APRIL 2011 City Fringe Flyer
4
web ID AD12283 web ID AD12279 NOW SELLING web ID AD12290 web ID AD12270 www.anneduncan.co.nz I 09 846 9470 web ID AD12278 2 Kerr Taylor Ave, Mt Albert Auction: Wed 20th April (unless sold prior) Beauti ully presented 4 dbl brm home, large open plan living owing onto balcony with sweeping city views. Anne Duncan 021 996 426 7 Winsomere Cres, Westmere Price: By Negotiation Funky 2 brm duplex in desirable Westmere. Stunningly renovated, antastic indoor/outdoor ow. Jamie Morrison 021 684 400 786 New North Rd, Mt Albert Auction: Wed 20th April (unless sold prior) Immaculately presented and recently reurbished character bungalow with new outdoor entertaining area. Anne Duncan 021 996 426 37 St Lukes Rd, Mt Albert Auction: Wed 20th April (unless sold prior) Spacious 3 brm 1920’s character bungalow , close to St Lukes Shopping Centre Miriam Fan 027 292 9778 Anne Duncan 021 996 426 791 New North Rd, Mt Albert Auction: Wed 20th April (unless sold prior) Charming 1920’s bungalow with stunning original eatures & native timber that radiates warmth. Roberto de Melo 021 887 646 Vincent Barnao 021 2758 925 city fringe FLYER APRIL 2011 Y ou s e e our s i gn s e v e ry w h e r e ! over 100 people through the frst weekend at a Mt Albert open home the other day , so that shows the demand is there or the right property. Our biggest problem is a lack o stock and satisying that demand.” The QV data or the fnal 2010 quarter puts Pt Chev in top place or local price gain – up 15.5 per cent over levels two years earlier, and 14.4 per cent above rating capital values (set in 2008) or the average sale. Not ar behind were Sandringham (a rise o 13.8 per cent over the two years, and a lit on CV o 18 per cent), Kingsland (a jump o 12.5 per cent and a ull 10 per cent above CV on average), Mt Albert (up 12.3 per cent, with a similar jump in T HINKING o selling, but worried you might have to drop your price rom the giddy heights o the boom years? Well, you may be worrying about nothing – city ringe prices in many areas are back above the levels o 2007. QV data shows that prices across New Zealand are down by 6 per cent on the peaks o October 2007. But greater Auckland has done much better, with an overall decline o about 3%. Some quality suburbs close to the city centre have even risen. Good schools, excellent transport links and top community acilities have combined to push local suburbs rom Waterview and Pt Chevalier through Mt Albert to Sandringham and Kingsland into the top echelon o property achievers since the boom. While many outlying suburbs have slipped, city ringe prices have recovered. Suburbs orming the heart o the Anne Duncan business now rate as some o Auckland’ s best perormers. QV statistics or the fnal quarter o 2010 show Grey Lynn has made huge strides (with prices up around 20 per cent on levels o two years earlier), enjoying the ow-on impact o sharing boundaries with some o the city’ s most celebrated high-yers, like Herne Bay and Ponsonby. That phenomenon – known in valuation circles as the ripple eect – is helping values in neighbouring suburbs to widen the gap between the city ringe and more ar-ung areas. Anne Duncan says the data should give more confdence to would-be vendors, many o whom have been sitting on their hands, waiting or prices to rise - leading to a slow-down in sales. “The reality is that we are getting very good prices now, especially or character homes and good quality three and our-bedroom properties,” she says. “We had average sales compared to actual CV) and Western Springs (also with an increase o 12.3 per cent over the two years). Waterview (up 8.2 percent since the end o 2008) and New Windsor (a rise o 7.4 per cent in the same period) rounded o the impressive local perormance. “These are great areas close to Queen St and, as Auckland grows and confdence returns to the economy, will always be in demand,” says Anne. “Sales are certainly down at the moment, but prices are doing really well, especially or well- presented properties. My advice to prospective vendors is to move on with their lives and test the market. They could be very pleasantly surprised.” Post-boom city fringe price gains show value of testing the market THREE CHEERS FOR BRICKS AND MORTAR IF you ever doubted the worth o bricks and mortar to grow personal wealth, look at the record o this 1920s Kitenui Ave bungalow. Anne Duncan was the agent when the property was bought as a do- up in 1993 or $193,000. For various reasons, the owners never quite got around to tackling the do-up. They polished the oors and replaced the roo, but let the eatures (kitchen, bathroom and even scrim walls) intact. It went back on the market in December last year and sold quickly or $725,000 – a staggering 3.75 times its original cost. Ination helped, o course (i the house had kept pace with ination, the value would have reached $291,000 at the end o last year), but it was overall a great endorsement o the value o residential property.
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Transcript of APRIL 2011 City Fringe Flyer
8/7/2019 APRIL 2011 City Fringe Flyer
http://slidepdf.com/reader/full/april-2011-city-fringe-flyer 1/3
web ID AD12283
web ID AD12279
NOW SELLING
web ID AD12290
web ID AD12270
www.anneduncan.co.nz I 09 846 9470
web ID AD12278
2 Kerr Taylor Ave, Mt AlbertAuction: Wed 20th April (unless sold prior)
Beautiully presented 4 dbl brm home,large open plan living owing ontobalcony with sweeping city views.
Anne Duncan 021 996 426
7 Winsomere Cres, WestmerePrice: By Negotiation
Funky 2 brm duplex in desirableWestmere. Stunningly renovated,
antastic indoor/outdoor ow.Jamie Morrison 021 684 400
786 New North Rd, Mt AlbertAuction: Wed 20th April (unless sold prior)
Immaculately presented and recentlyreurbished character bungalow with
new outdoor entertaining area.Anne Duncan 021 996 426
37 St Lukes Rd, Mt AlbertAuction: Wed 20th April (unless sold prior)
Spacious 3 brm 1920’s characterbungalow , close to St Lukes
Shopping CentreMiriam Fan 027 292 9778Anne Duncan 021 996 426
791 New North Rd, Mt Albert
Auction: Wed 20th April (unless sold prior)Charming 1920’s bungalow with
stunning original eatures & nativetimber that radiates warmth.
Roberto de Melo 021 887 646Vincent Barnao 021 2758 925
city fringe FLYERA P R I L 2 0 1 1Y ou s e e our s i gn s e v e ry w h e r e !
over 100 people through the frstweekend at a Mt Albert openhome the other day, so thatshows the demand is there orthe right property. Our biggestproblem is a lack o stock andsatisying that demand.”
The QV data or the fnal 2010quarter puts Pt Chev in top placeor local price gain – up 15.5 percent over levels two years earlier,and 14.4 per cent above ratingcapital values (set in 2008) or theaverage sale.
Not ar behind wereSandringham (a rise o 13.8 percent over the two years, and a liton CV o 18 per cent), Kingsland(a jump o 12.5 per cent anda ull 10 per cent above CV onaverage), Mt Albert (up 12.3per cent, with a similar jump in
THINKING o selling, butworried you might have to
drop your price rom the giddyheights o the boom years? Well,you may be worrying aboutnothing – city ringe prices inmany areas are back above thelevels o 2007.
QV data shows that prices acrossNew Zealand are down by 6 percent on the peaks o October2007. But greater Auckland hasdone much better, with an overalldecline o about 3%. Somequality suburbs close to the citycentre have even risen.
Good schools, excellent transportlinks and top community acilitieshave combined to push localsuburbs rom Waterview andPt Chevalier through Mt Albertto Sandringham and Kingslandinto the top echelon o propertyachievers since the boom.
While many outlying suburbshave slipped, city ringe priceshave recovered. Suburbs ormingthe heart o the Anne Duncanbusiness now rate as some oAuckland’s best perormers.
QV statistics or the fnal quartero 2010 show Grey Lynn hasmade huge strides (with pricesup around 20 per cent on levelso two years earlier), enjoyingthe ow-on impact o sharingboundaries with some o the
city’s most celebrated high-yers,like Herne Bay and Ponsonby.
That phenomenon – known invaluation circles as the rippleeect – is helping values inneighbouring suburbs to widenthe gap between the city ringeand more ar-ung areas.
Anne Duncan says the datashould give more confdenceto would-be vendors, many owhom have been sitting on theirhands, waiting or prices to rise -leading to a slow-down in sales.
“The reality is that we are gettingvery good prices now, especiallyor character homes and goodquality three and our-bedroomproperties,” she says. “We had
average sales compared to actualCV) and Western Springs (alsowith an increase o 12.3 per centover the two years).
Waterview (up 8.2 percent sincethe end o 2008) and NewWindsor (a rise o 7.4 per cent inthe same period) rounded o theimpressive local perormance.
“These are great areas closeto Queen St and, as Aucklandgrows and confdence returnsto the economy, will alwaysbe in demand,” says Anne.“Sales are certainly down at themoment, but prices are doingreally well, especially or well-presented properties. My adviceto prospective vendors is tomove on with their lives and testthe market. They could be verypleasantly surprised.”
Post-boom city fringe price gainsshow value of testing the marketTHREE CHEERS FOR BRICKS AND MORTAR
IF you ever doubted the worth o bricks and mortar to grow personalwealth, look at the record o this 1920s Kitenui Ave bungalow.
Anne Duncan was the agent when the property was bought as a do-
up in 1993 or $193,000. For various reasons, the owners never quitegot around to tackling the do-up. They polished the oors and replacedthe roo, but let the eatures (kitchen, bathroom and even scrim walls)intact.
It went back on the market in December last year and sold quickly or$725,000 – a staggering 3.75 times its original cost.
Ination helped, o course (i the house had kept pace with ination,the value would have reached $291,000 at the end o last year), but itwas overall a great endorsement o the value o residential property.
8/7/2019 APRIL 2011 City Fringe Flyer
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web ID AD12245
47 Mt Albert, Mt AlbertAuction: Wed 20th April (unlesssoldprior)
Just completed a ull makeover, thishome is ready or you to enjoy.3 brms, 2 bthrms, ully enced.Anne Duncan 021 996 426Josh Powell 021 905 234
13 Commercial Rd, Arch HillPrice: $By Negotiation
Cosy,charming 3 dbl brm square rontvilla cottage. Easy ow rom living ontowest acing deck with private garden.
Vincent Barnao 021 2758 925
82 Taylors Road Mt AlbertA stunning home with a sleek and modern design throughout,you see yoursel living here the second you step in. With thespace, generous living areas and open plan design this home isall the modern day amily desires. Great outdo or ow onto thecourtyard perect or entertaining all year round.
web ID AD122820
26 Rossgrove Tce, Mt AlbertPrice: $625,000
4 brm character bungalow in one oMt Albert’s ‘Picture Postcard’ areasamongst other character homes.
John Covich 021 946 933Mark Covich 021 846 944
City Fringe Flyer is a community newsletter and readers should seek proessional guidance beore acting on anyadvice, opinion or inormation ound in its columns. It is published by Anne Duncan Real Estate Ltd, which cannot
accept any liability or responsibility or any loss or damage suered by any individual or group acting on anymaterial it contains. Editorial inquiries: [email protected]
Anne Duncan Real Estate Ltd MREINZ
LICENSED REAL ESTATE AGENT (REAA 2008)
P R I L 2 0 1 1 Y ou s e e our s i gn s ev ery w h er e!
746 New North Road,Mt Albert, Auckland
Ph 09 846 9470www.anneduncan.co.nz
HOW TO REACH US
THINKING OF SELLING?
For an obligation-ree appraisal o yourhome, fll out this slip and drop/post it intoour ofces: 746 New North Rd (oppositeRocket Park). We’ll make contact ater that.
Your name
Address
Phone
What best describes yourposition? (tick)
Keen to sell now/soon
Need appraisal beforemaking up my mind
Simply interested in whatmy house is worth
NOW SELLING NOW SELLING
web ID AD12266
web ID AD12282 web ID AD12238
web ID AD1226781A Dundale Ave, Blockhouse Bay
Price: $By NegotiationThree good sized bedrooms.
Generous open-plan kitchen, diningand living areas. Double garaging ona reehold site with its own driveway.
Jamie Morrison 021 684 400
web ID AD12289
68A Woodward Rd, Mt AlbertPrice: $By Negotiation
3 level townhouse perect or largeamily. Close to train, Unitec. Zoned
or Gladstone Primary & MAGS.Roberto de Melo 021 887 646
web ID AD12281
274 Meola Rd, Pt ChevalierPrice $By Negotiation
Home & income, investment ordevelopment opportunity. 5 brms, 2bthrms over 2 dwellings on 809m2.
Mark Bailey 021 714 799
23 Batkin Rd, New WindsorAuction: Wed 20th April (unlesssoldprior)
Immaculately cared or by the sameamily or over 21 years this 3 brm
home is one that will not disappoint.Jamie Morrison 021 684 400
web ID AD12286 web ID AD12292 web ID AD12276
35 Aroha Ave, SandringhamCheryl Martin
Blair Stanaway
27 Whitney StNew Windsor
Jamie Morrison
75 Pt Chevalier RdPt ChevalierMark Bailey
11 Potatau StGrey Lynn
Vincent Barnao
182 Mt Albert Rd,Mt Albert
Greg Whitta
106 Methuen RdNew Windsor
Alaina Cartwright
10 Rossgrove Tce, Mt AlbertAuction: Wed 20th April (unlesssoldprior)
Attractive 1920’s reurbishedcharacter bungalow. 3 brms, openplan living plus studio at the rear.
Anne Duncan 021 996 426
1A Tutuki St, WaterviewPrice: $559,000
Gorgeous 1920’s bungalow movedrom Franklin Rd in 2005. 3 dbl
brms, 2 bathrms & modern kitchenLynn Margan 0274 830 109
Roberto de Melo 021 887 646
33A Tomo StNew Lynn
Anne DuncanLynn Margan
A wise girl kisses but doesn’t love, listens but doesn’t believe, and leaves beore she is let (Marilyn Monroe) All you need is love. But a little chocolate now and then doesn’t hurt (Charles Schulz)
The teamYour advantage
25A Glendon Ave, WaterviewPrice: $By Negotiation
In a quiet cul-de-sac this 4bedroom light-flled townhouse
has all the requirementsVincent Barnao 021 2758 925Jamie Morrison 021 684 400
81 Asquith Ave, Mt AlbertPrice: $635,000
1960’s delight with ‘Titirangi’ eel.3 brms, ofce, polished oors &
modernised bathroomBlair Stanaway 021 486 792Cheryl Martin 021 277 1774
3/3 Patterson St, SandringhamPrice: $By Negotiation
Renovated & reurbished with twodouble bedrooms, new kitchen,
bathroom, laundry, paint & carpets.Greg Whitta 021 992 612
web ID AD12284
web ID AD12264
62 Owens Road EPSOMA 1900’s villa, untouched or years is ready and waiting or itsnew amily. Featurnig n3 dbl brms, separate lounge and dining,all inused with the character eatures o yesteryear. On a ull693m2 section inside Auckland and Epsom Girls GrammarSchool zones and surrounded by quality homes.
Auction: Wed 6th April (unless sold prior) Auction Centre 746 New North Rd, Mt Albert
Contact: Anne Duncan 021 996 426
web ID AD12272
44 Grande Ave MT ALBERTSet in a quiet sought ater cul-de-sac on the western slopes oMt Albert, this 4 brm amily sized home has all the ingredientsor amily entertaining. Inground pool with decking or outdoorentertaining. Westerly aspect with all day sun and magicsunsets. Loads o o street parking with garage, carport and
room or the boat.
web ID AD12261
web ID AD12240
Auction: Wed 6th April (unless sold prior) Auction Centre 746 New North Rd, Mt Albert
Contact: Greg Whitta 021 992 612
18 Royal Terrace SANDRINGHAMThis cute 3dbl brm villa sits pretty as a picture. Charactereatures surround the entrance hallway, double bedrooms,all leading to modern kitchen and open plan living. Superbindoor/outdoo r ow with a wrap around veranda at the ront,and private deck areas at the rear.
Auction: Wed 6th April (unless sold prior)
Auction Centre 746 New North Rd, Mt Albert
Contact: Anne Duncan 021 996 246
BY NEGOTIATION
web ID AD12269
29 Tyburnia Ave MT ALBERT3 brm original Mt Albert bungalow on a at sunny site,minutes to shops and public transport. Opportunities or asecond minor dwelling, potential to subdivide or just landbank. Inside, a blank canvas to personalise as time andmoney permits.
Auction: Wed 6th April (unless sold prior)
Auction Centre 746 New North Rd, Mt Albert
Contact: Jamie Morrison 021 684 400
www.anneduncan.co.nz
Auction: Wed 6th April (unless sold prior)
Auction Centre 746 New North Rd, Mt Albert
Contact: Anne Duncan 021 996 246Josh Powell 021 905 234
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web ID AD1225923 Parkdale Rd, Mt Albert
Price: $By NegotiationSpacious 3 brm ex state on sunny
784m2 enced section, andGladstone/MAGS zone.
Vincent Barnao 021 2758 925Miriam Fan 021 292 9778
28 Don Croot St, KingslandPrice: $By Negotiation
4 x 2brm units, each with carport. 3 othe 4 have been recently reurbished.
Anne Duncan 021 996 426Josh Powell 021 905 234
2/135 Pah Rd, Royal OakPrice: $By Negotiation
Immaculately presented 2 brm brick &tile unit. Generous living area ows ontoa ully enced courtyard and deck area.
Anne Duncan 021 996 426
6 Colwill Rd, MasseyAuction: Wed 20th April (unless sold prior)
Solid 1960’s 3 brm amily home withspacious living and separate dining.Enormous potential to add value.
Donna Whyte 021 550 274
27 Margaret Ave, Mt AlbertAuction: Wed 6th April (unless sold prior)
Street appeal, Character, 3 bedroombungalow, sunny amily sized section,
at north acing yard. Great ow.Blair Stanaway 021 486 792Cheryl Martin 021 277 1774
web ID AD12263
106A New Windsor Rd, New WindsorPrice $By Negotiation
4 brm contemporary home in apopular neighbourhood eatures
open and light-flled spacesJamie Morrison 021 684 400
web ID AD12271
2/56 Blockhouse Bay Rd, AvondalePrice: $By Negotiation
Large amily home set o the road &so close to the city. 4 brms upstairs,
north acing open plan living.Cheryl Martin 021 277 1774Blair Stanaway 021 486 792
web ID AD12273
3/42 Asquith Ave, Mt AlbertAuction: Wed 23rd March (unless sold prior)
3 brm Brick & Tile, 1950’s endunit reurbished to meet today’s
contemporary livingLynn Margan 0274 830 109Gary Agnew 021 960 533
web ID AD12262
web ID AD12275 web ID AD12294 web ID AD12265
NOW SELLING
Behind every successul man is a woman. Behind her is his wie (Groucho Marx)
city fringe FLYER
THE huge demand or rentalproperty has reset values in thecity ringe area, with $900 a weekrentals or quality our-bedroomhomes in the wider Mt Albert areamore requent now than anytimebeore.
“Quality properties are just yingout the door,” says Des Ryder, heado the Anne Duncan Real Estateproperty management team.“We have lists o brilliant tenantswaiting or a place to rent andwe’re placing them within days ovacancies hitting our desks.”
Des says the Christchurch quakehas added more pressure, withplenty o excellent prospectivetenants rom the South Islandmaking contact lately.
Added to that is the strain posedby otherwise “natural buyers”who are “biding their time” –staying renting at the moment andbuilding up their deposits.
Des says he knows o somepeople staying in motels at aweekly cost o $1000, waiting ora home to rent and many others
have told him o searching ormonths to fnd a suitable rental.
Des and his team don’t runlarge open homes or rentals. Theypreer to pre-check applicantswhere possible and build up lists oqualifed and high quality tenants.
“We have many outstandingtenants on our books looking or ahome and our problem is that wedon’t have enough quality stock tosatisy the demand,” says Des. “Iany landlords out there are lookingor a proessional approach to
property management, we’d loveto hear rom them.”Summer is normally a busy
time o the year, as students andamilies make their plans. But therental team expects the demand-
Rents start to climb as qualitytenants queue up for a home
and-supply imbalance to continueuntil Easter this year.
In the meantime, rents are goingup. Des tells the story o a our-bedroom in Sandringham nowcommanding $800 a week – up by$150 over the last two years.
Elsewhere in the Anne Duncancatchment area, two-bedroomunits are etching $320-$380a week, three bedroom housesusually run between $550-$680and our bedroom are drawing$650-$900.
FOR people living in Wesley Ave,Mt Albert, it must have seemedlike the real estate boom timeswere back. Scores o groups atopen homes, urious auctionbidding and sensational price –it was all there.
Centre o attraction was 4Wesley Ave (pictured), a part-renovated 1950s three-bedroom
home with two bathrooms thatcaught the eye o 14 interestedparties through the three-weekmarketing plan o consultantsJohn and Mark Covich.
The owner, an architect, hadlived at the house or 11 years,taking his time to plan thetransormation into a moderncontemporary home.
He started rom the rearo the property with expertlandscaping, and then wentto work on the bedrooms and
bathrooms, bringing the interiorback to bare bones and cuttingno corners in the renovation.
Late last year it was time totackle the ront o the property– to transorm the kitchen andlounge and open up a biggerliving area. Then came anopening he could not ignore: thechance to return to hometownInvercargill to take up a new
career opportunity.So, with the next stage o
the transormation alreadyunder consideration, 4 WesleyAve went on the market. Themarketing campaign drew aterrifc response: 103 groups thefrst weekend, adding up to anexciting auction night.
With a CV o $560,000 (notreecting the ull extent othe renovation), the owners’expectations were realistic,despite the desirable location.But at $740,000 three bidderswere still in the hunt and the
hammer fnally ell at $797,000.The vendor was delighted and
so were the buyers, a coupleeyeing Mt Albert GrammarSchool or their teenage son.
As John Covich says, “itwas a terrifc result all roundand showed the value o theauction system backed by strongmarketing and a wealth o localknowledge.”
Great auction campaign bringsback memories of boom times
Y ou s e e our s ign s e v e ry w h e r e !
