Hi everyone,
I went to an onsite auction yesterday, at the following property: http://www.lodgerealestate.co.nz/?na...uniqueid=H7619
Hamiltonians will probably know the property - it sticks out like canine testes.
The house needs tens of thousands of dollars spent to get it into a reasonable state. It is zoned residential, and is on a corner site on a high traffic flow intersection. The house is on two titles, and each piece of land would be worth around $180K.
The house sold for $652,500.
That is crazy money, in my opinion.
Anyone else have any "crazy money" stories from the marketplace?
Paul.
I went to an onsite auction yesterday, at the following property: http://www.lodgerealestate.co.nz/?na...uniqueid=H7619
Hamiltonians will probably know the property - it sticks out like canine testes.
The house needs tens of thousands of dollars spent to get it into a reasonable state. It is zoned residential, and is on a corner site on a high traffic flow intersection. The house is on two titles, and each piece of land would be worth around $180K.
The house sold for $652,500.
That is crazy money, in my opinion.
Anyone else have any "crazy money" stories from the marketplace?
Paul.
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