Buyer Enquiries Over $1,200,000. Welcome to a one-of-a-kind investment opportunity in Newlands with incredible views of Wellington Harbour - 51 Edgecombe Street set on a sprawling 4,335m2 freehold site with tremendous development upside. Approved plans for a 12-townhouse development to unlock extraordinary value with this site or use it as a blank canvas to design one of your own. A standalone 2-bedroom home on the property currently delivers reliable rental income at $470 per week, providing steady cash flow during your planning phase. The site at 51 Edgecombe Street has a Land Value of $1,300,000. Viewings will be by appointment only, restricted access to view inside the property.