In a suburb where even an apartment can change hands for $6 million or $8 million, you generally don’t find real estate agents using the word "shack" to describe their listing.
But Ray White Remuera agent Steve Stone, laughs that the vendor he’s working with to sell her bungalow on Laurie Ave, Parnell, Auckland, just down the hill from Parnell Road was happy that they label the two level bungalow as “the Parnell Shack”.
5 Laurie Avenue, Parnell, is being sold as do-up / development opportunity.
Start your property search
Both owner and agent know that in that neck of the woods, the value to buyers is not the house itself, but its generous 700 square metres of land which accounts for most of the CV of $2.1 million.
“The extended family haven’t done anything to the property except paint the roof,” he says. “It was in two flats, one has a decent kitchen, but it’s in a pretty bad state, nothing left of the original features except a bit of pressed tin ceiling in one of the bedrooms.”
>>> Go straight to the listing
Laurie Ave is on a curving cul-de-sac that links to the spreading Ayrs Park - one of those parks that the locals know well, for access to the waterfront walks around Shore Road or the Hobson Bay walkway to Judges Bay. The sloping section has a stand of native bush at the bottom, but is begging to be developed with a modern architectural home, or subdivided to make two homes in the coveted Double Grammar Zone.
Inside the house - which is billed as the worst home on the best street.
The property goes to auction on Wednesday May 22.
Or, if your Parnell development pockets are a bit deeper, Graham Wall and his son Andrew are marketing a house with a CV of $8.8 million right above Judges Bay. The estate that has been in the family for decades. At some point, the 1950s place had an elevator added, but, again, says Andrew Wall the value is in the 1004 square metres of land.
“This is Auckland’s best site,” says Wall. “We’ve sold apartments in the White Heron site at the end of the street for $8 million, a smaller place about two years ago around the $6 million mark. So this is a valuable piece of dirt.”
Valuable piece of dirt: 11 Judge Street, Parnell.
From the sloping lawn views stretch across Judges Bay to North Head, trees frame glimpses of the city and the house is tucked away from the street. The noisiest neighbours maybe the historic graveyard that surrounds one of the city’s earliest Selwyn Churches, the tiny St Stephen’s Chapel
Find out more about 11 Judge Street, Parnell.
