Neglected Auckland home shows market change

[Homed header] Hi {NAME}, It could be a bargain for somebody, but [this neglected Papatoetoe home]( - in dire need of maintenance, renovation, or the wrecking ball - shows just how much Auckland property values have shot up since the current owner bought it in 1986. Back then, the owner, now in her 70s, paid $133,500. It’s anybody’s guess what it will sell for when it auctions on Tuesday with a $1 reserve, but the 2021 RV is $1.675 million, and the section is 1429m³, giving plenty of options. The agent is letting the house speak for itself in his listing – his sales pitch is essentially just two sentences: “$1 reserve – this is all you need to know. This is selling, no questions.” He says he’s had interest from “do-up investors” as well as developers and others looking to renovate to create a family home. Whatever it goes for - and however teeny the 1986 sales price looks from this distance - the fact remains that the vendor is going to need a chunk of money if she wants to stay in Auckland. And that seems a fair assumption, considering she no doubt has family and many other connections built up over the decades. Happy weekend! [Kylie Klein-Nixon] Joanna Davis Homed Editor [Kylie Klein-Nixon] Joanna Davis Homed Editor   Enjoying this email? [Check out Stuff's other daily and weekly newsletters.](   [timer][trk_px] [timer][trk_px] Off-grid living at its best     [Young couple go off-grid]( Grand Designs NZ Review: Here in the Canterbury high country, there's no internet, and a traditional range is used for cooking, hot water and heating. Yet this small family couldn't be happier. [timer][trk_px]   opportunity knocks 'Mystery house' listed With its rooftop gargoyles and pigeon infestation, this abandoned Tudor-style house is the subject of much conjecture. [Read more →]( property to admire Queen's Wharf beauty This apartment in one of the capital's most picturesque buildings, right on the waterfront, could be yours for Christmas. [Read more →]( historic gem Cute cottage a keeper The railway cottage in Palmerston North wasn't Nikki Lovatt's first renovation project, but it proved a hard one to put back on the market. [Read more →]( potential plus For sale with $1 reserve "$1 reserve - this is selling; no questions." The listing agent says that's all you need to know about this 1429sqm property in Papatoetoe. [Read more →]( If you find Stuff's Homed useful and inspiring, please consider becoming a supporter. [I'd like to contribute →]( [Discover more at Homed]( You are receiving this email because you are opted in to receive the Stuff Homed newsletter. [Unsubscribe]( [Manage your profile]( [Privacy Policy]( Did a friend forward you this email? [Sign up to get the Stuff Homed newsletter in your inbox.]( Stuff, 4 Williamson Ave, Ponsonby, Auckland 1021, New Zealand [Facebook]( [Instagram]( [TikTok]( [YouTube](