Extraordinary Change - The Luxury Issue 5, 2022

The

Issue 5, 2022

Luxury Issue

Extraordinary Change Lisa MacQueen

Verena Ryan

021 221 8622

027 522 0773

l.macqueen@barfoot.co.nz

PG

v.ryan@barfoot.co.nz

A bespoke property service in the heart of Auckland.

Lisa MacQueen 021 221 8622 l.macqueen@barfoot.co.nz

Verena Ryan 027 522 0773 v. r y a n @ b a r f o o t . c o . n z

E

xtraordinary changes are underway that will completely alter the visual landscape of Remuera. While we may not look like New York at the end of the journey, neither will we remain as we are.

Can one of those extra storey’s become a unit that can be sold? What development could take place on our neighbour’s property? How does that affect our view and amenities? What are the detrimental risks? What are the positive upsides?

Government’s mandate to Council sees far greater housing intensification in our suburb. Apartment and terraced housing extends down the Remuera Road corridor and fans out into the Southern Slopes. Large swaths of the Northern Slopes currently zoned single housing will be rezoned mixed housing urban modified (MHU).

Once the proposed changes come into effect you may have options that yesterday you didn’t have. We recommend you check out your proposed new zoning at aucklandcouncil.maps.arcgis.com.

A zone that allows up to 3 units, 3 storeys high without resource consent subject to design controls. Single house zone shrinks to isolated pockets.

These changes call for a re-think for many homeowners.

Is the highest value in our land as a development site?

Can we subdivide? Can we build an extra storey or two?

We are helping a number of local homeowners understand how the changes affect them. Please feel free to contact us if you are looking for specific advice on your options and where to, from here.

Warmest regards Lisa and Verena

Lisa MacQueen and Verena Ryan

January-April: Sales over 4 million

19 Arney Crescent

134 Arney Road

5 Chatfield Place

10 Komaru Street

65 Lingarth Street

Sold $5,620,000 CV $7,100,000 Land 690m2 | Floor 499m2

Sold $5,850,000 CV $3,600,000 Land 695m2 | Floor 437m2

Sold $5,320,000 CV $4,650,000 Land 607m2 | Floor 295m2

Sold Price Confidential CV $7,400,000 Land 1,853m2 | Floor 283m2

Sold $4,900,000 CV $4,350,000 Land 619m2 | Floor 314m2

18 MacMurray Road

803/10 Middleton Road

12 Ngapuhi Road

3 Orakei Road

20A Orakei Road

Sold $6,555,000 CV Unknown Land 1,397m2

Sold $4,250,000 CV $4,250,000 Land N/A | Floor 188m2

Sold $4,590,000 CV $3,175,000 Land 782m2 | Floor 232m2

Sold $5,553,000 CV $5,600,000 Land 954m2 | Floor 298m2

Sold $8,465,000 CV $7,200,000 Land 1,318m2 | Floor 504m2

160 Orakei Road

19 Platina Street

6/464 Remuera Road

503/424 Remuera Road

574 Remuera Road

Sold $4,700,000 CV $5,200,000 Land 940m2 | Floor 362m2

Sold $4,920,000 CV $3,800,000 Land 999m2 | Floor 221m2

Sold $8,200,000 CV $6,100,000 Floor 285m2

Sold $4,750,000 CV $4,300,000 Floor 240m2

Sold $4,499,950 CV $5,500,000 Land 1,520m2 | Floor 205m2

724 Remuera Road

24 Ridings Road

68 Seaview Road

15 Stirling Street

21 Upland Road

Sold $4,600,000 Sold $6,900,000 CV $4,500,000 CV $4,950,000 Land 1,293m2 | Floor 362m2 Land 918m2 | Floor 275m2

Sold $5,100,000 Sold $5,250,000 CV $5,600,000 CV $4,650,000 Land 1,550m2 | Floor 398m2 Land 787m2 | Floor 262m2

Sold $11,600,000 CV $9,600,000 Land 2,979m2 | Floor 558m2

70 Victoria Avenue

294 Victoria Avenue

3 Waiata Avenue

143 Victoria Avenue

334A Victoria Avenue

Sold $7,000,000 Sold $6,575,000 Sold $11,000,000 Sold $6,640,000 CV $6,500,000 CV $5,600,000 CV $9,900,000 CV $7,500,000 Land 1,161m2 | Floor 420m2 Land 1,219m2 | Floor 278m2 Land 1,158m2 | Floor 602m2 Land 364m2 | Floor 263m2

5 Waiata Avenue Sold $6,500,000 CV $4,650,000 Land 617m2 | Floor 355m2

Sold $4,900,000 CV $4,050,000 Land 920m2 | Floor 345m2

Lisa MacQueen and Verena Ryan

January-April 2022: Sales 3-4 million

3 Armadale Road

20 Bell Road

10 Belmont Terrace

34 Dell Avenue

Sold $3,798,000 CV $3,375,000 Land 607m2 | Floor 238m2

Sold $3,975,000 CV $3,900,000 Land 782m2 | Floor 224m2

Sold $3,250,000 CV $3,025,000 Land 389m2 | Floor 131m2

Sold $3,650,000 CV $3,250,000 Land 612m2 | Floor 332m2

9 Kenny Road

8 Lingarth Street

29 Lingarth Street

502 Remuera Road

Sold $3,635,000 CV $3,250,000 Land 611m2 | Floor 158m2

Sold $3,950,000 CV $3,325,000 Land 728m2 | Floor 230m2

Sold $3,200,000 CV $2,925,000 Land 450m2 | Floor 202m2

Sold $3,540,000 CV $4,350,000 Land 675m2 | Floor 293m2

32 Sonia Avenue

25 The Glen

194 Upland Road

44 St Vincent Avenue

Sold $3,050,000 CV $3,125,000 Land 1/2 1,085m2 | Floor 216m2

Sold $3,555,000 CV $2,900,000 Land 611m2 | Floor 299m2

Sold $3,600,000 CV $3,175,000 Land 779m2 | Floor 229m2

Sold $3,318,000 CV $2,750,000 Land 607m2 | Floor 195m2

Let us assist your next move.

Verena Ryan 027 522 0773

v.ryan@barfoot.co.nz

Lisa MacQueen 021 221 8622

l.macqueen@barfoot.co.nz

This publication shows data regarding a wide selection of published residential property sales. The information comes from multiple sources and published reports of sales made by most Real Estate agencies, and may include private sales. Where data is not publicly available, an individual sale may not be reported. Every reasonable effort has been made to ensure the accuracy of the information. Lisa MacQueen, Verena Ryan and Barfoot and Thompson Limited (REAA2008) accept no responsibility should the contents of this market report prove to be incomplete or incorrect.

Remuera Branch, 417 Remuera Road | 09 524 0149