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  1. Home
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  4. Wellington
  5. Island Bay
  6. 40 Derwent Street
40 Derwent Street, Island Bay, Wellington - Carousel 1
40 Derwent Street, Island Bay, Wellington - Carousel 2
40 Derwent Street, Island Bay, Wellington - Carousel 13
40 Derwent Street, Island Bay, Wellington - Carousel 1
40 Derwent Street, Island Bay, Wellington - Carousel 2
40 Derwent Street, Island Bay, Wellington - Carousel 3
40 Derwent Street, Island Bay, Wellington - Carousel 4
40 Derwent Street, Island Bay, Wellington - Carousel 5
40 Derwent Street, Island Bay, Wellington - Carousel 6
40 Derwent Street, Island Bay, Wellington - Carousel 7
40 Derwent Street, Island Bay, Wellington - Carousel 8
40 Derwent Street, Island Bay, Wellington - Carousel 9
40 Derwent Street, Island Bay, Wellington - Carousel 10
40 Derwent Street, Island Bay, Wellington - Carousel 11
40 Derwent Street, Island Bay, Wellington - Carousel 12
40 Derwent Street, Island Bay, Wellington - Carousel 13
Estimate

40 Derwent Street, Island Bay, Wellington

HomesEstimate: $980K - $1.14M
  • 3 Beds
  • 1 Bath
  • 1 Park

Property details

Ownership type (Council record)
Freehold
Floor Area (Council record)
120m² more or less
Land area (Council record)
322m² more or less
Bedrooms (Council record)
3 Bedrooms
Bathrooms (Council record)
1 Bathroom
Off-street parking (Council record)
1 Off-street parking
Has deck
Yes
View type
None
Decade built
1920s
Wall material
Wood in all forms, including treated plywood and compressed wood products
Roof material
Concrete, including reinforced block and precast slab
Building footprint
120m² more or less
Contour
Level
Capital value (CV)
$1,070,000
Land value
$700,000
Improvement value
$370,000
Certificate of title
59512 Certificate of title
Legal description
LOT 3 DP 315077-SUBJ TO & INT IN ROW
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Property estimateCapital valueTrends

HomesEstimate

Updated: 20 Aug 2026

$980K - $1.14M

What is the HomesEstimate?

RentEstimate

Updated: 02 Aug 2026

$650 - $840 /week

Rental yield

3.7%

What is rental yield?

These are computer-generated price estimates.
To understand your home’s value, get an appraisal from a local agent.
Estimated value history for 40 Derwent Street, Island Bay, Wellington
DateThis homeThis suburb
7 August 2025 $1.03M
21 August 2025 $1.03M
4 September 2025 $1.06M (range $1M to $1.13M) $1.03M
18 September 2025 $1.07M (range $1.01M to $1.13M) $1.03M
2 October 2025 $1.06M (range $995K to $1.12M) $1.03M
16 October 2025 $1.07M (range $995K to $1.14M) $1.03M
30 October 2025 $1.07M (range $1M to $1.14M) $1.03M
13 November 2025 $1.07M (range $995K to $1.14M) $1.03M
27 November 2025 $1.07M (range $995K to $1.14M) $1.03M
11 December 2025 $1.09M (range $1.02M to $1.15M) $1.06M
25 December 2025 $1.09M (range $1.02M to $1.15M) $1.07M
8 January 2026 $1.09M (range $1.02M to $1.15M) $1.06M
22 January 2026 $1.08M (range $1.01M to $1.15M) $1.06M
5 February 2026 $1.09M (range $1.02M to $1.17M) $1.07M
19 February 2026 $1.09M (range $1.02M to $1.16M) $1.07M
5 March 2026 $1.08M (range $1.01M to $1.15M) $1.05M
19 March 2026 $1.08M (range $1.01M to $1.16M) $1.06M
2 April 2026 $1.07M (range $1M to $1.14M) $1.05M
16 April 2026 $1.07M (range $1.01M to $1.14M) $1.05M
30 April 2026 $1.07M (range $1.01M to $1.14M) $1.05M
14 May 2026 $1.07M (range $1.01M to $1.14M) $1.05M
28 May 2026 $1.07M (range $1M to $1.14M) $1.04M
11 June 2026 $1.08M (range $1.01M to $1.14M) $1.05M
25 June 2026 $1.08M (range $1.02M to $1.15M) $1.05M
9 July 2026 $1.06M (range $995K to $1.12M) $1.03M
23 July 2026 $1.07M (range $1M to $1.14M) $1.05M
6 August 2026 $1.07M (range $990K to $1.15M) $1.04M
20 August 2026 $1.06M (range $980K to $1.14M) $1.04M
Capital value
$1.07M
Capital value updated
01 Sept 2024
Land value
$700K
Improvement value
$370K

Sale history timeline

  1. 11 October 2024
    Sold

    $1,090,000

    S11
  2. 01 September 2024
    Capital Value

    $1,070,000

  3. 01 September 2021
    Capital Value

    $1,430,000

  4. 01 September 2018
    Capital Value

    $880,000

  5. 01 September 2015
    Capital Value

    $600,000

  6. 01 September 2012
    Capital Value

    $560,000

  7. 10 October 2010
    Sold

    $520,000

    S11
  8. 21 November 2007
    Sold

    $525,000

    S11
  9. 21 November 2007
    Sold

    $525,000

    S11
  10. 02 November 2005
    Sold

    $361,000

    S11
  11. 30 July 2004
    Sold

    $320,000

    S12
  12. 17 January 2000
    Sold

    $350,000

    S11
  13. 01 January 1920
    Decade built

    1920

Local Schools

All (0) Primary (0) Intermediate (0) Secondary (0)

While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.

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Auction on 16 Oct
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