Wadestown character sells for premium

AWADESTOWN character home with lovely grounds has been auctioned for nearly $200,000 above its rateable value.

The property, at 11 Mairangi Rd, had a rateable value of $540,000 and sold for $735,000.

Bobbie Meyer and Justin Brown, of Harcourts, say the 141-square-metre dwelling was a ‘‘peaceful sanctuary’’ on a 639sqm section.

‘‘It was in a beautiful garden filled with greenery and birdsong,’’ Meyer says. ‘‘The tranquil setting was divine.’’

Built in the 1920s, the three-bedroom, two-bathroom house retained some of its original character and combined open-plan living/kitchen with a separate lounge and indoor-outdoor flow to a sunny deck. A SUBSTANTIAL Woburn home that was advertised as a ‘‘rare treasure’’ has been auctioned for $60,000 above its rateable value of $600,000.

The four-bedroom house, at 2 Miro St, was built in the 1920s and sold for $660,000.

Celia Barnao, of Harcourts, says the 170sqm dwelling was on a 624sqm section within walking distance of Lower Hutt’s central business district.

’’It was a family home that had been loved and cherished over many years and offered fantastic opportunities for a new owner.’’

Features included two bathrooms, one of which was set up for mobility and disability needs, sunny family living, and a rear deck and garden.

‘‘It was zoned for popular schools and close to Woburn station with a private park on the doorstep,’’ Barnao says. A LARGE two-bedroom Te Aro apartment has been auctioned for $120,000 above its rateable value.

The 110sqm residence, at U13/7 Feltex Lane, had a rateable value of $320,000 and sold for $440,000.

‘‘Apartments like this are always in high demand, whether as a city pad or an investment property,’’ Clare Newton Smith, of Harcourts, says.

‘‘It was generously proportioned over two floors with a modern kitchen and openplan living, heaps of storage and excellent security.

‘‘It was close to Willis Street, Cuba Street and Manners Mall, and had a wellorganised body corporate.’’ A PAPAKOWHAI home with scope to add value has been auctioned for $115,000 above its rateable value.

The property, at 21 Brora Cres, had a rateable value of $410,000 and sold for $525,000.

Lynnette Donoghue, of Harcourts, says the 190sqm, 1970s dwelling was on a sunny 541sqm section with flat lawn and gorgeous water views close to schools, shops, transport and train station.

‘‘It was an amazing opportunity to capitalise on the current work that has been started on this lovely four-bedroom family home.’’ A TE HORO section that previously sold for $5000 in 1991 has been auctioned for $279,000.

The 7760sqm property, at 84 Te Hapua Rd, had a rateable value of $250,000.

Trina James, of Harcourts, says it was elevated, private and sunny with prolific birdlife and trees.

‘‘Sections with established trees are rarely seen on the market,’’ she says. 11 Mairangi Rd, Wadestown, sold for $735,000. 2 Miro St, Woburn, sold for $660,000.