NZ Herald
  • Home
  • Latest news
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather forecasts

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
    • The Great NZ Road Trip
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
    • Cooking the Books
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • What the Actual
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / New Zealand

Remember, it's all about potential

Alanah Eriksen
By Alanah Eriksen
Managing Editor - Live News·NZ Herald·
17 May, 2014 01:45 AM3 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

The Grey Lynn villa, which has a 2011 council valuation of $890,000, is home to artists and musicians.

The Grey Lynn villa, which has a 2011 council valuation of $890,000, is home to artists and musicians.

Agents say home-staging wasted on Grey Lynn house because its value will be obvious despite the mess.

Real estate agent Jason Trowbridge didn't bother tidying up the rooms for the photos of the Grey Lynn villa he's trying to sell - he says any likely buyers will see past the mess.

His listing for the four-bedroom do-up on Grosvenor St shows rooms with blankets as curtains, empty bottles in the living room, boxes and furniture blocking the hallways and bedrooms so messy, barely any wall or floor space can be seen.

Built in 1908, the property has its original kitchen and bathroom. Outside, a back fence is covered in graffiti.

But Mr Trowbridge believes no home-staging is needed.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Located in a suburb where the average house price is $959,700 - a jump of 34.6 per cent in three years - the house was in a prime location with city views and sitting on a 481sq m section.

"It's a typical home that's being marketed in its condition.

"This situation is, this is a home full of opportunistic value so the real buyers can see past everything. You can't hide what it is.

"This is a property that somebody's going to add value to, they're going to add their own touch to it, they're going to turn it into whatever they want to."

Advertisement
Advertise with NZME.

He had been selling homes in the area for 23 years.

Occupied by tenants - who Mr Trowbridge described as "artists and musicians" - property records show it was bought in March 2009 for $651,500.

It now has a council valuation of $890,000, but that was set in 2011 before house prices skyrocketed.

A new four-bedroom home on the same road with the same-sized section had sold recently for $2.35 million.

Discover more

Opinion

Mary Holm: Sell shares to lower the mortgage

17 May 01:05 AM
Opinion

Diana Clement: Sensible savings choices pay off big time

16 May 05:00 PM
Opinion

Editorial: Clear picture needed of foreign home ownership

18 May 05:00 PM
The house in Grosvenor St was built  in 1908 and still has its original kitchen and bathroom.
The house in Grosvenor St was built in 1908 and still has its original kitchen and bathroom.

Real Estate Institute chief executive Helen O'Sullivan said the marketing tactic wouldn't have worked a few years ago when properties were taking much longer to sell, prices had dipped and the country was in a recession.

"In that part of town, I really do think they'll see past the mess. In 2008, you'd have had to really clean it up and present it as a liveable property. But the reality is, there's an enormous amount of potential there and people would be buying the potential, not the current look and feel."

But she said the photos still stunned her.

"The only time I've seen a property similar to this, it was in the middle of nowhere and it was billed as 'Please rescue me'.

"You'd have to do a lot of work on a place like that. With home-staging, first you'd have to clean it out from top to bottom. Home-staging doesn't usually start with a skip."

The house would appeal to "Ma and Pa investors", developers, first-home buyers or a family wanting to put their own spin on the home, Mr Trowbridge said.

Advertisement
Advertise with NZME.

"It's one of the few properties I've handled over the last 23 years that really is a blank canvas."

Mr Trowbridge said the property would be "pushing well over $1 million". It will go to auction tomorrow.

"I've had a lot of attention from all sorts of people ... so we're expecting a big auction."

Save

    Share this article

Latest from New Zealand

Kahu

Muttonbirding: ‘It’s a part of who we are’

10 May 09:35 AM
New Zealand

Do you know this woman? Police appeal for help to identify 'Mary'

10 May 08:58 AM
New Zealand

Lotto Powerball: $10 million draw not struck, two players win $500,000

10 May 08:02 AM

One tiny baby’s fight to survive

sponsored
Advertisement
Advertise with NZME.

Latest from New Zealand

Muttonbirding: ‘It’s a part of who we are’

Muttonbirding: ‘It’s a part of who we are’

10 May 09:35 AM

Daniel Tarrant is harvesting tītī on Rakiura's tītī islands.

Do you know this woman? Police appeal for help to identify 'Mary'

Do you know this woman? Police appeal for help to identify 'Mary'

10 May 08:58 AM
Lotto Powerball: $10 million draw not struck, two players win $500,000

Lotto Powerball: $10 million draw not struck, two players win $500,000

10 May 08:02 AM
Premium
Tickets please: 'You are not going for dinner, you're going for an experience'

Tickets please: 'You are not going for dinner, you're going for an experience'

10 May 06:01 AM
Connected workers are safer workers 
sponsored

Connected workers are safer workers 

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • What the Actual
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven CarGuide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP