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Developers pay 5. 5.14 million for a century-old home in Lower Hut.

The one-story brick home in Lower Hut has set a record sale price of 5. 5.145 million.

The 1920 four-bedroom house on Waterloo RD in Hit Central sits on 2,227 square meters of land.

One of the last large sections that was once common in the city is one of many properties acquired by developers. A change in the recent district plan that has opened the floodgates.. It has been in the same family for almost 100 years.

The sale shattered a previous record of 4. 4.60 million in residential property set up by a house in Military RD, Bolkot last year.

A four-bedroom home on the 2,227-square-meter section has set a record sale price of 5. 5.145 million in Lower Hut.

Kevin stents / equipment.

A four-bedroom home on the 2,227-square-meter section has set a record sale price of 5. 5.145 million in Lower Hut.

According to the New Zealand Institute of Real Estate, which has a 1992 record, the regional record is held by a property in Adelaide Road, New Town, which also sold for ڈالر 8.81 million last year.

Read more:
* Multi-unit development in Lower Hut doubles as demand for first-time home buyers increases.
* Million-dollar home prices are spreading north in Lower Hut following record prices in Wellington.
* Wainuiomata’s growing housing market is linked to high prices and a rush of developers.
* Buyers blocked the street because 400 painters come to open the house in three days.

The 2227 square meter section is approximately equal to about eight and a half tennis courts.

Kevin stents / equipment.

The 2227 square meter section is approximately equal to about eight and a half tennis courts.

The property, about the size of an eight-and-a-half-tennis court, will be distributed, according to Mark Cook, managing director of Palmer & Coke Development, based in Lower Hut. Will be. .

“We’ve been looking at it for a while … since we’ve done this business. There aren’t many features like that. It’s a brand new place.”

He was unhappy with the record amount, and was confident that there would be a demand for housing in the high market area. Site plans were not yet fully developed.

Listing agent Shane Brooklyn Bank, from Professionals Red Coats, said six offers were made on the property. He was surprised to come across two buyers who wanted to maintain the site for the family home.

Brooklyn Bank had expected a higher selling price on this part due to the lack of this property and the opportunities for its development.

The brick house will be cleared to make way for a mix of standstone houses and townhouses.

Kevin stents / equipment.

The brick house will be cleared to make way for a mix of standstone houses and townhouses.

“It’s the biggest sales of professionals, and we’ve been in Lower Hut for 40 years.

“It’s sad to lose such a part in such a good place, but the fact is that we need more houses.”

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