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OUR EXCLUSIVE PROPERTY MAGAZINE

W EL CO M E TO OU R

'AS IS' AUCTION DAY

ISSUE 48 17TH FEBRUARY 2017

reside


FEBRUARY

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2 3 9 10

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WORK

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OU R T S

WITH THE

BEST!

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F

GOLD AUCTION DAYS

11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28

JOHN MCFADDEN Business Owner Harcourts Gold AREINZ

LYNETTE MCFADDEN Business Owner Harcourts Gold AREINZ

CAMERON BAILEY Business Owner Harcourts Gold & Sales Consultant


WELCOME

TO OUR 'AS IS' AUCTION DAY

HARCOURTS GOLD 2016 'AS IS' STATISTICS

149

‘AS IS’ AUCTIONS 2016

Sold at Auction

133 (89%)

Sold Post Auction 10 (7%) Unsold

$75,000

$54,014,688

$1,915,000

$377,725

$2,381

$17,717

LOWEST PRICE HIGHEST PRICE AVERAGE MARKETING BUDGET

6 (4%)

TOTAL VALUE

AVERAGE SALE PRICE

AVERAGE SALE PRICE OVER “ON THE MARKET” FIGURE


02

ORDER OF SALE

MEET TODAY’S AUCTIONEER

FEBRUARY 17TH 2017 From 10:00 am 01

6 Arosa Place, Parklands

02

38 Shirley Road, Shirley

03

108B Halswell Road, Hillmorton

04

16 Malta Crescent, South New Brighton

05

516 Worcetser Street, Linwood

06

31A Seafield Place, South New Brighton

07

334 Papani Road, Strowan

08

142-144 Rugby Street, Merivale

09

32 St James Avenue, Papanui

10

489 Barbadoes Street, St Albans

11

103 Office Road, Merivale

BIDDING TIP

NO.1

BE CONFIDENT IN YOUR BIDDING

BEN DEANS AUCTIONEER


01

FROM 10:00am

6 Arosa Place, Parklands

‘As Is, Where Is’ - Opportunity Beckons • Situated in a quiet cul-de-sac, close to reserves and Bottle Lake Forest Park this previously renovated and extended home provides living space and bedrooms to suit a wide range of lifestyles and situations. Presented in its earthquake damaged condition with a floor variation of 62mm this home represents an opportunity to repair and add value or an addition to your investment portfolio. • Modern kitchen & bathrooms and open plan living with logburner. • 6 bedrooms 2 living or 5 bedrooms 3 living. • Extra-long single garage. • 693m² CERA Zoned TC3 section. • No EQC or insurance claims to be transferred. • Geotechnical, scope of works & structural reports available.

James Shepherd PARKLANDS

FOR YOUR REFERENCE. SALE PRICE

02

$...........................................

38 Shirley Road, Shirley As Is - Estate Realisation • The trustees are selling this long term investment property. Set on 812sqm of L2 TC3 land with development options. This larger format home of approx. 130sqm plus a two room studio plus double garage provide for multiple options for an investor, extended family, or blended family. • The home provides for 3 bedrooms, 2 toilets and 2 living areas. An original home with a long standing tenant at $380 per week. The trustees have agreed to the repair strategy cash settlement and are selling on an ‘As Is’ basis. A range of reports are available , council LIM, title, scope of works, area geo-report (not site specific), Smart Lift report, engineers report, repair strategy report. Insurer is IAG. • For genuine sale. Land value is $150,000.

Mark & Chloe O’Loughlin Brewer REDWOOD

FOR YOUR REFERENCE. SALE PRICE

03

$...........................................

108B Halswell Road, Hillmorton “As Is,Where Is” Great Location - Great Opportunity • Don’t miss this great opportunity to repair, rebuild, simply live in or rent out and reap the rewards of this sought after location close to all amenities. • This lovely home has three double bedrooms, modern, tidy kitchen and bathroom with sunny living areas flowing out to a private, north-facing outdoor entertaining area. • A double garage with internal access and good off-street parking make this lovely property a perfect purchase. • Set on a quiet rear section with its own driveway. • Being sold “As Is - Where Is” With No warranties and no monies being passed on.

Annette Jacob PAPANUI

FOR YOUR REFERENCE. SALE PRICE

$...........................................


04

16 Malta Crescent, South New Brighton As Is, Uninsured - Coastal Opportunity • Situated in a favourable location - so close to the beach, this property is presented on an ‘as is where is’ uninsured basis. It provides the astute buyer an opportunity to repair, enhance and add value. • Modernised kitchen. • Spacious lounge with log-burner. • Large garage plus workshop. • 607m² CERA Zoned TC3 section. • No EQC or insurance claims to be transferred. • Reports available.

James Shepherd PARKLANDS

FOR YOUR REFERENCE. SALE PRICE

05

$...........................................

516 Worcester Street, Linwood As Is - Estate Realisation • This is a great entry level investment or home for buyers with a modest budget. • Spacious, with lots of timber paneling and generous rooms, the owners and estate have agreed to a cash settlement for the repair strategy. • This home is currently rented for $360 per week by long term tenants. • As a home it has a large lounge, adjoining open plan living kitchen with breakfast bar, 3 bedrooms, separate bathroom. A recent roof paint and some of the exterior has enhanced the visual aspect of the property.

Mark & Kathryn O’Loughlin Picton-Warlow REDWOOD

06

• It is located on a free hold title of 449sqm of medium density L3 land for future land development. Land zone is TC2.

FOR YOUR REFERENCE. SALE PRICE

$...........................................

31A Seafield Place, South New Brighton As Is, Uninsured • The owner has cash settled with their insurer and offers this threebedroom family home to the market on an ‘as is’ uninsured basis. • Damage assessments indicate movement in the concrete perimeter foundation and piles to be approximately 86mm. • Nestled on a quiet, cross-lease section in an enclave of tidy this property is perfectly positioned for those looking for convenience of location and all the recreational opportunities that this coastal community has to offer. • North-facing living opens to a sunny sheltered veranda, lawn and garden area. The cathedral ceiling and exposed beams in the lounge provides a feeling of spaciousness, and the three double bedrooms all have built in wardrobes.

Andrew Swift NEW BRIGHTON

• A separate toilet and laundry, full bathroom, and open-plan kitchen/ dining area complete the picture.

FOR YOUR REFERENCE. SALE PRICE

$...........................................


07

334 Papanui Road, Strowan Grand Old Lady - Grand Potential • You may have seen but have you really seen it? Hidden behind a hedge is a property steeped in history. Families have grown up here and enjoyed wonderful summers playing in the backyard and creating experiences that will be treasured forever. • This large character home has been altered over the years, whilst still retaining some of the original features, like wood panelling etc., but now offers, 4 bedrooms, two bathrooms in the main house and an attached fully self-contained single bedroom flat, plus a single garage and good off-street parking. • Situated on a 920sqm prime corner site in popular Strowan. • Close to the up market Merivale Mall, an easy five-minute stroll, which includes a supermarket, niche cafes, wine bars, shops, full range of restaurants and fashion shops. Some say the heart of social activity in Christchurch.

Leeann Marriott PAPANUI

FOR YOUR REFERENCE. SALE PRICE

08

$...........................................

142-144 Rugby Street, Merivale As Is, Sincere Motivation • A great opportunity to secure a prime inner Merivale large home on 2 titles. This character home is currently divided into 2 flats located just metres from Merivale Mall. The owners have agreed to the settlement for the repair strategy. Changes in their lives have dictated a strong motivation to sell these properties. Are you looking for a project with upside, live in one rent the other, convert to a cool multi room home, or add value and sell later? • The long cottage is a well recognised landmark in Christchurch with a wonderful history. There is a Historic Category 2 Registration on this property. This potentially provides an opportunity to obtain grants for the repair of this property.

Mark O’Loughlin REDWOOD

& Jenny Laney

• With a total of up to 5 bedrooms, 2 kitchens, 3 living areas, 3 bathrooms plus triple car garaging. The clock is ticking as both owners have a time frame to work towards.

FOR YOUR REFERENCE. SALE PRICE

$...........................................


09

32 St James Avenue, Papanui ‘As Is, Where Is’ On St James Ave! • Deemed a repair and to be sold ‘as is, where is’ this 1930s weatherboard home represents a rare and enticing opportunity to establish yourself in a highly-desirable pocket of the city without having to break the bank to do so. • Situated in the heart of a family-friendly neighbourhood and zoned for sought-after schools, this character-packed home boasts four bedrooms, one bathroom (with spa bath) and a well-appointed kitchen. The open plan kitchen/dining area is complemented by a separate lounge, while a study/office enhances functionality. • Timeless period features (including timber paneling and leadlight windows) add to the home’s inherent charm, while a variety of heating solutions augment its natural warmth. • Extra parking available for boats/caravans.

Mary & Amanda Turnbull Barton PAPANUI

FOR YOUR REFERENCE. SALE PRICE

10

$...........................................

489 Barbadoes Street, St Albans As Is Uninsured - Opportunity Beckons • Presented on an as is where is uninsured basis and situated in a superb location close to shops, bus routes and less than 2.5kms to the centre of our rebuilding city this home has options for repair or ideally located for development of your new home or investment property. • Modernised interior. • 4 Bedrooms. • 379m² CERA Zoned TC3 section. • Zoned Residential Medium Density on District Plan. • No EQC or insurance claims to be transferred. • Detailed repair/rebuild strategy report available. • Having settled all claims and now residing elsewhere the owners’ instructions are clear - this home will be sold.

James Shepherd PARKLANDS

FOR YOUR REFERENCE. SALE PRICE

11

$...........................................

103 Office Road, Merivale Merivale Estate Sale: 1960s Classic Home • In 1990 this home was purchased by a retired family because it was single level, and was on its own freehold title with great outdoor spaces for the grandchildren, the vegetables and gardening. • The attraction was the location being only metres from Merivale Mall and the last undeveloped section on the North side of Office Road in this location. • The trustees on behalf of the estate have issued clear instructions that this property after 26 years of ownership is to be sold on an as is basis. The trustees have cash settled the EQC and insurance claims and will be retained by the trustees and not passed to the end purchaser.

Mark O’Loughlin REDWOOD

• The home is still functional as a 3 bedroom, 1 living, 1 bathroom home that has potential to be rented or upgraded.

FOR YOUR REFERENCE. SALE PRICE

$...........................................


REINSURING YOUR DAMAGED HOME 5 ESSENTIAL STEPS

01 INSURANCE

The first step is getting ‘Construction Works Insurance’ (CWI). This covers you against fire, theft, defective design or workmanship or materials while you embark on this process.

05

BANK

02

Now that you’ve got your insurance cover, your property is favourable to banks for mortgage purposes.

ENGINEER’S ASSESSMENT An engineer assesses the building to see what parts of the structure need to be repaired. Following this, a design and plans for the repairs are produced by the engineer. These are called the PS1 forms.

04 INSURANCE APPLICATION As part of the insurance applicati on, the insurers will want to see the engineers design (PS1), engineers sign off form (PS4),the scope of works and the builders sign off form (PS3) plus the photographic evidence. Once these documents have been reviewed by the insurer, the CWI may convert to Full House Cover.

INFORMATION PROVIDED BY BUILDQUAL BUILDQUAL CAN ASSIST IN STEPS 2 AND 3 OF THE PROCESS. WWW.BUILDQUAL.CO.NZ

03 REPAIRS Repairs are then carried out by the builder, as per the engineers design(PS1). The builder will apply for any necessary council consent, as may be required. It is important to document and photograph repairs throughout the process. Once the repairs are complete, the builder will produce a PS3 form, which states that all repairs have been carried out as per building code using correct procedures. The engineer will then sign off the structural repair works and produce a PS4 – stating that the repairs have been completed as per the design (PS1).


05

Conduct of Auction This is an extract from the contract so please refer to complete terms as supplied and available on display.

• The property is offered for sale subject to a reserve price being met, the highest bidder whose bid is accepted by the auctioneer shall be the purchaser. • The auctioneer may nominate the sum by which the bidding can be raised. • The auctioneer may refuse any bid. • The auctioneer or the licensed real estate agent acting for the vendor in respect of the sale may submit a bid on behalf of any person. • The auctioneer shall identify a person so acting before the commencement of bidding. • The vendor reserves the right to bid personally, by a representative, or through the auctioneer and to withdraw the property at any time before it has been sold and with out declaring the reserve price. • If a dispute arises concerning any bid, the auctioneer will determine the dispute or re-offer the property at the last undisputed bid.

THE PURCHASER SHALL IMMEDIATELY ON THE COMPLETION OF THE AUCTION: a) Sign the Memorandum of Contract failing which the auctioneer may sign on behalf of the purchaser. b) Pay to the vendor’s licensed real estate agent the deposit being 10% of the purchase price unless otherwise agreed; and c) Complete its GST information in Schedule 1.


07

AUCTION BID RECORD 17TH FEBRUARY 2017

ADDRESS

ADDRESS

ADDRESS


PAPANUI BRANCH & ADMINISTRATION

NEW BRIGHTON BRANCH

471 Papanui Road, Papanui PO Box 5400, Papanui, Christchurch 8542 DX WP24520, Christchurch PH: (03) 352 6166 FAX: (03) 352 1322 E: enquiries.papanui@harcourtsgold.co.nz

New Brighton Mall PO Box 18515, New Brighton, Christchurch 8641 PH: (03) 382 0043 FAX: (03) 388 0116 E: enquiries.newbrighton@harcourtsgold.co.nz

Harcourts gold, International & Migrant Division, 473 Papanui Road, Papanui PO Box 5400, Christchurch 8542 | PH: (+64) 3 662 9811 | FAX: (03) 352 1322 | E: 888@harcourtsgold.co.nz

REDWOOD BRANCH 280 Main North Road, Redwood PO Box 5400, Papanui, Christchurch 8542 DX WP24520, Christchurch PH: (03) 352 0352 FAX: (03) 352 8400 E: enquiries.redwood@harcourtsgold.co.nz

GOLD PROPERTY MANAGEMENT LTD 501 Papanui Road, Papanui PO Box 5400, Christchurch 8542 PH: (03) 352 6454 FAX: (03) 352 6456 E: gpm@harcourtsgold.co.nz Gold Property Management Eastside, New Brighton Mall PO Box 18515, New Brighton, Christchurch 8641 PH: (03) 382 0043 FAX: (03) 388 0116 GOLD REAL ESTATE GROUP LTD LICENSED AGENT REAA 2008 A MEMBER OF THE HARCOURTS GROUP

PARKLANDS BRANCH Parklands Mall, Queenspark Drive PO Box 18515, New Brighton, Christchurch 8641 PH: (03) 383 0406 FAX: (03) 383 0525 E: enquiries.parklands@harcourtsgold.co.nz

VIEW OUR LIVE ONLINE AUCTIONS AT...

www.homes4sale.co.nz FOLLOW US ON...

THE INFORMATION CONTAINED HEREIN IS GATHERED FROM SOURCES WE BELIEVE TO BE RELIABLE. HOWEVER WE CANNOT GUARANTEE IT’S ACCURACY AND INTERESTED PARTIES SHOULD RELY ON THEIR OWN ENQUIRIES


Reside Magazine 17th February 2017