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Home / Business

$4 million - English mansion or Otahuhu demo?

Anne Gibson
By Anne Gibson
Property Editor·NZ Herald·
22 Jul, 2016 12:00 AM2 mins to read

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With $4m to spend one of these properties would leave you with $500,000 left over to pay for a fancy ride-on lawnmower. Photo / Trade Me

With $4m to spend one of these properties would leave you with $500,000 left over to pay for a fancy ride-on lawnmower. Photo / Trade Me

An historic British mansion where Oliver Cromwell once stayed or a run-down Otahuhu property with a house requiring demolition - what would cost the most?

A seven-bedroom picturesque Grade II-listed Cambridgeshire house where the famous Roundhead once stayed during the English Civil War is for sale for only the second time in 300 years for £1.8 million.

That is around $3.4 million at today's exchange rates.

Meanwhile, here in New Zealand's overheated market, the two-address 102 Princes St and adjoining 19 Albert St are being marketed as 'gold mine in the middle of Otahuhu' with an asking price of $4 million.

"Attention all developers and speculators, a prime investment opportunity for an astute buyer to acquire one of the last few large land banks left in Otahuhu with a total land size of 4590sq m," says advertising - noting its proximity to Sylvia Park and major motorway and train routes.

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Over in Britain at Offord Cluny, the mansion is being marketed as having been owned for more than 300 years by the Sisney-Deane family before being sold in 1995.

Now, it is on the market with real estate firm Fine & Country.

A grand staircase, open fires and large sash windows with shutters, visitors greeted by brick-pillared cast iron gates that lead on to a large gravel drive surrounded by a coach house, garage and stables, an elegant hall leading on to landings that offer access to the seven spacious bedrooms and five attic rooms - aristocratic luxury is on offer at Cambridgeshire.

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An aerial photograph of the Otahuhu land:

The Otahuhu propery is selling for $4 million due to a large adjoining property behind the house. Photo / Trade Me
The Otahuhu propery is selling for $4 million due to a large adjoining property behind the house. Photo / Trade Me

At Otahuhu, it's the land that seems to be the gold mine: "102 Princes St has large vacant chocolate factory & two self contained out dwellings - total building/floor area approx 579m2 on a freehold title of 3561sq m;19 Albert St has a 3 bedroom house that needs to be demolished on a freehold title of 1029m2."

The British estate is on 6ha of land.

See a Google Map of the Otahuhu site here:

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