Property market

Press, 26 April 1984, Page 16

Property market

A two-bedroom home of permanent materials at 1 Te Kura Street in Fendalton was passed in at auction on April 18 for $73,000. The property, with two garages and stream boundary, has a G.V. (1981) of $37,000. The auctioneer, Mr Phil Alexander of Sherris and Robertson, Ltd, said that between 30 and 40 people attended the auction, and that a private sale was being negotiated with three possible buyers. A roughcast, two-bedroom dwelling on a 506 sq m section at 356 Keyes Road in Central Brighton was sold at auction on April 18 for $24,500.

The property has a G.V. (1979) of $lO,OOO and includes a single garage and

shed. The house has a separate dining room, a lounge and a sunroom. The auctioneer was Mr Barry Watson of Watsons Auction and Real Estate. Four residential sections between Cheyenne Street and Racecourse Road in Paparua were sold at auction on April 14. The first, at 894 sq m, fetched $32,000 and the second, at 610 sq m, $35,000. The third, 820 sq m, went for $30,000 and the fourth, 829 sq m, went for $42,000. The auctioneer, Mr Walter Knight of Whittle, Knight and Boatwood, Ltd, said that the properties did not have separate G.V.s but that their average value was assessed in 1980 at between $16,000 and $17,000.

He said that about 60 people turned up to the sale and attributed the interest to sections being in short supply because there had been no major subdivisions in the last few years.