'P house' up for sale in Auckland

Last updated 14:00 04/12/2013

Relevant offers

Money

New Zealand's top online banking mistakes and how to avoid them Couple owing $81,000 to the council threatened with bankruptcy How to get value for money from your health insurance Corelogic data shows more people are buying houses without partners New survey compares credit card reward schemes Europe Central Bank to halt production of €500 bills amid fears it's popular with crooks If you are taking financial risks, you should have a safety net ready Denise Cherelle Greig admits scamming three elderly women in Christchurch Woman arrested at Sydney Airport over alleged A$4.6m fraud due to banking error: police KiwiSaver schemes face fees backlash from customers whose balances fall short

Aucklanders struggling to score in the property market may be able to buy a "P house" in the city's western suburbs.

The owner-occupied home in Te Atatu was listed on Trade Me last night and has attracted more than 800 views.

It is listed simply as "P house" on the auction site.

The four-bedroom, two-bathroom 1960s cedar-clad home is listed with a rateable value of $430,000. The sale is by negotiation.

The property has an in-ground swimming pool.

In the listing description, the agent acknowledges that the house "does have issues, but the upside is an opportunity to increase value, making it a sure winner for the astute".

The agent will prepare a detailed contamination report and professional decontamination costs to potential buyers.

The house has a contamination reading of 98. The acceptable government reading is 0.5.

To make the home safe to live in, it would need plenty of work, including stripping the Gib board, the wiring and grouting, along with most of the house.

Buyers would essentially be getting an empty shell on a site.

Ad Feedback

- Fairfax Media

Special offers

Featured Promotions

Sponsored Content