The owners who paid $3.1 million for a derelict Freemans Bay villa they hoped to restore are having to demolish it after it was declared unsafe.
The 150-year-old unlivable property on Anglesea St sold for almost double its $1.79m capital valuation in April this year.
Barfoot & Thompson marketing agent Lucia Pereira said at the time the new owners, from Auckland, planned to completely renovate the four-bedroom heritage-protected property before moving in with their family.
![The interior of the run-down Freemans Bay property. Photo / Supplied](https://www.nzherald.co.nz/resizer/v2/MHN52Y4TUHWI7E7QQZZSFWIHSU.jpg?auth=819717279bca5dfa511db1e71cac7a95cde91d7f9f60cac0ae7906f375ae735c&width=16&height=11&quality=70&smart=true)
But Auckland Council declared it dangerous and resource consent was authorised to destroy it. That was supported by Heritage New Zealand.