17 King Street, Papatoetoe

cuan

17 King Street, Papatoetoe 这块在Papatoetoe名不见经的区，1012平米的旧宅。在1 July竟然卖了176万6。
https://www.oneroof.co.nz/news/south-auckland-brick-and-tile-home-sells-for-over-1-7m-after-100-bids-47819
开发商市场在南区是否有复苏的迹象？

salesonline

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cuan

salesonline 发表于 2025-7-11 05:04
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South Auckland brick and tile home sells for over $1.7m after 100 bids
Buyer plans to demolish the house and build up to seven units on the site.
Catherine Smith
Catherine Smith
02 Jul 2025
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South Auckland brick and tile home sells for over $1.7m after 100 bids
A three-bedroom brick and tile house with a secondary unit on King Street, Papatoetoe, sold after fierce bidding. Photo / Supplied
- A Papatoetoe house sold for $1.766m, gaining over $800,000 in six years.

- Fiery bidding saw 100 bids, with 12 registered bidders driving the price up.

- The new owners plan to demolish and build up to seven units on the site.

A modest brick and tile home in South Auckland was in hot demand when it hit the auction floor this week.

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The rental on King Street in Papatoetoe, sold for $1.766 million after 100 bids at Ray White Manukau’s auction on Wednesday.

Ray White listing agent Lawrence Kenyon-Slade told OneRoof the buyer planned to demolish the house and build up to seven units on the 1012sqm site.

Twelve buyers turned up to compete for the property, with bidding kicking off at $1m and climbing rapidly during the 16-minute bid-fest.

17 King Street, Papatoetoe, Manukau City

Twelve bidders competed for the King Street property, which was zoned for density. Photo / Supplied

The $1.766m sale price was $816,000 more than what the vendors paid six years ago and $226,000 above the property’s latest RV.

Kenyon-Slade, who marketed the property with colleague Akash Vanjari, told OneRoof that over 100 people had been through the open homes.

“They were mainly people looking for long-term investment – investors and developers. A lot had asked for extended settlement periods, and the vendor extended flexibility,” he said.

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The agent said that, unlike some Papatoetoe properties, the King Street house was not inside the restrictive Moderate Aircraft Noise Area (MANA) for Auckland International Airport.

“It ticks all the boxes: It has got road frontage, it is flat, it is not in the Watercare red-line area, and the services are easy to access. We have had a similar site where services are not easy to access, and it got $400,000 less than expected,” Kenyon-Slade told OneRoof.

“The area is a mixture of new buildings and traditional older houses. This is an older home, so needed a bit of work to meet Healthy Homes standards. But the buyers will demolish it,” he said.

Kenyon-Slade said that traditional brick and tile homes in the suburb were fetching good money, pointing to a four-bedroom home on Fraser Road he sold last year for $1.45m – over $1.2m what the vendors paid 25 years ago.

“There’s always been strong interest in development sites in Papatoetoe, as long as they tick all the right boxes.”

He added that home buyers were not missing out, as they were picking up properties that didn’t work for professional flippers or investors.

Quad

什么人买的？Papatoetoe 是 印度 建商吗？