A five-bedroom house with "x-factor" sold for $4.41 million under the hammer - almost $1 million above its CV.
70A Orakei Road, in Remuera, achieved the highest sale price in what was an otherwise subdued week in Auckland's auction results last week.
The 338sqm two-storey home, which sits on a 824sqm section right in the heart of Auckland's Double Grammar Zone, has a CV of $3,425,000, but that 2017 figure was quickly surpassed at auction.
The property was marketed for sale by Bayleys agents Gary and Vicki Wallace, and their marketing highlighted the quality and design of the house and the serenity found in its garden.
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Gary Wallace said of the sale: "The market is very house specific at the moment and if you have a house with x-factor, there will be buyer interest. 70A Orakei Road definitely had an x-factor, and you could see that as soon as you walk down driveway.
"There was a good level of interest in the house, and at the auction, the property found its level."
Next to 70A Orakei Road, the properties achieving the highest sale prices at auction in Auckland between October 19 and October 26 were: 33 Newhaven Tce, Mairangi Bay, which was marketed for sale by Harcourts agent Mark Fitzgerald and sold for $2,635,000; 39B Wright Road, Pt Chevalier, which was marketed for sale by Bayleys agent Blair Haddow and sold for $2,400,000; and 4 Allendale Road, in Mount Albert, which was marketed for sale by Ray White agents Eden Thomson and Josh Lowe and sold for $2,200,000.
A total of 65 properties from 226 scheduled auctions sold under the hammer, according to figures supplied to OneRoof, with the clearance rate dropping from 34 percent the previous week to 30 percent. The figures do not record post-auction sales.
The area with the highest clearance rate was Auckland Central, at 44 percent, followed by the North Shore (40 percent) and Rodney (24 percent).
Forty-one percent of properties sold under the hammer for between $500,000 and $1 million, while 33 percent recorded sale prices in the $1 million to $1.5 million bracket, among them a Ponsonby villa dubbed the mother-of-all do-ups by the auctioneer.
Just five properties sold at auction between $1.5 million and $2 million and four for more than $2 million. Seven properties sold for less than $500,000.
The median price was $920,000.
