Key Takeaways:
- New Zealand’s first Home of the Year, a four-bedroom house in Remuera, Auckland, has been sold for $2.5 million, 11 days after listing.
- The award-winning house, designed by Patrick Clifford, features a unique design and architecture that attracted significant interest from buyers.
- The property was sold to buyers who were drawn to its iconic design and features, with one of the buyers set to study architecture at university.
- The sale price of $2.5 million exceeded the property’s rated value (RV) of $1.975 million, reflecting the high demand for unique and architecturally-designed homes in Auckland.
Introduction to the Property
The sale of New Zealand’s first Home of the Year, a four-bedroom house in Remuera, Auckland, has made headlines in the real estate market. The award-winning property, designed by Patrick Clifford of Architectus New Zealand, was sold for $2.5 million, just 11 days after it was listed on the market. The property’s unique design and architecture were major drawcards for potential buyers, with many attracted to its iconic features and tranquil setting.
The Design and Features of the Property
The three-storey house is made from concrete block, timber, steel, and glass, and sits back from the road, overlooking native bush. The property features louvred windows and glass walls that slide away to open the house to multiple decks and terraces. The designer, Patrick Clifford, refers to the property as a "suburban boathouse" and "a holiday home in the city." The property’s design and features were widely praised, and it was named Home magazine’s first Home of the Year, as well as winning an NZIA award.
The Sale of the Property
The property was marketed by Ray White agent John Lantz, who reported that interest in the property was "amazing." Around 70 groups attended three open homes, and the agent received enquiries from buyers in Singapore, Melbourne, and the USA. The buyers, one of whom is set to study architecture at university, were determined to own the property and made an offer before the scheduled sale date. After some negotiation, the sale was agreed, and the property was sold for $2.5 million.
The Market Demand for Unique Homes
The sale of the property reflects the high demand for unique and architecturally-designed homes in Auckland. The property’s sale price exceeded its RV of $1.975 million, demonstrating the premium that buyers are willing to pay for homes with exceptional design and features. According to agent John Lantz, the market in his patch is "alive and well for the right property," with four-bedroom, two-bathroom properties being particularly sought after.
Conclusion
The sale of New Zealand’s first Home of the Year is a significant event in the real estate market, highlighting the demand for unique and architecturally-designed homes in Auckland. The property’s iconic design and features, combined with its tranquil setting, made it a highly desirable property for buyers. The sale price of $2.5 million reflects the premium that buyers are willing to pay for exceptional homes, and the property’s new owners will no doubt enjoy their new home for years to come.
