Highlights of Bayleys latest auctions included a three bedroom character house on a 0.81 hectare lifestyle section that went for $522,000

This house on about 0.81 hectares of land sold for $522,000.

Bayleys’ Hamilton office went to the top of the auction class this week, with a small but perfectly proportioned menu of eight properties on offer to discerning buyers. Six changed hands, giving a sales clearance rate of 75%.

Highlights included a couple of houses on small lifestyle blocks at Ngaruawahia that sold for under $550,000 each, an 8000 square metre lifestyle block at Waerenga that fetched $340,000, and an investment portfolio of five separate houses on a single 2352 square metre section in Hamilton East that sold for $1.768 million, giving its new owner a gross rental yield of 6.4%.

Sales were pretty good at the Auckland auctions as well, with 15 properties on offer and sales achieved on nine of them, giving a clearance rate of 60%.

Among the sales were a three bedroom townhouse at West Harbour that fetched $685,000, a two bedroom home unit at Kohimarama that went for $975,000 and a 1940s-era, two bedroom brick and tile house in Onehunga that sold for $820,000.

The most expensive sale was a three bedroom/two bathroom character home on two levels with a basement garage in Herne Bay that went for $1.81 million.

The fulls results, with photos of all properties including those that didn’t sell and the prices of those that did, are available on our Auction Results page.

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