Property market

Press, 7 December 1985, Page 14

Property market

An original colonial bungalow on the Summit Road was sold at auction on November 27 for $88,500. Its Government Valuation (1981) was $35,000. The auctioneer, Mr ■Robertßrown, of

Brown Real Estate, said the interest in the auction had been high, and the auction room full. Five bidders competed for the house. Bidding started at $35,000, and went up to the sale price. One of only five homes on the Summit Road, this house, which was built in 1915, has an interesting history. It was one of two houses commandeered by the New Zealand Army during World War 11, when there had been an anti-aircraft battery on top of Mt Pleasant. The two-bedroomed bungalow was used as a sergeants’ and corporals’ mess, Mr Brown said. The house, which looks out over Godley Heads, was originally part of the Major Hornebrook estate on thej Port Hills. It was owned by: its immediate past owner for 38 years. A three-bedroomed house on 9.5 acres in Lake Terrace Road was passed in at auction on November 27 but was sold immediately afterwards for $205,000. The Government Valuation (1985) was $160,000. About 40 people attended the auction for the property, which is adjacent to the Shirley Golfcourse. Six

acres of the property is market garden. The rest includes a pony paddock, an area for a tennis court and a swimming pool. The auctioneer was Mr Kent Prier of Kent Prier Real Estate.

A house in Hoon Hay Road was passed in at auction on November 29 for $57,000. The property, which was auctioned by Binns, Barber and Keenan, Ltd, had a Government Valuation (1984) of $38,000. Negotiations for its sale by private treaty are proceeding. A Merivale townhouse was passed in at auction on November 19 for $129,000, and is now on the market for $135,000. The Government Valuation (1984) is $105,000. About 30 people attended the auction, which was held by Neumann Real Estate. The townhouse has two big bedrooms, lounge, formal dining area, and a kitchen with an informal dining area and a walk-in pantry. A four-bedroom Replica home in Rolleston was Rassed in at auction on November 20, and negotiations are proceeding for a private sale. The house which is on 23.7 hectares of land, has a Government Valuation (1984) of $219,000. It was auctioned by Dalgety Crown in conjunction with Riccarton Real Estate.