Property market

Press, 20 March 1982, Page 21

Property market

An old cottage at 21 Hurley Street in the Avon Loop was sold at auction on Thursday for $30,000. The property has a GV (1979) of $9,500. It consists of a three-bedroomed. recently re-decorated house with a sun-room, which is on a 405 sq m section with a mature garden. The auction attracted considerable interest in the neighbourhood and was attended by more than 40 people—three serious bidders and the rest neighbours. The auctioneer. Mr J. Packard, of Beasley. Packard and Chamberlain. Ltd. said that the price fetched was good considering the size and age of the cottage. Bid-

ding started at $25,000. One factor contributing to the value of the property is that it is in an urban renewal area which is being upgraded. It was advertised as "another Merivale in the making" by the auctioneers. However, the house next door at 23 Hurley Street, which was auctione'ed at the same time but under a separate title, did not fetch the reserve price and was passed in at $17,500. A two-bedroomed cottage of the same approximate age as Number 21 and with an almost identical section, it has a GV (1979) of $7500. Mr Packard said that a private sale was being negotiated.

A 115. ha cropping and fattening property in Darfield was sold at auction on Thursday to a local farmer for $540,000. The property which comprises a three-bedroomed. weatherboard house set in a large, mature garden, and outbuildings, has a GV (1979) of $225,000. Divided into 12 paddocks the land carried more than 1000 stock units last season together with 45 acres of crops. It has been owned by the Green family since 1898. and was sold on the account of Mr J. D. Green. The auctioneer. Mr H. Morrison of Dalgety Real Estate, said that the sale attracted considerable in-

terest and that the auction was well-attended. . A retirement home at 71 Rossall Street. Fendaiton. was passed in at auction on Thursday for $68,500. The 40-year-old. wellmaintained home has a GV (1980) of. $44,000. It features two bedrooms, a large lounge, separate dining living room with sunroom adjoining and a spacious kitchen. Set on a 761 sq m section, the property includes a double garage and workshop area, ■ It was auctioned by Mr T. Templeton of Matson and Allan Real Estate. Ltd. who said that the auction was well-attended.