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PHOTO: STREET VIEW The family thought the Royal Oak, central Auckland, property was worth at least $2m.
An Auckland family trust that sold a house for $1.85 million to a buyer who then sold it a month later for $2.55m is taking legal action against its real estate agent.
The Wild family claim real estate agent Martin Honey and Pure Realty breached the Fair Trading Act, and claim there was a breach of contract. The family trust wants $700,000 in damages.
A statement of claim filed to the high Court in Auckland said Honey was negligent and breached fiduciary duties related to the 2016 sale of a Royal Oak home.
Honey and Pure Realty denied all allegations.
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