It's the picture-postcard boat shed lining the water's edge of one of Auckland elite suburbs, where house prices can extend into the ten of millions.
No.16 shed is one of seventeen heritage-protected boat sheds on Ngapipi Rd and is being sold by tender, closing June 19.
Barfoot and Thompson selling agent agent Kelly Midwood said another Ngapipi Rd shed had sold for about $550,000 last year. Another shed was also earlier put up for sale for $700,000 in 2017.
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By contrast, the median value for all houses in New Zealand rose 5 per cent to $577,000, according to the latest OneRoof figures.
With a jetty jutting into Hobson Bay and an outdoor lounge overlooking the water, Midwood said the shed could be used as a place to tinker with your boat or as a picturesque hangout.
"This is the ideal haven for relaxing afternoons soaking up the sun, listening to the water lapping onto the foreshore and enjoying sunsets that form a spectacular backdrop to the harbour and city skyline," she said.
So what does Orakei boatshed money get you outside of Auckland? Surprisingly, quite a lot.
3 Fortis Place, in Riverdale, Gisborne. Photo / Supplied
In Gisborne, $749,000 will get you a four-bed home that's less than two years old. 3 Fortis Place, in Riverdale, offers 208sq m of house on 805sq m of land.
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35 Gladstone Terrace, Gladstone, Invercargill. Photo / Supplied
In Invercargill, $695,000 can get you the "white house". 35 Gladstone Terrace, Gladstone, 1950s-built art deco-themed home with modern touches on 1,200sq m.
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35/115 Grove Street, The Wood, Nelson. Photo / Supplied
More than $625,000 will get you the chance to buy 35/115 Grove Street, The Wood, in Nelson. The three-bed home has a modern interior and lovely views from its expansive deck.
