In the past few months, handful of derelict Auckland Ponsonby cottages has snaffled the ultimate renovation “before" headlines. A year ago, records were made when a derelict house on the slopes of St Mary’s Bay made $3 million. The old house, on 865 sq m of land, is next to another that is now in the midst of a multi-million dollar renovation, but this house, along with land parcels around it , went back on the market in May, this time with a consent to demolish.
Last month a run-down cottage at 157 John Street on a tiny 228 sq m of land sold for $1.1 million, after a similarly derelict place at 13 Anglesea Street sold in March for $1.16 million. It had a more generous 446 sq m of land, and well-known local developer Murphy McDade is in mid-renovation. He also paid $1.21 million back in October for another old place on 303 sq m at 16 O’Neill Street. All went for well under CV.
33 Vermont Street, Ponsonby, went for well over its CV of $3.65 million.
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But the buyers of a grand old dame at 33 Vermont Street this month went even better, paying well over the CV of $3.65 million (the final amount is confidential, says LJ Hooker agent Steven Glucina) for the huge villa (it has a floor area of over 230 sq m) on a whopping 1606 sq m of land. Glucina says the local owners plan to do the old villa up, making the most of many of the original features still intact (albeit, under layers of peeling wallpaper).
But there are other Auckland do-ups awaiting brave – and visionary - new owners. Here are some of the best we've found on OneRoof.co.nz:
In Avondale, Ray White Sandringham agents Susan Woods-Markwick and Liam Kyle are asking $750,000 for a compact 1960s house at 16 Stedman Place. The house, which has a CV of $1.2 million, needs work – the roof and guttering - but it sits on an old-school section of over 1200 sq m on a quiet cul de sac. The agents suggest renovation, subdivision or removing the house to start again, there are old fruit trees and it’s an easy 15 minute walk to the Avondale train station, or a few minutes to Lynn Mall shopping centre and restaurants.
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Further south into Lynfield, Ray White Royal Oak Lini Nurulsari is bringing a property on 729 sq m to market for only $895,000, over $110,000 below its CV of $1.05 million. The 1980s cedar house, on the market for the first time in 37 years, is in dire need of renovation (it is being sold as is, where is), but the site has mixed housing suburban zoning so there’s potential to do more on the site that is near Wairaki Stream Reserve.
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Morningside is now feeling the effect of the ripples of buyers from Kingsland and Sandringham. Michael Boulgaris and Lirissa Tsapko are marketing a 1920s house, currently a flat, by negotiation (the CV is $1.24 million). The three-bed house on 504 sq m is only five minutes from the new Morningside designer food hub on McDonald Street, right by Eden Park and only five minutes’ walk from the Kingsland Train Station. There’s a pretty shingled bay front window, a sunroom, original fireplace, wood floors and ceilings, good off street parking and mixed housing urban zoning. The white picket fence is already done; it’s zoned for Mt Albert and Auckland Girls’ Grammar and Mt Albert primary.
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Or head east to the about-to-take off suburb of Panmure. Barfoot and Thompson Meadowbank’s agent Maree Currie is marketing a simple 1990s house on a cross lease section for $720,000. It’s an 18 minute walk to the spiffy new Panmure station and transport hub, five minutes from Dunkirk Reserve and the Tamaki estuary, with Sylvia Park shopping, eating and entertainment just down the road. It’s got a neat little floor plan, but there’s room to add so much more to this property, with a carport and it is already partially fenced.
