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Auction

Auction Report 1-16 October 2021

Auction Report 1- 16 October 2021

This is a big report, but then again, there has been big, big activity.

My last report for September highlighted the very positive buyer interest that was clearly evident by our volume of sales, particularly, our “under the hammer “ sales for the properties we had marketed as part of our Auction Property Portfolios.

Despite the continuation of the lockdown restrictions, real estate activity during these first two weeks of October has continued with an obvious confidence which has been amply demonstrated with multi bidding competition for the properties that have been offered “For Sale” through our Auction Programmes.  The sale success has been a tribute to the quality of our clients’ properties and also the demand to live within our Eastern Beaches area.

With Level 3 Lockdown still in place, our real estate activity has continued using the Online virtual platform to conduct auctions, giving our vendor clients the opportunity to sell with a totally unconditional sale agreement.

It has been quite apparent that both vendors and buyers have made transaction decisions to best suit their current requirements, not needing more time to secure their future, after all, life does not wait for any of us.

4 October

1/130 Cook Street, Howick offered buyers a smartly presented one level townhouse within the Village precinct. It sold “under the hammer “after some 21 competitive bids at $1,310,000.

33B Gibraltar Street, Howick was another very well presented three-bedroom townhouse with attractive garden lawn outdoor living. It sold “under the hammer “after some 11 competitive bids at $1,300,000.

15 Puma Drive, Golflands attracted buyers to its terrace house convenience very close to the Botany Town Centre. It distinguished itself with an appealing totally enclosed very private courtyard setting. It too sold “under the hammer “at $955,000.

5 October

1/12 Merino Avenue, Somerville was able to confirm an auction date due to an unconditional offer that was presented to our vendor and accepted subject to the property being submitted to auction at the confirmed date. Buyer interest here was very understandable due to the one level floor plan design and its very popular Somerville neighbourhood address. From the preauction offer of $970,000 and some very competitive 27 bids, it sold “under the hammer “ at $1,140,000.

6 October

4 Half Moon Rise, Half Moon Bay was able to confirm an auction date due to an unconditional offer that was presented to our vendor and accepted subject to the property being submitted to auction at the confirmed date. This address offered buyers the opportunity to join a very popular cul de sac neighbourhood within walking distance to the Half Moon Bay Marina. The four bedroom home included two distinctive living rooms, basement garaging, decked and patio outdoor living. It sold  “under the hammer “ at $2,200,000.

47 Palmcrest, Crescent Highland Park followed, it too was able to confirm an auction date due to an unconditional offer that was presented to our vendor and accepted subject to the property being submitted to auction at the confirmed date. This four-bedroom home is part of a more private neighbourhood close to Highland Park shopping and services. It also sold  “under the hammer “at $1,650,000.

7 October

23 Parramatta Place, Botany Downs was able to confirm an auction date due to an unconditional offer that was presented to our vendor and accepted subject to the property being submitted to auction at the confirmed date.  A little Tudor styling gave this three-bedroom home presence within this popular street.

Easy access to local convenience shopping, schooling, an easy commute to Howick or Botany Town Centre and close by recreation areas confirmed important position factors. From its preauction offer of $1,600,000 it sold  “under the hammer “ after some 42 very competitive bids at $1,689,000.

15 Four Trees, Cockle Bay was able to confirm an auction date due to an unconditional offer that was presented to our vendor and accepted subject to the property being submitted to auction at the confirmed date. It offered buyers a very stylish five bedroom home located at the end of its cul de sac neighbourhood. The quality indoor presentation was matched outdoors where new ownership will relish the outdoor living around the inground pool.

1/27 Luplau Crescent, Cockle Bay was able to confirm an auction date due to an unconditional offer that was presented to our vendor and accepted subject to the property being submitted to auction at the confirmed date. This three-bedroom, study, townhouse is located in a very popular neighbourhood within walking distance to Howick beachfront. From its preauction offer of $1,250,000 it sold “under the hammer “ after a highly competitive 44 bids at $1,561,000.

213 Burswood Drive, Burswood was able to confirm an auction date due to an unconditional offer that was presented to our vendor and accepted subject to the property being submitted to auction at the confirmed date. This three-bedroom home is surrounded by a 661m2 section. From the preauction offer of $1,320,000, it sold “under the hammer “ after some extreme bidding of 74 bids at $1,521,000 and demonstrated the renewed buying interest in Burswood.

11 October

1/38 Rutland Road, Mt Wellington got a busy day off to a positive start. This three-bedroom townhouse is located within close proximity to all the shopping and services along Lunn Avenue but also easily accesses Ellerslie and Sylvia Park. It attracted buyers who appreciated its position factors but also the well-planned living space and convenience. It sold “under the hammer “ at $1,230,000 after some 19 bids.

12 Keenagh Rise, Dannemora is part of a very popular Dannemora neighbourhood and attracted buyers to its well-designed one level floor plan that included four bedrooms and formal and family living rooms. The solar heated pool will be the focal point for new ownership outdoor living. It sold “under the hammer “ at $2,222,000 after a highly competitive 49 bids.

8 Drake Street, Howick offered buyers an opportunity to join a well-established Howick neighbourhood in a three bedroom home surrounded by a 575m2 section. Lounge and decking provide elevated urban views. It sold “under the hammer “after strong competitive bidding of some 61 bids at $ 1,636,000

2/33 Tyrian Close, Half Moon Bay offered buyers a three-bedroom home with living looking out to the views of the exclusive use private park that is encompassed by the properties that surround its perimeter. It sold “under the hammer “at 1,210,000

74A Union Road, Howick offered buyers modern townhouse living with four bedrooms and living at the lower level opening out to an enclosed patio and garden courtyard. Opposite supermarket and an easy distance to Picton Street shopping and services ensures important position factors for new ownership. It sold “under the hammer “ after a 40 bid battle at $1,605,000

20 Liston Street, Cockle Bay offered buyers a very impressive presentation through open plan contemporary kitchen fittings/ fixtures and appliances with adjoining dining and a separate high ceiling lounge that opens out to lawn and garden outdoor living. Décor/furnishing touches made this a standout home close to Howick beachfront.  It sold “under the hammer “ after a well-deserved high number of 61 bids at $1,955,000.

66 Baverstock Road, Flat Bush offered buyers an easily managed section size surrounding a two-level floor plan three-bedroom home. Close proximity to schooling and a range of increasing shopping and services to this now well-established residential area. It sold “under the hammer “ after some 15 bids at $1,542,000.

45 Old Barn Road, Opaheke offered buyers the opportunity to move to a country setting and 9528m2 surrounding a one level family sized modern home. Five bedrooms with living rooms looking out to and opening out to a country landscape is very appealing with the total appeal of this property demonstrated by the number of bidding registrations and the big 62 number of bids to reach an “under the hammer “ sale at $ 2,821,000.

11 Sale Street, Howick attracted buyers to a home while of traditional exterior construction offered an immaculate presentation throughout the floor plan space of four bedrooms, gourmet kitchen fittings/ fixtures, two living rooms. Retention of character features with contemporary finishes together with a sought-after street address was sure to result in positive action to buy. After some 43 bids it sold “under the hammer “ at $2,528,000.

479A Ormiston Road, Flat Bush offered buyers the opportunity to enjoy a character filled spacious family home surrounded by a very spacious 3701m2. Formal and family living rooms, four bedrooms including two ensuites are part of the floor plan which also included modern kitchen and bathroom fittings/ fixtures mixing with the retained character features. At the gateway to Regis Park this property offers a semi country environment with easily accessed services. It sold under the hammer after attracting very competitive 57 bids at $2,525,000.

19 Balla Place, Dannemora attracted buyers to its one level three-bedroom floor plan with kitchen dining and lounge settings that ensures a very sociable environment. Outdoor living will be private and sheltered with in the 455m2 easier care sized section.  A position factor that was obviously a very big plus for the number of bidding registrations was the close proximity to the Botany Town Centre and Botany College schooling. To finish a very busy afternoon, a mammoth 77 bids resulted in a sale “under the hammer “ at $1,550,000.

12 October

1/11 Dunstan Place, Otara was able to confirm an auction date due to an unconditional offer that was presented to our vendor and accepted subject to the property being submitted to auction at the confirmed date. This property gave buyers an opportunity to buy a property that was destined to fall within a more affordable budget for first home buyers or those seeking a property to add to their investment portfolio. A traditional floor plan of combined living and three bedrooms with carport. This property is close to junior to senior schools and local shopping and services. From the preauction offer of $680,000 and 14 further bids resulted in a sale “under the hammer “at $748,000.

29 Rogers Avenue, Eastern Beach offered buyers a contemporary styled home that takes advantage of its elevation to absorb island, sea and marine activity landscape. Living space at each of the floor plan levels together with designer kitchen fittings and fixtures, quality bathroom fittings and fixtures, 4 bedrooms, all in an immaculate presentation, ensured that buyers had an opportunity to buy excellent value. It sold “under the hammer “at $2,580,000.

2/11 Basilton Close, Bucklands Beach was able to confirm an auction date due to an unconditional offer that was presented to our vendor and accepted subject to the property being submitted to auction at the confirmed date. This easier care home attracted buyers to its small popular cul de sac.  The floor plan provides three bedrooms, separate lounge and dining adjacent to kitchen. From its preauction offer of $1,475,000, it sold “under the hammer “after some 18 further bids at $1,520,000.

14 October

2/14 Takutai Avenue, Bucklands Beach was able to confirm an auction date due to an offer that was presented to our vendor and accepted subject to the property being submitted to auction at the confirmed date. From this sought-after address buyers had the opportunity to buy a home of three bedrooms with living rooms opening out to decks and corridor sea and marine activity views. Buyers will be able to take this property into the future with confidence knowing that its sought-after address will compliment further investment. From its preauction offer of $1,340,000 and some further 22 bids it sold “under the hammer “at $1,480,000.

2/3 Te Akau Crescent, Bucklands Beach was also able to confirm an auction date due to an unconditional offer that was presented to our vendor and accepted subject to the property being submitted to auction at the confirmed date. This home is part of a highly sought after cul de sac neighbourhood with its elevation offering views particularly from the upper-level master bedroom and its sun deck. The pleasing presentation of this home added to buyers’ attention and its sold “under the hammer “after some 34 bids at $ 1,655,000.

1/235 Glengarry Road, Glen Eden offered first home buyers or those adding to an investment portfolio an opportunity to buy a home of modern construction with a sensible floor plan of three bedrooms and combined living. It sold “under the hammer “at $806,800.

15 October    

23 Glenfern Road, Mellons Bay was able to confirm an auction date due to an unconditional offer that was presented to our vendor and accepted subject to the property being submitted to auction at the confirmed date. This home certainly benefited from its impressive presentation through the floor plan of separate lounge, dining and kitchen, bedroom, lower-level family lounge, master bedroom plus ensuite and another two bedrooms plus the family bathroom. Well-constructed decking along with spa pool extended the family outdoor living to the rear part of the 680m2 section. It sold “under the hammer “ at $1,828,000.

103 Baverstock Road, Flat Bush was also able to confirm an auction date due to an unconditional offer that was presented to our vendor and accepted subject to the property being submitted to auction at the confirmed date.   This modern home typifies contemporary requirements for easier care convenience while still ensuring floor plan space. This home provided living at the lower level and three-bedroom accommodation at the upper level. From the preauction offer of $1,001,000 and some 31 further bids it sold “under the hammer “at $1,266,000.

16 October

17 Malloy Place, Eastern Beach offered buyers an opportunity to buy into Macleans zone but also to a of impressive design, space and views. The presentation reflected its recognition as a finalist in the 2019 Trends International Design Awards. Interesting floor plan space that includes four bedrooms and various living rooms offers an easy interaction with superb outdoor living assets and a vast viewing landscape over Eastern Beach. Patient negotiations through 23 bids resulted in a sale “under the hammer ” at $3,001,000.

So, despite the interruptions of Lockdown, extremely pleasing, positive, competitive bidding, for these properties sold under the hammer, but also, it needs to be acknowledged that the sales provided buyers with an opportunity to buy quality real estate assets knowing that while having to competitively bid/ buy to be the “winner” they were bidding/buying property that was also the first choice for a number of other buyers.

The excellent prices achieved confirmed our ability to maximise price for our vendors, however, to achieve such results, buyer interest, working with our mortgage broker partners, bidding registrations and actual competitive bidding are the components to achieving great results.

This was all completed despite all the challenges of our Level 3 Lockdown.

Ken Ralph
Auction Services Manager