$101,000 for farm
A 49.8-hectare freehold; mixed cropping and grazing unit, pan of the estate of the; late Owen Gray, was sold by I auction on Wednesday for' $lOl,OOO. The property included a* large five-bedroom house. I three haysheds and granary.' and cowshed, dairy', and implement sheds. It is divided' into 17 paddocks. 13 per cent' in stubble and the rest in permanent pasture. The Government valuation’ (1973) of the propertv is 1 $47,000. The auctioneer. Mr R. I. Stark, of Wrightson NMA’ Ltd. said that the auction had been well attended, with, b-dders showing considerable 1 interest in the property. Mr Stark was also the auctioneer for three other.i properties sold by auction' during the last week. hour residential sections at' Governors Bay. valued at ] $35,000 earlier this year dur- , ing the Mount , Herbert (
;Countv valuation, were sold [by auction for $57,000. More than 80 people had ‘ a’ tended the auction, said Mr Stark, and bidding for the properties—one of which had a two-bedroom wooden bungalow—was spirited, he said. ' Another Peninsula prop-, erty. offered in four blocks, also attracted buyers. The property, at Okains: Bay. was offered on the 1 ; account of the beneficiaries of i Robert Whamest. The first block, of 0.607 ha, I was sold immediately afterj 'auction, but the other three; were sold publicly. Lot 2, of 6.9 ha. was sold: I for its 1976 Government; •valuation of $7500. Lot 3. of: ;12.1ha. sold at $15,000, brought $4OOO more than; i Government valuation, and, 1 'Lot 4. with a valuation oft '515,000, was sold for $26,000. The third property, at' Hororata, was of 4.04 ha with I a two-bedroom cottage,! owned by Mrs N. Thompson.
IJTt was sold for $18,500. The Government valuation (1975) | is $10,750. A small one-bedroom bun- . galow at 275 Kennedys Bush t Road, Halswell. with a Government valuation (1972) of . $7OOO, was sold yesterday for $15,000. The property, of 940 square metres, was sold •by auction by Mr P. T. Batjtersby, of Ford and Hadfield, ibtd. ’
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Bibliographic details
Press, 18 December 1976, Page 6
Word Count
334$101,000 for farm Press, 18 December 1976, Page 6
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