Two-Bedroomed House Offered At £4,444 !
The house the students built at
Karori (Wellington) to demonstrate their ideas on what such a house should be cannot find a bidder at
the offered price (£4,444), evten though it was officially opened by the Prime Minister and has been in-
spected by 12,000 people. Moreover, it has a washing machine in the * bathroom, bunks for beds, and includes built-in furnishings. Still, it is only a two-bedroomed house, and the price is such that no one wants it. Tenders are to be invited to purchase it. The unbelievable part of the story is not that it cost £4,444, that it is built to get all the sun possible, that it is erected on an awkward section, but that the Land Sales authority agreed that £4,444 was the marketable value, when properties constructed of far superior mater-
ials, larger and better situated, are forced down in price until hardly a transaction goes through at the Land Sales Court valuation.
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Bibliographic details
Bay of Plenty Beacon, Volume 14, Issue 85, 13 January 1950, Page 5
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164Two-Bedroomed House Offered At £4,444! Bay of Plenty Beacon, Volume 14, Issue 85, 13 January 1950, Page 5
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