Property market

Press, 5 June 1982, Page 19

Property market

A large house on a lOha block in Iveys Road, West Melton, was sold at auction on May 28 for $175,000. The three-bedroomed house which is made of permanent materials includes a spacious lounge, separate living and dining rooms,, a walk-in pantry, and a games room complete, with a fullsize snooker table. If sits in a landscaped garden and has a self-con-tained flat adjacent. Advertised as ideal for ponies or,show horses, it has a training track and excellent grazing. Outbuildings include five concrete loose boxes, three covered yards and a hayshed.

The property was auctioned by Mr B. Farrow of Mercer Real Estate at a sale attended by 42 people.

A character home' in need of repair at 65 Innes Road, Merivale. was sold at auction on May 28 for $52,000. The three-bedroomed property, which contains leadlight windows and original fireplaces and wood panelling, has a G.V. (1979) of $22,800. , • It was sold by Air 8.. Nottingham of Perpetual Real Estate, at. a well attended auction. A.344ha pastoral block in South Canterbury was passed in at auction on Mav 28 for $960,000. Bidding began at $BOO,OOO and advanced to $900,000 in $25,000 bids after which it progressed in $lO,OOO ’ bids and later in $5OOO bids. The farm, which is divided into 40 paddocks and carries 4400 livestock units, includes a comprehensive range of 'outbuildings. / It also contains a. modern, four-bedroomed homestead made of Oamaru stone with a large lounge, separate dining room, and double garage. The auctioneer. Mr M- C. Olorenshaw. of Dalgety Real . Estate (Timaru). said that the auction attracted a large

crowd and that a private sale was being negotiated. A three-bedroomed house at 260 Yaldhurst Road. Avonhead. ' was passed in at auction on May 27 for $125,000 but was sold privately immediately afterwards. The house, together with a large section, has a G.V. (1981) of $55,000. It has a dining room, lounge, sunroom, study and a double garage. It was auctioned by Mr G. A. Woodley on behalf of Binns, Barber and Keenan, Ltd. at a well-attended sale. A 201 ha stock and grazng unit with an historic homestead on the main OxfordRangiora Road, near Rangiora, was passed in at auction on May 27 for $701,000. The two-storeyed house in the English baronial style “Springbank Homestead” — is well-maintained, and set amongst a plantation of' mature trees. ;• ■ It and the farm, which carries 2600 stock units, were offered for sale on the account of Mr K. B. Smith. The . Smith family has owned the property for many years. ' . It was auctioned by Mr W. R. Flanagan, of Matson and Allan. He said that the sale had attracted a large crowd, and that negotiations were under way to sell the holding privately. A4olha freehold stock and fattening unit in Omihi was passed in at auction on June 2 for $820,000. The property, which includes two three-bedroomed homes, a swimming pool and a comprehensive range of outbuildings, has a G.V. (1979) of $311,500. It carries more than 6000 stock units and has 40ha in forestry, . About 30 people attended the auction, which was conducted by Mr H. Morrison, of Dalgety Real Estate. A private sale-is being negotiated.