'P house' up for sale in Auckland
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.