Important Update for Unsworth Heights Homeowners
Don’t Let Developers Undervalue Your Biggest Asset
I wanted to share some key insights regarding your property and the current market dynamics in Unsworth Heights that may affect its value.
In fact, I’ve already noticed one in Unsworth Heights already selling their property significantly below market value
Why Your Property Is a Target for Developers
Watercare has recently issued a notice detailing that a large amount of the North Shore (and Auckland) is not able to be developed due to capacity constraints on the water network (waste water and stormwater). The solutions for these constraints are not available until 2040-2045 in some cases. Unsworth Heights has been highlighted as an area that does have capacity available.
With the recent updates, we are hearing from local homeowners that developers are increasingly focusing on areas like Unsworth Heights, where development remains possible despite limitations elsewhere, and are contacting owners directly in a private or off market sale capacity. We are concerned for our clients, as while there is confusion people may undersell their property. You can find more details in the Watercare Capacity Constraints Map.
What You Need to Know
Increased Developer Activity
Expect more developers or their real estate agents knocking on your door soon, as they seek opportunities amid capacity constraints in other areas, and confusion on the impact these changes will have for values in areas without capacity constraints.
Don’t Undersell Your Biggest Asset
If developers or agents knock on your door, I’m not saying you can’t sell, but don’t undersell your property—it’s one of your biggest assets, and you deserve the best possible outcome. It is crucial that a thorough marketing campaign is implemented, with developers competing against each other.
Fight for Your Best Interests
Remember, when agents knock on your door, they are often representing developers or buyers—not you. It’s crucial to advocate for your own interests to ensure you maximize your property’s value.
Stormwater or Wastewater Connections Are Gold
If your property has stormwater or wastewater connections, that’s a major asset. If your neighbor wants to develop their property but needs a connection that runs through your land, the current market value for granting such access is quite high. This means they would need to pay you a significant amount for permission.
For more details, check out Auckland Council’s Engineering Approvals
How Much Is Your House Worth?
As an example, 23 Caribbean Drive, an average property with only a 596m² section, recently sold for $1.45M (with existing consent).
Consulting your solicitor or architect to understand how these changes impact your property.
Reviewing the Watercare Capacity Constraints Map
Giving me a call for a Free, friendly and no-obligation chat about your property’s development potential.
If you ever need assistance, I’m just an email or call away. If you know any neighbours who might find this information useful, please feel free to forward it to them.