PHOTO: BOULGARIS REALTY/ANDY CHUI – When you buy into an elite street, you are buying location, location, location. And a little history. This house was originally designed by renowned architect William Alfred Holman, for the wife of the former Mayor of Parnell.

Houses in Auckland’s elite streets don’t come on the market very often. And when they do, they frequently change hands by word of month.

But this faded beauty in Arney Road, Remuera, built for the wife of the former Mayor of Parnell, has been listed for sale publicly.

Listing agent Michael Boulgaris of Bouglaris Realty describes it as “glorious” but it need of upgrading. And it could still set you back $8.5 million, which is the asking price.

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