,307,500$9,414
20203$950,000$7,917
20197$845,000$5,464
20182$1,025,500$5,871
20174$794,050$7,286
20169$592,000$5,263

Recent sales on Mandalay Terrace

The homes on Mandalay Terrace

Mandalay Terrace has 70 houses, 12 apartments and 4 units and townhouses. More were built in the 1930s than in any other decade (30%).

1920s: 3 (3 homes)31920s1930s: 24 (24 homes)241940s: 9 (9 homes)1940s1950s: 1 (1 home)1960s: 1 (1 home)1960s1970s: 10 (10 homes)1980s: 1 (1 home)1980s1990s: 1 (1 home)2000s: 15 (15 homes)2000s2010s: 15 (15 homes)2020s: 1 (1 home)12020s

How long owners stay on Mandalay Terrace

Homes on Mandalay Terrace that resold in the last five years had been held a median 7.2 years (Khandallah: 11.3 years).

Time between a home's sales, for 17 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.

Building and resource consents on Mandalay Terrace

1building consents in the last 5 years
1resource consents in the last 5 years
  • 46 Mandalay Terrace1 Nov 2024 · Building consentR3 - new build. Construction of two, two-storey multi-unit townhouses.
  • 46 Mandalay Terrace11 Mar 2022 · Resource consentLand use: Four new townhouses to replace an existing single dwelling

Sales and valuations as at 11 September 2026, from council and LINZ records. Medians resting on fewer than 3 sales are not shown.