The $4.9m sale of a four-bedroom home on the northern slopes of Auckland’s Herne Bay showed the top end of the city’s housing market was still running hot during this week’s cold snap.
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The stylishly renovated home on Masons Avenue, listed with Bayleys’ Blair Haddow, had last changed hands in 1992 for $165,000 and had a 2017 CV of $3.35m.
The home features a salt-water pool, resort-style landscaping on a 506sqm site and luxuriously finished kitchens and bathrooms.
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Properties in Herne Bay are in demand, with those that have come to market in the last few months selling quickly. A nearby cross lease section on nearby Bella Vista Road sold for $5.43m and a three-bedroom villa on Sentinel Road sold for $4.15m.
An architect-designed house on Colchester Avenue, in Glendowie, Auckland, sold at auction for $3.535m this week. Photo / Supplied
Sales of top end properties were also achieved in Auckland’s eastern suburbs.
At Barefoot and Thompson’s auction on Wednesday, a four-bedroom 1950s house in Glendowie that was renovated seven years ago by Dorrington Atcheson Architects sold for $3.525m.
The house, which is sited on a generous 809sq m section on Colchester Avenue, was marketed by Kelly Midwood and had a CV of $2.34m.
A renovated bungalow on Koraha Street, in Remuera, Auckland, sold for $3.21m. Photo / Supplied
In Remuera, a stylishly renovated three-bedroom bungalow marketed by Barfoot and Thompson agent Aaron Foss, sold under the hammer for $3.21m, more than double its CV.
The 1930s brick and stucco house on Koraha Street, which sits outside double grammar zone, had an immaculate new kitchen and bathrooms and a section billed as big enough to fit the swimming pool.
Also selling for more than twice its rating valuation was a Mount Eden three-bedroom bungalow marketed by Ray White agents Robyn Ellson and Josh Powell.
A bungalow at Altham Avenue, in Mount Eden, Auckland, sold at auction for twice its CV. Photo / Supplied
Bidding on the Altham Avenue home started at $1.9m, but sixteen bids later the hammer came down for a sale price of $2.52m. The property, pre-renovation, last sold in 2013 for $985,000.
A one-bed room house on Waipuna Road, Mount Wellington, Auckland, sold for just $650,000. Photo / Supplied
And at the bottom end of the market, one of the cheapest auction buys this week was a one-bedroom house on Waipuna Road, Mount Wellington.
The cross lease property sold under the hammer for just $650,000 - $175,000 above its CV.
The house, which is close to Panmure Basin, was pitched as a good prospect for first home buyers and investors. The listing agent, Barfoot and Thompson’s William Liang, said it had a rental appraisal of $400 to $430 a week.
