Property market

Press, 19 December 1981, Page 22

Property market

No. 437 Memorial Avenue, Fendalton, a 12-year-old, split-level, brick house on a 1012 sq m section, was passed in at auction at $126,000 on Thursday. The government valuation (1980) is $BB,OOO. The house has four double bedrooms, central heating, and garaging for three cars. The garden is private and well-established, and the property is in good condition, according to the auctioneer, Mr H. Morrison, of Dalgety Real Estate.

An old roughcast, two-bed-room cottage on a 506 sq m section at 172 Bordesley Street was passed in at $12,100, very close to the reserve.

The G.V. (1979) is $12,500. The house, which is in need of repair, has an original tile fireplace in the lounge, a brick fireplace in the diningsittingroom, and a single garage. The hall is arched and there are natural wood doors and joinery. Mr B. Watson, of Watson's Auctions and Real Estate was the auctioneer.

A “character villa” at 17 Woodhouse Street, Linwood, was passed in at auction on Thursday at $19,500, quite a bit below the reserve.

The G.V. (1979) is $14,500. The old house has three bedrooms, and two livingrooms. It is weatherboard with an iron roof, and needs repairing and redecorating. The auctioneer, Mr Robert Brown, said that the house and average-sized section were in a well maintained street of pleasant family homes.

On Tuesday, the front flat in a block of five at 262 Kilmore Street, was sold at auction for $25,000. The flat has one bedroom, a lounge with an open fireplace, and a garage. The

block, which is built of brick, is about 16 years old and is at right angles to the street. The auctioneer, Mr A. W. McClelland, of M. B. Cook and Company, said that the flat was in good condition.

Greensland Farm, Teddington, was passed in at $540,000 at auction on Wednesday but was sold privately afterwards for an undisclosed sum.

The 291 ha freehold grazing property had been in the Gebbie family of Gebbies Pass for 140 j'ears, and was sold by Mr M. R. Gebbie. The G.V. (mostly 1981) is $358,600. On the property is a threebedroom homestead with a sleepout and a double garage, and a four-year-old permanent material, three-bed-room house with a garageworkshop. Improvements include the usual farm buildings. During the winter the property had 2000 ewes, 650 ewe hoggets and 18 steers. Mr C. R. McAuley, of The Farmers’ was the auctioneer.

Donadea, a 361 ha Crown lease grazing property 15km from Hawarden, sold at auction on Wednesday for $532,500. The G.V. (1979) is $279,400. Improvements include a large, three-bedroom weatherboard homestead with a tile roof, a large kitchen and separate diningroom and a sunroom, as well as a woolshed, hay barns, and implement sheds. The land, which is on a renewable lease, is flat but is slightly terraced to the banks of the Waitohi River. At present the property runs 1950 mixed age Corriedale ewes and 650 Border cross ewe hoggets. The auctioneer was Mr W. R. Flanagan, of Matson and Allan Real Estate, Ltd.

Westbrook, a 242 ha cropping, fattening and small seeds property in Frasers Road, Annat, was passed in at $1,080,000 at auction on Wednesday. Negotiations continued after the auction.

The G.V. (1979) is $515,000. The property includes a modern 279 sq m brick homestead with four bedrooms, a separate diningroom, a double garage and a carport. Farm buildings include a silo shed, hay barns, loose boxes and an ’ 8-stall horse barn. The property has a 5Vz furlong clay horse track. Mr C. Hooper, of Pyne, Gould, Guinness was the auctioneer. Another property, to be auctioned the same day, Windermere. at Sheffield, was sold privately before the auction.

No. 140 Leinster Road, Merivale, sold at auction, also on Wednesday, for $58,000. The G.V.. (1979) is $37,000.

The three bedroom, permanent material house is about 30 years old, and has a lounge with an open fireplace, a separate diningroom. dual hot water, and a double garage. There are gardening sheds and a glasshouse on the 1014 sq m section. According to the auctioneer, Mr Albert Sprott, of Warwick Todd, Ltd, the house is in a good, tidy condition but needs some renovation.

Flat 3,69 A Yaldhurst Road (Birchdale Courts), Yaldhurst, was passed in at $50,000. The reserve was $52,000.

The brick and iron town house has two bedrooms, a dining-kitchen, a large lounge, a private courtyard, and a single garage. It is about 3 years old. Mr W. Knight, of Whittle, Knight and Boatwood, Ltd, was the auctioneer.