Bayleys auction clearance rate drops below 50%

This Herne Bay house divided into three flats sold for $1.52 million.

Bayleys sold 16 of 38 Auckland auction properties last week, with the remaining 22 passed in, postponed or withdrawn from sale, giving an auction clearance rate of 42%.

Among the properties sold was a large character home in Herne Bay that was in three flats and ready for refurbishment, which sold for $1.52 million.

The most expensive sales of the week were both on the North Shore where a potential redevelopment property at Takapuna sold for $2.2 million and a Devonport villa fetched $2.05 million.

Among the cheaper properties were a three bedroom house at Forest Hill that sold for $780,000 and another in Manurewa that went for $710,000.

See below for full details of last week’s Bayleys auctions, with photos and details of all properties, including those that didn’t sell: