A leaky house on the North Shore stole the show at this week's apartment auction

Ray White City Apartments sold five apartments under the hammer with another three passed in at this week's auction, although one of those that was passed in was subsequently sold shortly afterwards.

Half of the apartments on offer were quick flicks that were purchased late last year and then put back on the market, perhaps after being given a tart up.

There was surprisingly strong bidding for a leaky, mono clad house at Browns Bay on the North Shore, with potential buyers prepared to take a punt that the cost of recladding or rebuilding would be less than the improvement in value that would result from fixing it up.

See below for the full results of this week's Ray White City Apartments auction and also the latest apartment sales results from Impression Real Estate.

Ray White City Apartments auction results:

• 7C/105 Albert St. Manhattan building. An 80 square metre two bedroom, two bathroom unit with a car park. Vacant. There were multiple bidders but it was passed in at $630,000 but then sold later in the day. The eventual selling price was not disclosed. According to QV.co.nz it had been purchased for  $359,000 in 2007. Rates were $1496 and the body corporate levy $5999. The agent was Krister Samuel
• 308/53 Cook St. Aura building..Quick flick. A 49 square metre, two bedroom/two bathroom unit with narrow balcony. Vacant. There were multiple bidders and it sold under the hammer $450,000. According to QV.co.nz it had been purchased in September last year for $374,000.Rates were $1088 and the body corporate levy $4367. The agent was Dusan Valenta.
• 8C/11 Howe St. Meridian building. Quick flick. A 21 square metre, partially furnished studio. Vacant. There were multiple bids and it sold under the hammer for $240,000. According to QV.co.nz it had been purchased in October last year for $215,000. Rates were $907 and the body corporate levy $3111.The agent was Krister Samuel.
• 44B Carlisle Rd. Browns Bay. Leaky home.  A 200 square metre, two storey house with five bedrooms, two bathrooms and a double garage on a 500 square metre rear section. Vacant. The house was a leaky building and there was no possibility of making a legal claim against third parties, and it would need to be reclad or rebuilt. There was spirited bidding from a handful of potential buyers and it sold under the hammer for $454,000. According to QV.co.nz it had been purchased for $382,000 in 2003. The agent was Dominic Worthington.
• 8F/18 Scotia Place. Nova en Scotia. A 53 square metre, two bedroom apartment with a car park. Vacant. There were multiple bidders and it sold under the hammer for $525,000. According to QV.co.nz it had been purchased for $245,000 in 2011. Rates were $1434 and the body corporate levy $4749. The agents were Mitch Agnew and Ryan Bridgman.
• 318/184 Symonds St. Citta building. A 39 square metre studio with a car park. Vacant. There was only one bidder for the unit and it sold under the hammer for $310.000. According to QV.co.nz it had been purchased in 2004 for $233,000. Rates were $1006 and the body corporate levy $2957. The agent was Keisha Gutierrez.
• 2B/18 Scotia Place. Nova en Scotia building. Quick Flick. A 53 square metre, two bedroom unit with balcony. Vacant. There was only one bid on the property and it was passed in at $430,000. According to QV.co.nz it had been purchased in December last year for $383,650. Rates were $1310 and the body corporate levy $3515. The agents were Mitch Agnew and Ryan Bridgman.
• 8/145 Symonds St. Madison building. Quick flick. A 68 square metre, three bedroom unit. Vacant.  Recently redecorated. There were no bids and it was passed in. According to QV.co.nz the unit had been purchased for $407,500 in August last year. The agent was Dusan Valenta.

Recent Auckland apartment sales by Impression Real Estate:

• 1514/430 Queen St. Volt building. A 37 square metre, two bedroom furnished unit with balcony. Vacant. Sold for $338,500. Had previously been purchased for $250,000 in 2008. Rates were $1125 and the body corporate levy $4280.
• 1516/430 Queen St. Volt building. A 40 square metre two bedroom, furnished unit with balcony. Rented at $430 a week. Sold for $335,000. Rates were $1175 and the body corporate levy $4619.
• 1414/430 Queen St. Volt building. A 37 square metre, two bedroom unit with balcony. Sold for $338,000. Tenanted at $450 a week. Rates were $1113 and the body corporate levy $4238.
• 2D/2 Eden Cres. Argent Hall building. A 32 square metre, furnished studio with balcony. Sold for $270,000. Was previously purchased for $102,000 in 2001. Rates were $1014 and the body corporate levy $2618.
• 206/53 Cook St. Aura building. A 49 square metre two bedroom unit with balcony. Vacant. Sold for $377,000. Rates were $1088 and the body corporate levy $4131.
• 505/72 Nelson St. Zest building. A 36 square metre, two bedroom, furnished unit. Vacant. Sold for $290,000. Previously purchased for $157,500 in 2003. Rates were $1088 and the body corporate levy $3371.
• 1007/53 Cook St. Aura building. A 49 square metre, two bedroom unit with balcony. Vacant. Sold for $381,000. Rates were $1224 and the body corporate levy $4958.
• 206/207 Federal St. Federal building. A 48 square metre, two bedroom, furnished unit with balcony. Rented at $520 a week. Sold for $401,000. Previously purchased for $314,000 in 2008. Rates were $1212 and the body corporate levy $4063.

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