The Star: December 07, 2023

The Star Thursday December 7 2023
12
NEWS
Latest Canterbury news at starnews.co.nz
House ‘unworthy’ of beachfront
location sells for $1.6 million
• By Nikki Preston
A REDCLIFFS cottage
surrounded by mansions
but deemed unworthy of its
beachfront location has sold
under the hammer for $1.675m.
The owners had shelled out
$1.6 million for the development
site on Beachville Rd in 2020
with intentions to build their
dream home, but a change of
plans saw them putting it back
on the market last
month.
The listing
for the property
said the house
was “clearly not
worthy” of the
Karen
Phillips
Alison
Aitken
prime waterfront
position
surrounded by
$2m-plus homes.
The cottage was
liveable and had
been tenanted, but
was uninsurable
in its current state.
“Our sellers’
difficult decision
to abandon their
development plans
is tempered by how settled they
are in their new home in the
countryside,” Harcourts agent
Alison Aitken said in the listing.
They had commissioned
architectural plans and gained
resource consent for a home
to be built on the 668sqm site,
which was spread over two titles,
before deciding to stay put so
included them as part of the sale.
Harcourts Grenadier auction
manager Karen Phillips said it
was a good result for an “as is,
where is” property especially
because it was always hard to
know how they would go in the
current market.
The auction attracted three
registered bidders with two
bidding competitively for it. It
TO BE DEVELOPED: The
two-bedroom home on
Beachville Rd was habitable
but uninsurable.
PHOTOS: NZ HERALD
paused for negotiation before
finally selling for $1.675m.
Beachville Rd was a prime
location close to the water and
away from any busy road noise,
she said. “It’s a beautiful spot.”
– NZ Herald
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