A dilapidated 1930s character home in one of Auckland's most sought after suburbs is expected to be sold for just over $1 million.
And that's at discount price.
In a surprising move the property, at 1016 Great North Rd, has been priced $250,000 below its CV.
The house itself is in a tired state and is likely to be demolished by potential buyers, with Ray White sales agents Tim and Ruth Hawes writing that it is "sadly ready to be retired".
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The value of the property lies in its location and its development potential. 1016 Great North Rd offers buyers a 700sqm road-facing site with easy access to transport links, the CBD and good shops.
Pt Chev is one of Auckland's in-demand suburbs. According to the latest OneRoof Property Report figures, the median value of properties in Pt Chev is $1,488,550, up 2.9 percent on the year before.
In the listing, Tim and Ruth Hawes write that the "site is bound to impress, dream big and develop your own masterpiece," the agents.
"With the land alone valued at over $1.2 million, the vendor's realistic asking price could not be sharper and they want to see all and any offers."
The property was owner-occupied for many years but it was finally time for the family to let the property go.
Along with four-bedrooms, the single-storey home has one bathroom and a double garage.
The living area comes with a kitchen and separate dining, along with a separate lounge.
Photos of two of the rooms show dated carpet, peeling and marked wallpaper, and shabby curtains, while the exterior brick cladding and peeling window frames also leave much to be desired.
See more houses in Pt Chev and more here.
