The Worsleys Rd house in Cracroft, which is something of a landmark in the suburb thanks to its distinctive roofline, was built about 50 years ago but went downhill after the owner died, OneRoof.co.nz reported.
Harcourts listing agent Matthew Loose told OneRoof he sold a neighbouring 4ha block of land for the late owner's family and is now selling the remaining assets.
“It would have been a very grand home, and it probably would have sat up pretty proud up on the hill because there wouldn’t have been much around, but unfortunately it’s had its day.”
The 4220sq m three-bedroom house property has an RV of $1.23m and will go up for auction on June 11 at 11am.
All the furniture in the house is being sold with the property in its current condition and state.
But almost every window in the two-storey house is either smashed or boarded over with weeds and graffiti covering the walls.
“It’s been vacant for quite a while now. It is extremely rundown,” Loose told OneRoof.
“It’s certainly not for the fainthearted. [Buyers] would need to know what they are doing for the renovation.”
“If someone wants to buy a nice size section on the hill that’s relatively flat and that has a handful of different building platforms that you can potentially build on it and just start from scratch basically – I think that’s the most likely buyer,” Loose said.
He told OneRoof it was hard to put a price on the property, but expected it to be somewhere around its land value of $580,000 (the RV is $1.23m).
“If you compare values – your Cashmere, Cracroft, Kennedy’s Bush on the hill - if you compare the values there to Merivale and Fendalton, you are still getting bang for your buck in terms of value for money.”
