A 1950s weatherboard house in Blockhouse Bay was sold for $1 million at Bayleys’ residential auction on Wednesday – just short of the $1.05 million which Quotable Value said this week was the current average value of residential properties in the Auckland region.
A larger Blockhouse Bay section with development consent was passed in.
Since Auckland’s unitary plan started to come into force last year, enabling intensification across suburbia, auctioneers have listed a steady (but so far small) stream of properties highlighted for their consequent development potential.
At first a number were presented from Point England, on the Tamaki Estuary in the south-east, but increasingly they have come from the west of the isthmus, particularly Mt Roskill, Sandringham and across to the Manukau Harbour.
Also at the Wednesday auction, one apartment was sold prior and another was passed in.
A unit at 2 Whitaker Place, off Symonds St in central Auckland’s student area, was passed in at a short-notice offering. The building is affected by an unapproved addition to a penthouse apartment, which also demonstrated the potential effects on other owners in apartment developments.
The auction predisclosure statement said it was noted that the 2015 annual meeting of the body corporate was told penthouse unit 10A had previously added an additional storey to the unit without the body corporate’s permission: “The addition has encroached on the common area airspace. The renovations will have affected the units’ relative value and thus it was agreed that a new unit plan should be deposited. An update of the ownership interest amounts (which are in effect levy allocation) has also been proposed. The current owner has agreed to cover the cost of implementing a new unit plan.”
In 2016, a roof condition report recommended replacing the roof, which also affects the penthouse because the cladding for that unit is connected to the roof. In addition, the complex’s goods lift is out of order and the concrete of the lower carpark extension has cracked and requires securing.
Unit 10A, which has 3 bedrooms & 2 parking spaces, is on the market through Crockers. It has current rates of $2383/year including gst and a body corp levy of $8387/year.
Westminster Court, 5 Parliament St, unit 2G:
Features: 2-bedroom corner apartment – for many years an artist’s studio; parking space, storage locker
Outcome: sold prior
Agents: Diane Jackson & Julie Quinton
2 Whitaker Place, unit 5A:
Features: 40m², furnished one bedroom, parking space, storage locker
Outgoings: rates $1240/year including gst; body corp levy $6694/year including water
Income assessment: $550/week current
Outcome: passed in at $420,000, back on the market at $449,000
Agents: Habeeb Urrahman, Steve Kirk & Chris Cairns
518 Blockhouse Bay Rd (pictured):
Features: 916m² section, 1950s weatherboard house in terrace housing & apartment building zone, 3 bedrooms, double garage
Outcome: sold for $1.01 million
Agents: Christopher Valladares & Michelle Hicks
31 Margate Rd:
Features: 1639m² section, 3-bedroom cottage, certificate of compliance for subdivision granted, building consent sought for 3 2-level townhouses
Outcome: no bid
Agent: Summer Sun