- A two-bedroom shack in Coatesville, Auckland, on nearly 5ha, is for sale after 50 years.
- The property, which has an RV of $2.85m, offers potential for building a dream home.
- Agents highlight its prime location and rural tranquillity, with amenities nearby.
A two-bedroom shack next to some of New Zealand’s most expensive homes has come up for sale for the first time in almost 50 years.
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The 70sqm home at 107 Glenmore Road, in Auckland’s Coatesville, sits on nearly five hectares of land and is surrounded by luxury lifestyle blocks and mansions, including the huge estate bought by the ZURU Toys billionaires in 2016 for $32.5 million.
The Barfoot & Thompson agents charged with selling the deceased estate predicted a new owner would build their dream home on the land.
Eddie Zhao told OneRoof that the existing house was on a flat site on the top of a ridge and faced north, making the property all the more desirable.
The late owner kept horses and chickens and used the land for grazing. Photo / Supplied
“You’re looking down to everything else. Opposite is all the bigger new mansions. At the bottom of the boundary is a creek and a bit of bush,” he said, highlighting that the water in the creek was crystal clear.
Glenmore Road was one of the most sought-after addresses in Coatesville, Zhao said.
“At the end of the road is a cafe, and a little village,” Zhao said. The village offers two cafes, Black Cottage and Fernielea, and other amenities, including a dairy, an orchard shop, and a pony club. Also nearby are the Coatesville Settlers Hall, community pool, primary school and the Coatesville market.
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In the listing on OneRoof, Zhao and his co-listing agent, Philip Davis, write that the property, which has an RV of $2.85m, offered “the best of rural tranquility while still being close to urban convenience”.
“Whether you’re looking to land-bank, ride horses, or build your private dream home, this exceptional property delivers endless possibilities.”
Zhao told OneRoof that the late owner had lived on the property since 1979, buying it for around $30,000, and had kept horses and chickens on the land. “We are selling it on behalf of the family,” he said.
The property sits on nearly 5ha - the biggest undeveloped block in the neighbourhood. Photo / Supplied
He noted it was the last remaining undeveloped piece of land in the neighbourhood. “Everything else is carved up,’ he said.
Davis added: “Coatesville has developed enormously over the past 20 years, and when [the late owner] bought this home it would have been rural with a lot of modest homes.”
The listing follows the recent sale of a half-finished mansion in a gated community in the neighbourhood. The property at 5E The Promenade, which was snapped up at auction, was on a section that was a quarter of the size of 107 Glenmore Road.
The top sale price for the suburb for the last 12 months is $9.3m for a new-build mansion on an 8000sqm section on Coatesville-Riverhead Highway. The listing agent, Bayleys’ Ailsa McArthur, told OneRoof in September that the vendors had spent two or three years building the home but had not lived in it.
McArthur said at the time that there wasn’t enough stock to meet demand in the suburb: “I need more. The buyers are there, I just don’t have the properties.”
- 107 Glenmore Road, Coatesville, Auckland, is for sale, tender closing April 10
