Houses on track for racecourse
Brand new, affordable housing could be coming to Avondale as soon as 2017 – and developers are wanted to make it happen.
Auckland Council-owned land overlooking Avondale Racecourse has been freed up for a new housing development.
Council architects have drawn up plans, featuring 25 two and three bedroom terraced houses, showing what the development could like.
The 3498 square metre site located on Racecourse Parade, previously occupied by the Suburbs Rugby Club, was included in the fourth batch of Special Housing Areas announced by council last year.
It is part of the Racecourse Parade masterplan with a vision to create terraced and apartment dwellings that will support the regeneration of the Avondale Town Centre.
Auckland Council Property Ltd chief executive David Rankin says there will be a requirement that a portion of the homes will need to be affordable, costing within 75 per cent of median property values for the surrounding area.
Latest Real Estate Institute of New Zealand sales data shows the median sale price for houses in the former Auckland City catchment area was $850,000.
‘‘We hope the development will help give other land owners in and around the town centre the confidence to develop their own land and continue the regeneration process for the benefit of the local community.’’
Whau Local Board councillor Ross Clow says the development is just what Avondale needs.
‘‘Avondale is very tired and totally needs a revamp and a revival. I definitely believe developments like this are crucial for Avondale.
‘‘We’re trying to lift the standard there and it is pleasing to have an affordable housing element to it,’’ Clow says.
A tender process for the land closes on July 16 and Bayleys Realty Group senior salesman Dave Stanley expects the new owner will be able to lodge planning consent applications by the end of this year, enabling building to begin and be completed in 2016 and 2017.
Until the tender process is completed it will be difficult to put a value on the land.
‘‘Avondale, with its proximity to the rail corridor and access to the Waterview motorway link under construction, is well positioned to benefit from major infrastructure improvements while also remaining conveniently located near the city,’’ Stanley says.