Our sales team took a property at 23 Eastview Road, Glen Innes to the market, which was a sloping 809m2 section with a derelict house, bordering on the upcoming Tamaki development area. The property was originally appraised to sell around the $1,300,000 mark. We had 13 registered bidders after 19 days on the market with competitive bidding, leading to a sale price of $2,310,000, almost $1,000,000 above the reserve.
A tired three-bedroom house in Auckland’s Glen Innes sold at auction last weekend for a phenomenal $2.31 million – more than $1m above its CV.
The 1950s property had zero value but the 809sqm land on Eastview Road, in a rapidly gentrifying part of Glen Innes, had a valuable terrace house and apartment zoning.
The property is on the fringes of the huge Tamaki Regeneration Project which is transforming 2500 State homes into a mix of 10,500 new private, affordable and State homes across Glen Innes, Point England and Panmure over the next 20 years….
Read the full OneRoof article here.
