Greg Monahan
TEL: 03 546 9455 MOB: 012 851 916 greg.monahan@bayleys.co.nz
WHAT IS HAPPENING TO THE
PROPERTY MARKET? FEATURE RESIDENTIAL PROPERTY Brightwater’s Lord Rutherford Road. Nelson’s Quebec Rd Atawhai’s Paremata St
FEATURE LIFESTYLE PROPERTY Hira’s Teal Valley WHAT’S BEEN SELLING HOW TO MAXIMISE SPACE IN YOUR HOME 10 tips to make your home appear bigger.
Welcome to issue two May 2011
What is happening in the market? As mentioned last month, we believe that the market has stabilised and may even be on the improve. In this issue of abode, I share with you Quotable Values latest press release, and the news look good, especially for Nelson. Also in this issue, Hollywood is selling off some of its key movie homes, see page eleven. Plus tips on how to make your home appear more spacious. Contents: Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12
Feature Property...118 Lord Rutherford Rd, Brightwater Feature Property... 2 Teal Valley Rd, Hira, Nelson Feature Property ... 46 Quebec Rd, Nelson Feature Property... 64 Paremata St, Atawhai, Nelson My book... “How to quickly and easily sell your home at top dollar” your opportunity to get a free copy Property Values Continue to Stabilise - QV press release 10 Tips of how to make your home appear more spacious Home Alone House For Sale What’s just sold - Bayleys success this month
Abode is the newsletter of Greg Monahan Licensed Real Estate Agent REA-Act2008
Greg Monahan Lifestyle and Residential Property Specialist Bayleys Nelson 288 Trafalgar St Nelson, NZ +64 21 851 916 cell +64 3 546 9455 business greg.monahan@bayleys.co.nz www.gregmonahan.bayleys.co.nz Skype name: gregmonahan Viber contact: 021851916 Facebook: Greg Monahan - Bayleys Real Estate, Nelson, NZ
Cover photo: Swimming hole in Teal River next to 2 Teal Valley Rd
118 Lord Rutherford Rd, Brightwater, Nelson Affordable Country Living Surrounded by 517 square metres of lawns and gardens of well-established trees, flowering shrubs, spring bulbs and old-fashioned perennials, with a walled patio and outdoor dining area, this charming, single level, three double bedroom home enjoys a northerly aspect and a view over tree-studded lawns to the historically-listed Newman brothers' stage post and stables, where passenger and mail coaches changed horses in the late 1800s and early 1900s. More details click here For Sale $360,000 Call for open home times
2 Teal Valley Rd, Hira, Nelson Lifestyle package with cottage and business opportunity This charming Fraemohs home, with its interlocking timber walls, dormer windows, French doors and extensive decks is nestled in a tranquil rural setting. There is a spacious double garage, with a large workshop and an attached gallery, with internal and external access. Surrounded by 2,378 square metres of sweeping lawns, including terraced lawns with dry-stone retaining walls, mature plantings of native, deciduous and old-fashioned fruit trees extend around the grounds to provide privacy and shelter. The property's location is extremely appealing. Within 15 minutes drive of Nelson city, on the main coastal highway, it is a comfortable stroll or short drive to the local school and pre-school, a comprehensive convenience store, petrol station and church. More details click here For Sale price by negotiation
46 Quebec Road, Nelson Sunny Home & Income Above the City At last! A generously renovated beautifully presented combination high on the sunny side of Quebec Road just three minutes from the central city. A big private tree-fringed site on a quiet lane with sweeping northern vistas across Trafalgar Park the Upper Haven and around to the Western Ranges. A welcoming, relaxed yet deftly stylish three double-bedroom 1950’s stucco classic with polished timbers, a new granite-topped gourmet kitchen, a crackling new free-standing wood-burner and alfresco dining above an 11 metre in-ground concrete pool. For guests there is separate off-lane parking plus a tandem basement garage with enormous storage capacity, and to complete the ensemble a crisp fully self-contained one double bedroom cottage with its own access for income or additional family accommodation. For more info click here For Sale by Auction
64 Paremata St, Atawhai, Nelson ATAWHAI MAGIC The sun's earliest rays, peeping over a low rolling ridge to the left softly colour a broad incoming tide. This Sunday morning bay is flat and calm, the air crisp and clear. In this stillness you can hear Terns squabbling out on the Boulder Bank even from up here at 64 Paremata Street high on the grassy slopes of earlyAtawhai. This is a family home, bright clean and fresh. Its spacious interiors face the winter sun while each season's passage is savoured through sweeping 180 vistas. At every turn the fittings and fixtures are of the highest quality along with many hidden features while all along the front of this lovely two storey winner a full-length in-ground pool spa and al fresco deck turn Atawhai's well known sun and views into pure unrivalled luxury. For more information click here For Sale
"How to Quickly and Easily Sell Your Home at Top Dollar"
If you are thinking about selling
your home soon, or know someone how might be, then this book is a must have! In all my years of buying and selling houses, I have had different tips given to me, assisting me to get the very best possible price for my property . So in November of 2009 I published a book that encompasses all of those tips and many, many more. A "how to" book that simply covers everything you need to know, from what to clean, what to paint, what to throw away and how to "dress" your house like the professionals. It also covers the need to employ a real estate agent or not.
My book is available to buy at selected bookshops, but as a bonus, I will give a complimentary copy to the first ten (10) abode readers to contact me and simply ask for a free copy. please call me on 0800 BAYLEYS (0800-229-539) or email me greg.monahan@bayleys.co.nz if you would like a free copy.
Property values continue to stabilise Quotable Value Press release Tuesday 10th May 2011
“
Residential property values remain relatively In Nelson values have been relatively stable at a national level according to the QV stable since January 2010 and as a result indices for April. “Nationwide property values have now been the gap between last year and this year is relatively stable for several months after falling only -0.7 percent. slightly throughout most of 2010. Values are now 1.9 percent lower than the same time last year, and 5.8 percent below the market peak of late 2007” said QV.co.nz Research Director, Jonno Ingerson. “The levelling of nationwide values was initially due to a flattening of values in the Auckland market, but there are now increasing signs of values stabilising in many other areas also” said Ingerson. “In the Auckland area values have moved within a narrow band for most of the last 18 months. In recent months values have been slightly variable, but there is little evidence at this stage of values moving significantly up or down. Currently values in Auckland are 0.5 percent below the same time last year” said Ingerson “Values in Hamilton are 3.5 percent below the same time last year, but in recent months values appear to be flattening off. In Tauranga values are 1.7 percent below last year, but also appear to be flattening in recent months. The Wellington area is 3.4 percent below last year, with most of this drop coming in 2010, while over the past six months values have been moving within a narrow band. Values in Dunedin have dropped more over the past year than the other main centres, but may also be stabilising in recent months” said Ingerson. “There was an increase in sales activity in March and the first half of April, but this appears to have dropped away following the Easter and school holiday break. Sales activity typically tends to slow from now through until spring” said Ingerson. “Market sentiment remains patchy with some areas lacking quality listings to satisfy buyer demand, while other areas have little buyer demand despite plenty of houses for sale. In general properties with desirable attributes, or those that represent good value, are still selling well” said Ingerson. “There has been a significant slowdown is sales activity in Christchurch since the February earthquake, and this lack of sales means that we have not generated an index for Christchurch. Local valuers in Christchurch are seeing plenty of interest in quality properties in relatively unaffected areas, and prices have been generally holding. There is still a great deal of uncertainty in the market, particularly driven by concerns over job security” said Ingerson. While unrelated to the QV index, and a less reliable measure of value change, the average New Zealand sales price over the last three months is $405,310 up from the $400,656 reported last month. Despite values levelling in recent months in many provincial areas, none currently have values above the same time last year. This recent levelling of values, coupled with declining values last year, means that the gap between this year and last year is closing in many areas. Whangarei (-5.2), Gisborne (-4.6), New Plymouth (-4.5) Palmerston North (-3.7) and Invercargill (-3.9) have the greatest gap compared to last year. Rotorua (-1.0), Hastings (-1.4), Napier and Wanganui (-2.4) and Queenstown Lakes (-1.3) all have values slightly below last year. In Nelson values have been relatively stable since January 2010 and as a result the gap between last year and this year is only -0.7 percent.
”
Top 10 tips for maximising the space in your home
Even the largest homes can seem small and cramped if space is not used to its maximum potential. Even the smallest of houses can seem spacious if the right techniques are put in place. Here are 10 top tips to maximize the space in your home. 1)
Keep the floor clean. Make the most of the existing floor space by keeping as many non essential items off it.
2) Get rid of unnecessary stuff. Do a sweep of your house and remove items you no longer use or require. Have a garage sale or donate them to a worthy cause. 3) Downsize your furniture. Be realistic about the amount of space available and take a minimalist approach by buying furniture which is only as large as you need. 4) Merge your living spaces. If you open plan your lounge, living room and kitchen you can ‘borrow space’ off each - making for a much larger, multi-purpose space. 5) Utilise the storage space on your walls. Very wall spaces are genuinely used for the storage potential they possess. 6) Organise your wardrobe. Wardrobes make perfect storage areas - hidden away from sight. However, they are commonly underutilised. 7) Take advantage of all nooks and niches - such as the area under the stairs - for storing purposes. 8) Define the centre of each room. Just like the human body needs a heart to function, every room needs its own heart. Once you have figured out the focal point of the room you can build the rest of the interior around it. 9) Remember the bathroom. It’s amazing how many people forget about the bathroom and its potential for storage space. Add a few shelves or stands and you can create a bathroom which is both functional and appealing. 10) Create an illusion. Add full length mirrors. Mirrors help to give a sense of greater space by reflecting light - thus brightening a room.
HOME ALONE HOUSE FOR SALE:
The 1920s home features a gourmet kitchen, wood-burning fireplace, a sunroom, a dormered attic bedroom and a detached garage and is situated on a half-acre lot not far from Lake Michigan. The stately Georgian home where actor Macaulay Culkin outwitted a pair of bumbling thieves in the 1990 hit film Home Alone is for sale for $2.4 million ($NZ3m). John and Cynthia Abendshien, the owners of the four-bedroom, red brick home north of Chicago, said they are ready to downsize, since their daughter (who became Culkin's playmate during the six-month-long shoot) is grown up. "We got to know him, and eventually called him by his nickname, 'Mac'," said John Abendshien, adding he was "a nice, but quiet young boy." The family lived in the house throughout most of the filming, moving into the four-room master bedroom suite. "Very few homes have a leading role in a movie, in a sense of becoming an additional character," said Marissa Hopkins of Coldwell Banker, the company handling the sale. In the film, directed by Chris Columbus and written by John Hughes, 8-year-old Kevin McCallister wishes away his family, including four taunting older siblings, and then finds his wish has come true when the family flies to Paris for the Christmas holiday, mistakenly leaving him behind. Kevin, played by Culkin, spends the bulk of the film outsmarting the burglars, played by Joe Pesci and Daniel Stern, in the film that became the year's top box office hit and spawned several sequels. The home's owners said they had been approached by Hughes' production company about using the house for his previous feature, Uncle Buck, but refused because they were just settling in and had not sold their old home. When the location manager returned 18 months later, they agreed to turn their home into a movie set. Beyond its celluloid fame, the 1920s home features a gourmet kitchen, wood-burning fireplace, a sunroom, a dormered attic bedroom and a detached garage and is situated on a half-acre lot not far from Lake Michigan. In keeping with its star status, the house will have its own listing website. Don't expect to catch a peek at an open house, however. Only pre-qualified clients can request a private showing. Another suburban Chicago home featured in a hit movie helmed by Hughes, Ferris Bueller's Day Off, is expected to go back on the market soon. The modernistic four-bedroom home and its steel-and-glass studio-garage, used as a launching pad for a sports car, was originally priced at $2.3 million and was last listed at $1.65m, selling agent Meladee Hughes said. The New York English Tudor home where the famous wedding sequence from the 1972 film The Godfather was filmed is also on the market. It was listed in December with an asking price of just under $3 million. - Reuters
What we have been selling this month...