147 properties · Te Aro, Wellington

The Terrace, Te Aro

The Terrace in Te Aro has 147 properties, valued by the council between $490,000 and $2,690,000 with a median of $900,000 (Te Aro: $1,045,000). More of its homes were built in the 1900s than in any other decade. We estimate its homes at a median $844,000. The last sale we have was in March 2021, for $3,500,000.

$900kmedian council valuation
$844kour median estimate
1910median year built
WellingtonTe Aro ×The Terrace ×

147 properties on The Terrace, Te Aro

Highest and lowest on The Terrace

Highest-valued home262 The Terrace$2,690,000council valuation · 6 bed · 243 m² floor · 307 m² land
Lowest-valued home2/237 The Terrace$490,000council valuation · 1 bed · 50 m² floor

Property values on The Terrace

The council values The Terrace's 21 rated properties between $490,000 and $2,690,000. The middle half sit between about $705,000 and $1,340,000; the median is $900,000 and the mean $1,064,762.

Lowest: $490k$490kLowest10%: $540k20%: $670k20%30%: $740k40%: $810k40%Median: $900k60%: $1.08m60%70%: $1.26m80%: $1.42m80%90%: $1.64mHighest: $2.69m$2.69mHighest
BedroomsHomesMedian council valueSold, last 12 monthsMedian sale
13$490k0—
28$745k0—
34$975k0—
44$990k0—
5+2$1.99m0—

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

The Terrace compared with Te Aro

The Terrace's median council value is 14% below Te Aro's.

The TerraceTe AroWellington
Median council value$900k$1.04m$900k
Median section294 m²342 m²569 m²
Median year built191019201970
Council value per m² of floor$8k$7k$6k

Recent sales on The Terrace

The homes on The Terrace

The Terrace has 71 apartments, 57 houses and 5 units and townhouses. More were built in the 1900s than in any other decade (38%).

1890s: 2 (2 homes)21890s1900s: 8 (8 homes)81900s1910s: 5 (5 homes)1910s1920s: 2 (2 homes)1920s1930s: 4 (4 homes)41930s

Building and resource consents on The Terrace

4resource consents in the last 5 years
  • 338 The Terrace3 Feb 2025 · Resource consentLand Use: Construction of a new detached two storey house containing four flats
  • 251 The Terrace5 Sept 2024 · Resource consentExtension Of Time relating to SR400556
  • 350A The Terrace6 Sept 2023 · Resource consentLand use: Earthworks and associated retaining wall.
  • 340 The Terrace14 Oct 2021 · Resource consentLand use: Additions and alterations to existing dwelling

The Terrace in other suburbs

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