Estimate $1.11m – $1.40m
5
225B The Terrace, Wellington Central
1,176 properties · Wellington Central, Wellington
The Terrace, Wellington Central
The Terrace in Wellington Central has 1,176 properties, valued by the council between $300,000 and $1,310,000 with a median of $620,000 (Wellington Central: $680,000). More of its homes were built in the 1990s than in any other decade. We estimate its homes at a median $618,000. 1 sold in the last twelve months.
$620kmedian council valuation
$618kour median estimate
1sold in the last 12 months
1930median year built
1,176 properties on The Terrace, Wellington Central
Estimate $1.08m – $1.36m
3
5/227 The Terrace, Wellington Central
Estimate $1.02m – $1.35m
3
3/227 The Terrace, Wellington Central
Estimate $1.06m – $1.34m
3
4/227 The Terrace, Wellington Central
$1,190,000 CV
3
3/231 The Terrace, Wellington Central
Estimate $900k – $1.20m
3
1/231 The Terrace, Wellington Central
Finding a picture…
Estimate $838k – $1.11m
4
236 The Terrace, Wellington Central
Estimate $803k – $1.07m
4
1/240 The Terrace, Wellington Central
Estimate $869k – $1.10m
4
12/240 The Terrace, Wellington Central
Estimate $667k – $888k
1
E/223 The Terrace, Wellington Central
Earthquake-prone20–33% NBSWork due Aug 2029Priority
Estimate $666k – $886k
2
6/240 The Terrace, Wellington Central
Estimate $666k – $886k
3
5/240 The Terrace, Wellington Central
Estimate $666k – $886k
3
11/240 The Terrace, Wellington Central
Estimate $695k – $881k
3
15/240 The Terrace, Wellington Central
Estimate $666k – $886k
2
14/240 The Terrace, Wellington Central
Estimate $666k – $886k
3
3/240 The Terrace, Wellington Central
Estimate $666k – $886k
3
4/240 The Terrace, Wellington Central
Estimate $634k – $843k
3
10/240 The Terrace, Wellington Central
Finding a picture…
Estimate $583k – $739k
1
7/226 The Terrace, Wellington Central
Estimate $618k – $784k
3
9/240 The Terrace, Wellington Central
Finding a picture…
Estimate $573k – $762k
2
5/246 The Terrace, Wellington Central
Finding a picture…
Estimate $565k – $751k
2
4/246 The Terrace, Wellington Central
Estimate $601k – $761k
2
13/240 The Terrace, Wellington Central
Finding a picture…
Estimate $549k – $730k
1
2/246 The Terrace, Wellington Central
Highest and lowest on The Terrace
Property values on The Terrace
The council values The Terrace's 62 rated properties between $300,000 and $1,310,000. The middle half sit between about $506,000 and $780,500; the median is $620,000 and the mean $674,597.
| Bedrooms | Homes | Median council value | Sold, last 12 months | Median sale |
|---|---|---|---|---|
| 1 | 22 | $470k | 1 | — |
| 2 | 23 | $620k | 0 | — |
| 3 | 13 | $830k | 0 | — |
| 4 | 3 | $1.01m | 0 | — |
| 5+ | 1 | $1.31m | 0 | — |
Council rating valuations: the council's figure for apportioning rates, not a market appraisal.
The Terrace compared with Wellington Central
The Terrace's median council value is 9% below Wellington Central's.
| The Terrace | Wellington Central | Wellington | |
|---|---|---|---|
| Median council value | $620k | $680k | $900k |
| Sold in the last 12 months | 0.1% | 0% | 1.6% |
| Time between sales | 18.1 yrs | — | 10.5 yrs |
| Median section | 287 m² | 284 m² | 570 m² |
| Median year built | 1930 | 1930 | 1970 |
| Council value per m² of floor | $8k | $8k | $6k |
The Terrace house prices over time
Median sale price by year; 2025 is the year so far. A year with fewer than two sales has no bar.
Sales by year as a table
| Year | Sales | Median price | Per m² floor |
|---|---|---|---|
| 2025 | 1 | $520,000 | $10,400 |
| 2024 | 4 | $614,625 | $9,595 |
| 2022 | 4 | $433,000 | $10,229 |
| 2021 | 2 | $1,045,000 | $9,434 |
| 2020 | 4 | $602,500 | $7,689 |
| 2019 | 5 | $770,000 | $7,000 |
| 2018 | 2 | $468,496 | $7,386 |
| 2017 | 4 | $322,500 | $5,762 |
| 2016 | 3 | $450,000 | $6,429 |
Recent sales on The Terrace
- 7/246 The Terrace$520,00019 Sept 2025 · 1 bed · 50 m² floor
- 220 The Terrace$310,00013 Aug 2024 · 1 bed · 30 m² floor
- 5/227 The Terrace$1,280,0005 Aug 2024 · 3 bed · 180 m² floor
- 1/246 The Terrace$719,25026 Jun 2024 · 2 bed · 80 m² floor
- 6A/240 The Terrace$510,00012 Apr 2024 · 1 bed · 50 m² floor
- 220 The Terrace$456,00031 Oct 2022 · 1 bed · 60 m² floor
- 3/246 The Terrace$650,00028 Jul 2022 · 2 bed · 80 m² floor
- 220 The Terrace$370,00024 Mar 2022 · 1 bed · 30 m² floor
- 220 The Terrace$410,00017 Jan 2022 · 1 bed · 30 m² floor
- 6/226 The Terrace$690,00016 Dec 2021 · 1 bed · 60 m² floor
- 4/227 The Terrace$1,400,00018 Feb 2021 · 3 bed · 190 m² floor
- 220 The Terrace$341,75014 Oct 2020 · 1 bed · 30 m² floor
- 7/226 The Terrace$495,00021 Aug 2020 · 1 bed · 80 m² floor
- 8/240 The Terrace$745,00031 Mar 2020 · 2 bed · 90 m² floor
- 13/240 The Terrace$710,00010 Feb 2020 · 2 bed · 100 m² floor
- 7/240 The Terrace$725,0002 Dec 2019 · 2 bed · 90 m² floor
- 9/240 The Terrace$770,00031 Oct 2019 · 3 bed · 110 m² floor
- 225B The Terrace$1,210,00023 Oct 2019 · 5 bed · 200 m² floor
- 12/240 The Terrace$1,090,00024 Sept 2019 · 4 bed · 180 m² floor
- 6/246 The Terrace$410,00013 Jun 2019 · 2 bed · 50 m² floor
The homes on The Terrace
The Terrace has 1,102 apartments and 39 houses. More were built in the 1990s than in any other decade (39%).
How long owners stay on The Terrace
Homes on The Terrace that resold in the last five years had been held a median 18.1 years .
Time between a home's sales, for 9 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 The Terrace
11resource consents in the last 5 years
- 112-114 The Terrace19 May 2025 · Resource consentLand Use and Subdivision: Alterations and conversion of an existing commercial building to mixed use and unit title subdivision
- 112-114 The Terrace19 May 2025 · Resource consentLand Use and Subdivision: Alterations and conversion of an existing commercial building to mixed use and unit title subdivision
- F/99 The Terrace23 Oct 2024 · Resource consentLand Use: Utilise the basement tenancy for a distillery and retail sale of the products
- 80 The Terrace12 Mar 2024 · Resource consentChange Of Condition to SR538244 relating to exterior decorative CHS poles and downpipes
- 147 The Terrace9 Nov 2023 · Resource consentLand Use: Upgrade an existing building mounted telecommunications facility
The Terrace in other suburbs
More streets in Wellington Central
- Mowbray Street346
- Chews Lane238
- Gilmer Terrace165
- Boulcott Street112
- Johnston Street91
- Church Street88
- Market Lane80
- Lambton Quay65
- Hunter Street48
- Willis Street45
- Customhouse Quay44
- Victoria Street43
Every street in Wellington Central, 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.