New Hot spot to buy in Auckland this 2013

**turneg01** · 03-03-2013, 01:40 AM

nice looking place with big section, owners brought it in last june..

Originally Posted by td91

Take this for example http://www.trademe.co.nz/property/re...-566824757.htm

Reno'd nicely, character and street appeal, 5 minutes walk up to the train station and the shops including a supermarket, sitting on a full site, nice outlook views, granted it's not a huge house but it's a good size, you could live here with little need to use a car. The reality - this will maybe hit high $300's to $420K, it's an excellent area to see value growing.

**ammar** · 03-03-2013, 01:33 PM

Takapona is very expensive, this is what i see in trademe. I am missing something here.

**speights boy** · 03-03-2013, 01:56 PM

^ Possibly the difference between the price of property, versus the potential to add value to development sites that cater to peoples' desire to live in such places.

Plus, what may appear expensive to you may well appear cheap to someone who is used to paying a lot more for similar property elsewhere.
Expensive relative to many NZ incomes perhaps, not necessarily to others.

**td91** · 03-03-2013, 10:00 PM

@Turneg01, possibly a buy cheap, reno and sell for a profit situation, who knows though people move on for all sorts of reasons.

@ammar, yes Takapuna is expensive but it's lacking the investment people should be putting into it, in theory those block houses on Anzac Street should of just been purchased and knocked down then turned into apartments and offices. Takapuna isn't moving nearly as much as what other suburbs are, there should be new developments in Takapuna popping up everywhere. Takapuna is still quite cheap compared to other suburbs. Take The Block NZ for example, $789,000 is what it costs for a fully reno'd house to a top standard, with a view of the city, 5 minutes walk to the local supermarket, 5 minutes walk to Takapuna Mall and Hurstmere Road which includes popular bars and cafes, around 10 minutes walk from Takapuna Beach, in zone for Takapuna Grammar, Rosmini College, Carmel College and the Westlake schools all top sought after North Shore high schools, public transport is almost at your door, fast food and restaurants are 5 minutes away and the city off peak is a mere 10 minutes max drive. It's your ideal lifestyle, yet that house only hit reserve and even still it was difficult to hit reserve.
While it may seem 'expensive' as the above post states in so many words what's cheap and what's expensive is different in many peoples eyes. The fact of this matter is just the other day 2 run down state houses in Sandringham riddled with mould, all needing to be gutted inside out, while they may be on full sites they still went for $860,000 and over $1 Million. The Sandringham houses are almost the same off peak driving distance to the city centre as the Takapuna Block Houses, yet in Takapuna you can buy a fully done up house cheaper than what you can buy a house in Sandringham with not as much convenience and needing to be completely gutted.

My point: Takapuna is extremely under valued to what it should be. There is so much going for it yet we're able to pick up really nice houses in Takapuna with walking distance to almost everything for under $1 million? That's the point. Takapuna isn't growing as it should be.