Ray White listing agent Georgina Munro told OneRoof that the owners lived overseas, in Melbourne, and were \u201crealistic\u201d about price, hence the low reserve.<\/p>\n
![\"The](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/07\/ac09882ee8b99c9b2e92cc92b98451d4.jpg\")
<\/p>\n
The villa \u2013 one of the landmark Six Sisters \u2013 is well presented but needs an upgrade. Photo \/ Supplied<\/p>\n
![\"The](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/07\/7823c1895ea4e9e14beded3aed300bd4.jpg\")
<\/p>\n
The vendors are realistic about price, the listing agent says. Photo \/ Supplied<\/p>\n
\u201cWe have motivated vendors who want the property sold. They have owned it for 12 years,\u201d she said.<\/p>\n
\u201cThey initially purchased it to be a family home, which they were going to renovate and extend, but a job opportunity meant that they\u2019ve remained overseas.\u201d<\/p>\n
She added: \u201cIt has been a really successful rental for them, but it\u2019s time to sell it, and they\u2019re absolutely prepared to meet the market.\u201d<\/p>\n
Records show the vendors bought the house in 2010 for $780,000. They listed it for sale in 2024 and again at the start of the year, but didn\u2019t get any bites. The current RV is $1.775m.<\/p>\n
Discover more:<\/p>\n
– Shrek director Andrew Adamson quietly lists his $11m Grey Lynn pad<\/a><\/p>\n Flooded home sells for surprise price after storms killed $330K sale<\/a><\/p>\n – Historic church building seized from cannabis grower now for sale<\/a><\/p>\n Munro said: \u201cIt hasn\u2019t been upgraded in some time and it\u2019s due for a cosmetic refresh. Potential buyers were talking about putting in a new kitchen and bathroom. Some are talking about changing the layout to extend the property.<\/p>\n \u201cWe\u2019ve had families wanting to live in the area through to first-home buyers, renovators, and those actually overseas who want to return home to Ponsonby and call it home. We\u2019ve had great traffic through the property, and with the declared reserve option we\u2019re expecting a result.\u201d<\/p>\n Fellow Ray White agent Jason Trowbridge<\/a>, who\u2019s been selling real estate in Ponsonby for over 30 years, said bargain and Ponsonby were two words rarely seen in the same sentence. \u201cIt is the first time I have seen something offered at this sort of level for many years. I would be buying at $1.3m. I think this is a rare opportunity.\u201d<\/p>\n One of the three bedrooms has a balcony. Photo \/ Supplied<\/p>\n One of the neighbouring \u201cSix Sisters\u201d homes managed to fetch $3.365m at the height of the market in 2021, highlighting the potential of 127 John Street. \u201cThat was renovated from the ground up really, and it\u2019s got three bedrooms, the master with a large walk-in robe and they\u2019ve put in garaging beneath, landscaped and extended,\u201d Munro said.<\/p>\n And a four-bedroom, four-bathroom home on John Street, Ponsonby, recently sold for just over $6m. <\/p>\n Bargain-hunters also have the option of buying a 96sqm home on neighbouring Fitzroy Street on Thursday. That home, billed as one of Ponsonby\u2019s skinniest, comes with issues, though. Barfoot & Thompson listing agent Carl Madsen told OneRoof<\/a> that the three-bedroom house at 4A Fitzroy Street<\/a> has water-tightness issues and would likely be demolished by its new owner. <\/p>\n![\"The](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/07\/336dbdcf834462e38f32bdd680d9220a.jpg\")
<\/p>\n