Large consented site in family-friendly Paparangi

A fully consented residential development site with scale in one of Wellington’s most popular northern suburbs is on the market, offering developers the opportunity to advance the owners’ approved plans or pursue an alternative, less intensive scheme.

The near-flat 4,671sqm landholding at the end of a cul-de-sac at 10 Hillview Crescent, Paparangi is zoned Medium Density Residential under the Wellington City Council District Plan. There is a 1930s home with garaging on the site currently and the property will be sold with vacant possession.

Architectural firm Shepherd & Rout, recognised for its contemporary residential work, designed the approved development which optimises the site’s northeast aspect with near-flat contour, and elevated hill-view outlook. There is dual street access to the site, from both Hillview Crescent and Tree Top Lane to the rear.

Resource consent is in place for 30 townhouses, comprising 13 three-bedroom homes, 15 two-bedroom home and two, one-bedroom homes. Renders and schematics show light-filled interiors, strong indoor-outdoor connection, the use of energy-efficient materials, dedicated car parks for each home, and storage lockers. A 3D architectural model is available to support presales and is included in the sale.

Bayleys Wellington Commercial brokers Mark Walker and Sarah Lyford have been appointed to sell the property by tender closing Wednesday 15th April.

Walker says the vendors invested significant time in securing full resource consent and commissioning architectural plans but are now moving on to other opportunities.

“With resource consent secured and building consent ready to apply for, the site offers confidence and reduced planning risk for prospective purchasers. This opens the door for developers that are well-poised to leverage the strong demand for quality housing in Wellington’s northern corridor.

“Given Wellington’s geographic constraints and the lack of large-format development sites coming to market, a fully consented proposal of this size is a significant opportunity for those looking to establish a presence in the Paparangi/Newlands area.”

Walker notes that the development in its consented form may meet eligibility criteria for support through the Ministry of Housing and Urban Development’s flexible underwrite fund, introduced in last year’s budget to help accelerate much-needed housing in high-demand areas.

“The current plans for a 30-home development could fit the credentials for funding support, and that’s something a new owner may wish to pursue.

“Developers could choose to progress the existing master-planned scheme or equally, explore alternative concepts such as larger sections or a reduced-density project, which is reflective of the surrounding area.”

Paparangi and neighbouring Newlands form a well-established residential community popular with first-home buyers. Lyford says the area offers strong local amenity and is family friendly.

“Paparangi School, Newlands College, and the local shopping centre with supermarkets, medical centres and other essential services are within walking distance.

“Residents also benefit from nearby parks and recreation areas, making it a highly liveable suburban location.”

The property is just 10km from Wellington’s CBD, supported by convenient public transport links, nearby train stations, and easy motorway access.