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Devonport waterfront villas fetch massive $9 million
Two heritage Devonport waterfront villas sold for $9m, ending 137 years of family ownership.
AI summary
Two heritage waterfront villas on Queens Parade, Devonport have sold for a combined $9 million, ending 137 years of family ownership for one property. The new local owners reportedly plan to restore the homes, which sit on large sections with development potential.
This sale comes as Cotality NZ reports a rebound in the construction sector. Residential construction costs are rising, with annual growth accelerating to 3.5%, suggesting the period of unusually subdued cost inflation is likely over.
Devonport Properties
This part of Devonport, like much of the suburb, has a heritage overlay, so the villas won’t be demolished. The buyer intends to restore them “beautifully”. Compared to the neighbouring properties, these two have massive section sizes.
Residents of houses along this road can watch yachts, ferries and ships sail past on the Waitematā Harbour. The Devonport Naval Base is at the end of the street. Photo: HARCOURTS
The veranda on number 28 was enclosed in 1929 to create a porch. Photo: HARCOURTS
Dark timbers frame the window seat in the living room. Photo: HARCOURTS
The original kitchen in number 28 remains, complete with wall-mounted water heater above the bench. Photo: HARCOURTS
The original decorative ceiling in number 27 remains in good condition, as do the very old wallpapers. Photo: HARCOURTS
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