Wellington at a glance
4,345
People
$340,000
Median sale
$450/wk
Median rent
6.88%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
NSW › Wellington › Maughan St
$2,070,000
Last sold
30 June 2026
14
Bedrooms
6
Bathrooms
4
Car spaces
1,197 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$2,070,000
30 June 2026 · derived via latest_sale
Local land rate: recorded House sales in Wellington (last 5 years) with land size have a median of $331/m² of land (n=16). Districts calculation from recorded sales — not a valuation.
Wellington at a glance
4,345
People
$340,000
Median sale
$450/wk
Median rent
6.88%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Vs Wellington
+508.8%
Median sale
Suburb $340,000
-5.75 pp
Gross yield
Suburb 6.88%
Suburb median $340,000 from 11 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
NSWPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $450/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Wellington at a glance
4,345
People
$340,000
Median sale
$450/wk
Median rent
6.88%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Platinum Property GroupPositioned in the heart of Wellington's CBD, right next door to McDonald's, 82 Maughan Street presents an exceptional opportunity to secure a fully leased multi-unit complex with strong immediate returns and a clear pathway for future value-add.
This is more than just an investment - it's a strategic asset with scale, flexibility and upside already in place.
The property comprises six units in total, including two substantial, fully renovated three-bedroom units at the front and four modern two-bedroom units at the rear. Four of the units were newly constructed, with an occupation certificate issued in January 2024, ensuring modern appeal and minimal ongoing maintenance.
Currently returning $3,340 per week ($173,680 per annum), the complex offers a diverse tenancy mix with both fixed-term leases and periodic tenancies, allowing for both income security and future rental growth.
- Unit 1 (3 bedroom, furnished - utilities & internet included): $1,000 per week - periodic
- Unit 2 (3 bedroom, furnished - utilities & internet included): $680 per week - periodic
- Unit 3 (2 bedroom): $420 per week - fixed term until 29/01/2027
- Unit 4 (2 bedroom): $400 per week - fixed term until 15/09/2026
- Unit 5 (2 bedroom): $420 per week - periodic
- Unit 6 (2 bedroom): $420 per week - periodic
***Units 1 and 2 are leased to the same company and include utilities (power, gas, water and internet), with agreed usage allowances of $250 per quarter per unit, with any excess usage payable by the tenant.
What truly sets this property apart is the approved Development Application for multi-dwelling housing and strata subdivision. With approval already in place, the site is designed to be subdivided into individual lots, providing multiple exit strategies for savvy investors - whether that be strata sell-down, long-term hold, or staged development.
The subdivision design has already been completed, with council-approved plans outlining a five-lot strata configuration across the site. This significantly reduces risk, time and cost for the incoming purchaser.
Set on a substantial parcel of approximately 1,197 sqm, the property also benefits from strong design fundamentals, including energy-efficient construction aligned with NatHERS standards.
Outgoings are well managed, with council rates of $5,672.66 per annum.
Located in a high-demand rental pocket within close proximity to shops, services and major employers, this property continues to perform strongly in a market experiencing ongoing rental shortages.
For investors seeking strong cash flow today, with the ability to unlock additional value tomorrow, opportunities of this calibre are rarely available.
82 Maughan Street is where yield meets future potential.
Disclaimer:
All information contained herein is gathered from third-party sources we deem to be reliable. However, we cannot guarantee its accuracy, and interested persons should rely on their own independent enquiries and not on the information contained herein. Figures and details are subject to change without further notice.
Listing description written by Kristy Barber, Platinum Property Group — reproduced as published, not verified by Districts.