Barfoot & Thompson listing agent Carl Madsen told OneRoof that the three-bedroom property at 4a Fitzroy Street<\/a> has watertightness issues and would likely be demolished by its new owner.<\/p>\n It’s “not for the faint-hearted”, he said. <\/p>\n The three-bedroom, 96sqm house for sale at 4A Fitzroy Street, in Auckland’s Ponsonby, has watertightness issues. Photo \/ Supplied<\/p>\n The listing invites buyers to either renovate the property or demolish it. Photo \/ Supplied<\/p>\n The house has an RV of $880,000 – quite cheap for the suburb. Photo \/ Supplied<\/p>\n “We’re selling it as is, and it’s really up to purchasers to work out what to do. It’s not a matter of just going in there and thinking you can re-Gib and paint it. You really have to work it out, but if you can work it out, then there’s a really great opportunity. <\/p>\n He added: “The consensus is that it’s probably easier to pull it down and start again.” <\/p>\n The 96sqm cross-lease property is three storeys high and just over 3.65m wide. It was built in 1996 and has an RV of $880,000 – quite low for the suburb. <\/p>\n Discover more<\/p>\n – Shortland Street star sells her home after relenting on price <\/a><\/p>\n – Kim Dotcom’s $9m rental: Inside the lavish waterfront spread<\/a><\/p>\n – ‘King of New Zealand’ slashes the price of his $10m ‘goldmine’<\/a><\/p>\n Madsen said potential buyers should read the disclosures and the conditions of the sale. “You have to work with the neighbour, but our understanding is that they have no objection to something of a similar dimension and footprint being [built].”<\/p>\n “You can have yourself a really lovely little home there. You’ll have to build it from scratch, but if you can work out how to do it, you could do something pretty amazing there within the dimensions of what you’ve got.” <\/p>\n He added: “It doesn’t have the character overlay that most apartments have, so you can do something contemporary there as well.” <\/p>\n Barfoot & Thompson agents Carl Madesen with his wife and co-listing agent Rosanne. He said the house was “not for the faint-hearted”. Photo \/ Fiona Goodall<\/p>\n The home is a five-minute walk from Ponsonby Road\u2019s restaurant and caf\u00e9 strip. “It’s in the fun part of Ponsonby,” Madsen said. <\/p>\n “The first house that my wife and I owned in Ponsonby was on Brown Street, about two or three doors away from this. And it was absolutely fantastic because we were far enough away from Ponsonby Road to not have spillover, but we were close enough – and it was good fun.” <\/p>\n 4A Fitzroy Street is not the only home on the street that’s up for grabs. Barfoot & Thompson agent Matt O’Brien is selling 1\/4 Fitzroy Street<\/a>, a two-bedroom townhouse which he describes as a “Ponsonby Goldmine”. <\/p>\n![\"How](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/07\/5d228e5cbe29e063d38f61151b81cc3e.jpg\")
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