'Big, gutsy' decrepit Kingsland house creeps under CV for $1.3m

NZ Herald

19 Sep, 2018 07:25 AM2 mins to read

The "ultimate fixer-upper" at 7 New Bond St in Kingsland today failed to reach its CV of $1.5 million, but sold for $1,362,000 following a marketing campaign marked by "huge interest". Photo / Barfoot and Thompson

The "big, gutsy" decrepit villa in the heart of Kingsland snuck under its expected sale price today but still reaped a little over $1.3 million.

Matt and Ryan's Property Page, who are Barfoot and Thompson real estate agents, posted the property sold today for a price of $1,362,000 despite its CV of $1.5 million.

Earlier this week Barfoot and Thompson real estate agent John Elgar said the central Auckland property had "huge interest".

He said the deceased estate at 7 New Bond St had 72 groups enter its doors and have a look around.

The huge living space of the "spacious elevated 1900s villa" with four bedrooms and one bathroom, on a 607m2 level site. Photo / Barfoot and Thompson

Deemed the ultimate fixer-upper, it was built in the 1900s and was described as a "spacious elevated villa" with four bedrooms and one bathroom on a 607m2 level site.

"The ornate ceilings, architraves and wooden floors are all still intact," the listing stated.

A large shed also sits at the back of the property which Elgar suggests could potentially be transformed into a home office or sleep-out.

"It's one of the biggest sections in Kingsland", he said.

The land alone was valued at $1.3 million and when the property was last valued in 2014, it came with a price tag of $1.2 million, an increase of $730,000 since 2011.