December 12, 2016 | PROPERTY REPORT

RECENT SALES

PROPERTY PRICES There have been sales in the past 12 months of smaller one- to two-bedroom units in the suburb for less than $1 million. An average property (a villa of three to five bedrooms on 300 to 500sq m) sells for between $2 million and $2.5 million. A top-end property of at least four bedrooms on a site larger than 400sq m sells for $4 million-plus. Bernadette Morrison, of Bayleys, says more than 40 per cent of all sales in the suburb were for more than $2 million in the 12 months to September, according to Real Estate Institute data. Jack Atherton, of Barfoot & Thompson, says: “This year alone there have been at least four house sales over the $4 million dollar mark as demand for luxury homes in St Marys Bay surges ahead.”

RENTS $4.3 million: 11 St Francis De Sales St.

Two-bedroom homes generally rent for around $600 a week but can hit $800 for better examples, while three-bedroom homes start around $900 and can reach $1200 a week for a luxury home. Larger homes can rent from $1200 and higher.

In February a modest four-bedroom home with stunning views at 11 St Francis De Sales St — one of the best streets in the suburb — sold for $4.3 million at auction.

SCHOOLS A three-bedroom villa on an elevated site with sea views at 2 Melford St changed hands for $2.41 million earlier this year.

Ponsonby Primary, Ponsonby Intermediate, Auckland Girls’ Grammar, Western Springs College, St Marys College.

BEST STREETS

$2.41 million: 2 Melford St.

St Francis de Sales St, Yarborough St, Cameron St.

A price in the mid-$2 millions was achieved for 28 Dunedin St, a five-bedroom property with secure double garaging.

LOCAL ATTRACTIONS Jacobs Ladder Originally built in the 1800s to provide access down the cliffs to the shoreline, this structure has been revamped to connect with a footbridge over the widened motorway and provides access to Westhaven Marina, a favourite spot to walk or run. Ponsonby and Jervois Rd strips The bars, restaurants, cafes and boutiques of these two lively strips are on the boundary of the suburb a short walk away, and an easy downhill stroll at the end of the night. Leys Institute An example of turn-of-the-century Edwardian baroque architecture, the 1905 Leys institute was established to serve as a free library and now, under Auckland Council stewardship, still serves that purpose with a focus on the area’s history.

Mid $2 millions: 28 Dunedin St.

Bayleys Selling St Marys Bay and surrounds Bayleys have long been a premier force in real estate in and around St Marys Bay. Our high profile residential agents have an exceptional track record. When you need the best advice possible, turn to the experts – Bayleys Ponsonby. Call us now.

Bernadette Morrison

Duncan Ritchie

Robyn Clark

Karen Spires

Trisha Vincent

Peter Tanner

Blair Haddow

Luke McCaw

Andrea Ritchie

Suzie Paine

HERNE BAY

PONSON NBY GREY LYNN

Simon Smith

George Passmore

Chris Batchelor

PT CHEV WESTMERE

Bernadette Morrison – Sales Manager, 305 Ponsonby Road, Ponsonby, Auckland B 09 375 8494 | D 09 375 8650 | M 021 345 520 | bernadette.morrison@bayleys.co.nz Bayleys Real Estate Ltd. Licensed under the REAA 2008.

Brad Roebuck

Lisa Smyth

Daryl Spense

ARCH HILL

Sally Ridge

Warren Fenning

David Downie

HERNE BAY

FREEMANS BAY ST MARYS BAY

www.bayleys.co.nz