Western News: November 16, 2023

Thursday November 16 2023 11
UNEXPECTED WINDFALL: The Coniston Ave property was
well presented and attracted families and those wanting to
live close to the university.
PHOTOS: NZ HERALD
Auction battle leaves couple $252k richer
• By Nikki Preston
THE OWNER of a fourbedroom,
two-bathroom home
in Ilam got an unexpected
windfall when their home sold
under the hammer for $1.202m
– $252,000 more than what they
were banking on.
The brought-forward auction
for the four-bedroom,
two-bathroom brick home on
Coniston Ave at the Harcourts
Gold auction room attracted six
bidders who battled it out for
the property.
Bidding opened at $950,000,
which was the price the owners
had accepted and moved the
auction ahead of schedule, but
it continued for
several hundred
thousand dollars
more.
Harcourts
Grenadier salesperson
Andrew
Steel said by the
time it reached
around the
Andrew
Steel
$1.1m mark there were just two
bidders left fighting for it.
“As it was between the two
there was a bit of toing and froing
and then it hit the $1.2m, and
the other party ended up paying
a couple of thousand more, and
that just closed it off.”
The home seemed to hit a
sweet spot with buyers, he
said, and they even held an impromptu
open home after it was
listed because of all the interest
it received. The first open home
attracted 12 groups and then
another 48 groups viewed it over
the first weekend of open homes.
The home was well-presented
and the owners had done their
homework by getting all the
information such as building
reports ready for prospective
buyers.
But neither he or the owner
had anticipated the house would
sell for $1.202m.
“The surprise was the result.
But I had intimated to people
where I saw values, but it just
went north of that. It was well
above the vendor’s expectations
because they had already
accepted $950,000 so they were
happy to sell at $950,000,” said
Steel.
The main interest in the
property was from people who
were looking at it as a family
home or parents who were
buying it for their children to live
in and attend university.
“Not treating it as a varsity flat,
but that they could get to varsity
because it was not that far away.”
– NZ Herald
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Car parking is on Memorial Avenue or look for onsite business parking.
Sorry we’re in your way while we make the Memorial Avenue
intersection safer for everyone.
We will be out of your way in mid-December.
Learn more here:
ccc.govt.nz/norwestarc
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