A run-down house in one of Auckland's most prized suburbs is up for grabs, offering buyers to acquire a demolition project and 607sq m of land with views of the harbour.
The property had been in the same family for three generations - more than 100 years - and is being sold by auction on June 7.
The three bedroom house is probably too far gone for a do-up, says Harcourts agent Peter Restall, who is selling the deceased estate at 54 Calliope Road, Devonport.
The rating valuation from July 2017 shows where the true value of the property lies. The RV pegged the value of house at $100,000, down 33 percent on the 2014 RV, while the land was valued at $1.1 million, up 46 percent over the same period.
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Restall says in the listing that buyers would be able to see for themselves as to whether the house is salvageable or not but states that to knock down the house would need council consent.
He adds that consent would also be needed for any new build and would have to comply with Devonport Heritage zone restrictions.
The property is a street back from the waterfront but it does offer good views of the harbour. Photo / Supplied
“The house needs re-piling, it has a leaky roof in the family room area and I don’t see someone trying to fix it,” Restall told OneRoof.
He says the property would be perfect for a brave family, who are willing to spend time and money to create a dream home in Devonport.
“It’s genuinely so incredibly rare in Devonport's heritage zone to potentially have the opportunity to demolish a house and be able to build something double-glazed and brand-new,” he says.
Blow-up or do-up? The house needs a lot of work so buyers will need to decide whether to renovate or demolish. Photo / Supplied
The north-facing property is one street back from the Queens Parade reserve on the waterfront and offers good views of the harbour. It also has a generous garden and has enough room on the section for a guest sleep-out or a pool out the back.
Devonport is one Auckland's most prestigious and tightly held suburbs, and figures from OneRoof's latest quarterly Property Report show its housing market was running hot just before the country went into lockdown.
The suburb's median value grew 9.7 percent to $1.69 million in the three months to March 25, after suffering a slump in sales volumes in 2019 and 2018.
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