The sale of a modest inner city house is proving Auckland's property market still has the power to surprise.
The Ponsonby property at 19 Lincoln St is an 81 square metre, 100-year-old duplex, with two bedrooms, one bathroom and no off-street car parking.
It has brought in $945,000 at auction - well surpassing its CV of $570,000.
Barfoot & Thompson's Chris Batchelor is the agent behind the sale.
"It is a pretty big price and I think everyone was surprised, but that is what happens when you get people in the auction room.
"The value was there. CV doesn't factor in emotion," he said.
Batchelor said. location, the fact the house was north-facing, and internal renovations helped drive up the price.
All that is known about the buyer is that they are young and from out of Auckland.
Read more: http://www.stuff.co.nz/business/mone...r-half-a-house
The Ponsonby property at 19 Lincoln St is an 81 square metre, 100-year-old duplex, with two bedrooms, one bathroom and no off-street car parking.
It has brought in $945,000 at auction - well surpassing its CV of $570,000.
Barfoot & Thompson's Chris Batchelor is the agent behind the sale.
"It is a pretty big price and I think everyone was surprised, but that is what happens when you get people in the auction room.
"The value was there. CV doesn't factor in emotion," he said.
Batchelor said. location, the fact the house was north-facing, and internal renovations helped drive up the price.
All that is known about the buyer is that they are young and from out of Auckland.
Read more: http://www.stuff.co.nz/business/mone...r-half-a-house
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