New Zealand's cheapest and dearest homes

This house in Sentinel Rd, Herne Bay Auckland sold for $24 million, making it the most expensive New Zealand home sold ...
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This house in Sentinel Rd, Herne Bay Auckland sold for $24 million, making it the most expensive New Zealand home sold this year.

New Zealand's cheapest home could have been snapped up 2000 times over for the price of our most expensive.

The Herne Bay, Auckland house on its own peninsula that sold for $24 million this year is plusher than the do-it-upper that sold for $12,000 in Ohai, Southland, but both sold significantly over their commercial valuations.

Core Logic, a property analytics and valuation company, has released its list of most and least expensive house sales around New Zealand in the year to November 1, 2015.

Robert Goodwin sold this Ohai house in Western Southland for $12,000 early in 2015.
JOHN HAWKINS/FAIRFAX NZ

Robert Goodwin sold this Ohai house in Western Southland for $12,000 early in 2015.

In Wellington, the gap was not quite as wide but the cheapest house, about $94,000, could still be purchased more than 30 times over for the price of the most expensive in the capital.  

That honour went a Maida Vale Rd, Roseneath, property that stretches across two sections with views across the harbour.

It sold in February for $3.035m.

This section of Roseneath, encompassing Maida Vale and Carlton Gore roads, had Wellington's first and fourth-most ...
ROBERT KITCHIN/FAIRFAX NZ

This section of Roseneath, encompassing Maida Vale and Carlton Gore roads, had Wellington's first and fourth-most expensive homes sold in a year.

When it was marketed earlier this year, the five-bedroom, three living room, four bathroom home that "blends French flair with traditional character" was advertised as having an uninterrupted view of the harbour and city.

The 1920s, 430-square-metre home had two courtyard gardens with "exceptional sun, position, privacy and shelter", as well as off-street parking for three cars.

In December the owners chose not to talk about their purchase, but tradespeople could be seen doing work on the house, which was renovated in 1995 and three years ago had a 110sqm wing added.

Not far from it is Wellington's fourth-most expensive house, a Carlton Gore Rd property which fetched $2.7m.

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Both pale in comparison to the mansion at 64 Sentinel Rd, Herne Bay, Auckland which fetched $24m when it sold from Auckland endoscopic surgeon John Dunn to a commercial property investor.

The house, which has private beach access, a helipad and hangar, and sits on its own mini-peninsula, was sold by real estate agent Graham Wall, who previously sold another Auckland property for $39m.

The Herne Bay property did not show up on the Core Logic figures, likely because the sale went through after November 1.

In the figures, the most expensive house was a $13.99m home on Victoria Ave, Remuera,  Auckland.

It was also sold by Wall but he could not talk about it because of a confidentiality agreement.

But in October, it was reported that the home – which sold for almost $4m more than its valuation – came with a 16m heated indoor swimming pool and a flood-lit tennis court.

The house has six bedrooms and six bathrooms as well as a 2000-bottle wine cellar and a staff residence.

A house in the deep south which sold for $12,000 may have been the cheapest in the country this year, but the seller was more than happy with the price.

Robert Goodwin said he purchased the Ohai house in 2011 for $4000, so made an $8000 profit when he sold it in March to a West Coaster he knew only as 'Scotty'.

Scotty planned to move in next year and would be doing it up, Goodwin said.

The small, unpainted weatherboard cottage with a corrugated iron roof, verandah and large unkempt section on Birchwood Rd is understood to have been used as a clothes shop and small museum in the past, as well as a home.

Goodwin said he sold it because he was sick of paying $2180 a year in rates for which he got "absolutely nothing".

Now living in a house bus, Goodwin said he had been quite happy living in the house which was insulated and had a good fireplace. 

Located in the small town's main street, it had one bedroom, a lounge, a dining room/kitchen, and toilet/washing area, Goodwin said.

A children's playground is next door, unused railway tracks run past the property less than 10 metres away, and the town's police constable lives directly across the road.

Senior constable Mark Wishart said Ohai, located in the Southland district and once a thriving coal mining town, was now struggling a bit.

"There's no garage, no pub, no shop, but it's got cheap houses."

The cheapest homes in Wellington were notably more expensive. The city's cheapest was a $94,000 unit in Sussex St, Mt Cook, while the region's cheapest was a $58,000 unit in High St, Lower Hutt.

 - Stuff

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