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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 Devonport's Queens Parade have sold for a combined $9 million, ending 137 years of single-family ownership for one of the properties. A local family purchased the side-by-side homes, listed by Harcourts Devonport, with plans for restoration. The sale price was significantly above their individual $2.85 million RVs.
The sale coincides with a market update from Cotality NZ, which notes rising construction costs and an increase in dwelling consents, signalling a potential recovery.
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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