I can’t see what’s so special about this price. This is a traditional villa oozing charm that many people love. Many of these older homes have been ruined by over modernising but this one sees to be more or less original. I think it was well worth the money.
Seeing double: Auckland do-up costs ‘crazy’ $1.4m
It’s a century old, needs a lot of love – and just sold for $1.45m.
This house at 27 Clarence Rd in Northcote Point, Auckland, had a capital value of $760,000 just three years ago – but fierce competition and a booming housing market in the country’s biggest city saw it sell for nearly double that.
As one unsuccessful bidder, journalist and television personality Carly Flynn, vented on Facebook, prices in Auckland have “just gone completely mad???!!”.
Harcourts Real Estate Takapuna manager Geraldine Meo said there had been more than 100 bids on the Clarence Rd property from eight bidders on Saturday. The eventual buyer was a local resident.
The high price for the house, which is located on an 800 square metre section, was not surprising, she said.
“It’s an original villa in a tightly-held area and it’s on a nice piece of land,” she said.