Key Takeaways:
- A half-built, abandoned home on Stanley Point Road in Auckland is for sale "as is, where is" with a $2 million RV.
- The property requires complete redevelopment and has stunning water views.
- Next door, a multi-million-dollar mansion is also on the market, expected to sell for much more than its $8.8m RV.
- The street is known for its expensive homes, with some commanding $10m-plus in some cases.
- The abandoned home has been on the market since the end of last month, with several enquiries from professional builders.
Introduction to the Abandoned Home
The article discusses the sale of a half-built, abandoned home on Stanley Point Road in Auckland. The property, located at 23C Stanley Point Road, is being sold "as is, where is" with a $2 million RV. The home has been abandoned for over 10 years and requires complete redevelopment. Despite its current state, the property boasts stunning water views, making it a rare and exciting opportunity for potential buyers.
The History of the Abandoned Home
According to the listing agent, Patricia Hinchey, the owner of the property had originally planned to renovate the home but abandoned the project after his partner passed away. The property has been left untouched since then, with only a concrete shell and some joists from the original 1970s house remaining. The agent notes that the work never had Auckland Council sign-off, so buyers would need to start from scratch. Concept plans prepared in 2023 by architectural firm Archiconstruct show a three-level, four-bedroom cedar home with walls of glass that make the most of the spectacular views across to the city.
The Luxurious Mansion Next Door
In contrast to the abandoned home, the property next door at 21 Stanley Point Road is a luxuriously renovated mansion that boasts a cinema, pool, and access to the water. The four-bedroom Arts and Crafts-style house sits on a 1975sqm section and comes with a swimming pool and spa, home theatre, a putting green, a gym, and wine cellar. The renovations were overseen by well-known architect Geoff Richards, and the property is expected to sell for much more than its $8.8m RV.
The Desirability of Stanley Point Road
Stanley Point Road is known for its expensive homes, with some commanding $10m-plus in some cases. The street offers stunning water views, and the properties are highly sought after by buyers. Another Geoff Richards-designed house nearby on the same street was sold for a record-breaking price earlier this year, making it one of the most notable sales of the year.
Other Properties on the Market
In addition to the abandoned home and the luxurious mansion, another property on Stanley Point Road is also up for grabs. The four-bedroom property at 87 Stanley Point Road has a CV of $900,000, with most of that value coming from the land. The property has been advertised as having "endless possibility" and "serious potential," making it an attractive option for buyers looking to renovate or rebuild.
Conclusion
The sale of the abandoned home on Stanley Point Road presents a unique opportunity for buyers to purchase a property with stunning water views and potential for redevelopment. While the property requires significant work, the reward could be substantial, as evidenced by the sale of the luxurious mansion next door. With several enquiries from professional builders, it will be interesting to see how the sale of this property unfolds and what the future holds for this desirable street.