Big rise in values
The capital value of property in the Cheviot County have doubled, from sl3m to s26m, in the last five years. The value of improvements has risen from $7.5m to $9.7m, and land value is fixed at $16.6m. The district valuer of the Valuation Department (Mr R. Calderwood) said that Cheviot County had shown steady development over the last five years, especially on the steeper downs and low hill areas where many acres of new grassland had replaced scrub. Changes in, farm-manage-ment techniques and an improved rural water-supply had increased production, in spite of prolonged summer droughts. During the last year, property in the county worth $1,110,000 had changed hands, because of the attractive nature of the area and the high standard of county amenities, Mr Calderwood said. Valuers will meet owners at the county office on March 25 to discuss values.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19740309.2.140
Bibliographic details
Press, Volume CXIV, Issue 33479, 9 March 1974, Page 16
Word Count
145Big rise in values Press, Volume CXIV, Issue 33479, 9 March 1974, Page 16
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in