A 1950s Auckland bungalow, home for more than 60 years to the man who built it, sold for $830,000 more than its 2014 valuation.
The two-bedroom brick and tile house in Betts Ave in Mt Roskill sold at auction on September 2 for $1.8 million – 86 per cent above its $970,000 CV.
A real estate expert says the price reflects demand for big sections with development potential under the Auckland Council’s proposed Unitary Plan. Advertised as a “dream come true” for builders and developers, the small house is nestled among primroses, garden gnomes, freesias and fruit trees on a 1409sq m triangle of land at the end of a suburban cul-de-sac.
The sellers were two women who had grown up in the house, estate agent George Imo said.
The listed owners are Sharon Lesley Moore and Robyn Denise Quartly, according to QV.
A bidding war between four would-be buyers at the LJ Hooker Ponsonby office was watched by members of the Mt Roskill community, including worshippers from mosque next to the house.
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