Property press 3005

Property GUARDIAN

May 30 2014

A great opportunity here Proudly marketed by Mark Allred, Methven Professionals FURTHER DETAILS

Industry comment New York experience

Renovations

Upgrades and improvements

Lighting

Illuminated

Auctions

Selling by auction

P2

Cover Story

A great opportunity here Interested in this property?

10 Morgan Street, Methven

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On offer is a three bedroom, low may be the right option for you. maintenance home set on an easy The trees on the street are ever care section. changing and this will be a special Located on Morgan street it has a place to call home. homely feel to it and has a feeling of Viewing by appointment only. space through the open plan kitchen, dining and living areas.

For Sale: $410,000 Off street parking and a small back yard makes it a hassle free home.

Web ID: MHV10252 With double glazed windows and www.methvenprofessionals.co.nz a double internal access garage this

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Mark Allred 0274-909-991

Methven Real Estate Ltd MREINZ Licensed Real Estate Agents REAA2008

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TWH4398-May Sale POS-A1 v4.indd 1

24/04/14 2:40 PM

FURNISHINGS | FLOORING | BEDS | CURTAINS

217 West Street ASHBURTON ashburton@propertybrokers.co.nz 03 307 9176

Hastings McLeod Ltd Licensed under the Real Estate Agents Act 2008

$650,000

LOVELY LOCATION

WEB ID AU34905 WESTSIDE 22 Charlesworth Drive Fabulous new home in the popular Lochlea subdivision.

Four bedrooms, master has tiled shower in ensuite, great kitchen with butlers pantry, and living areas that open onto patios, perfect for entertaining. Double internal garage.

Ready and waiting for new owners to move in now.

VIEW Saturday 31 May 10.00 10.30am

4 2 2

OPEN HOME

SUPER SUNNY TOWNHOUSE

SPACE, STYLE AND LOCATION

CHARMING HOME

EXCEPTIONAL VALUE HERE

OPEN HOME

OPEN HOME

OPEN HOME

OPEN HOME

OFFERS OVER $350,000 WEB ID AU37064 OFFERS OVER $480,000 WEB ID AU36660 OFFERS OVER $330,000 WEB ID AU36187 $499,000 WEB ID AU33824 WESTSIDE WESTSIDE WESTSIDE WESTSIDE 21a Andrew Street 66 Cameron Street 7 Cross Street 9A Allison Street This super sunny three bedroom Always sought after in this location.

Located in Allenton close to school and 3 3+ A great family home with 3 spacious 3 4 townhouse has a sunny private outdoor Substantial family home within easy bedrooms. Two large living areas with shops all within walking distance. 253 sqm area with direct access to the walking distance to towns main amenities heatpump and logfire. Brand new roof. on a 728 sqm section. Fences, paths and lounge/dining room and chefs kitchen. A all the things you would expect to find in Excellent westside location with domain driveways, lawns all completed. 4 2 2 1 2 hideaway computer cupboard, double this quality home and more including and schooling nearby. Private well fenced bedrooms, open plan kitchen/dining, glazing, smart drapes, master bedroom spacious living areas, a wonderful back yard. separate lounge, ensuite off master walkin with ensuite, two heat pumps. conservatory. wardrobe.

2 2 1 2 VIEW Saturday 31 May 10.45 - 11.15am VIEW Saturday 31 May 10.30 - 11.00am

VIEW Saturday 31 May 10.30 - 11.00am

VIEW Saturday 31 May 11.00 - 11.45am

OFFERS OVER $405,000 BRAEBROOK BEAUTY

TOPS IN PRESENTATION

PRIVATE AND SUNNY

WEB ID AU36669 WESTSIDE 4 Glassey Drive This sizeable family home has been completely updated over recent years - carpets, drapes, paintwork, kitchen and bathroom are all in top condition, and tastefully done. All the rooms are of generous proportions. The spacious dining room/lounge basks in all day sun and opens out to an attractive patio and deck area nestled in a well planted attractive shrub and treed garden.

There is also a conservatory to maximise enjoyment of winter sun, and garden vistas. Raised garden beds OPEN HOME OPEN HOME make this area easy and enjoyable. The huge garage has workshop space and room for three vehicles.

OFFERS OVER $499,000 WEB ID AU36749 $495,000 WEB ID AU36250 EASTSIDE EASTSIDE VIEW Saturday 31 May 11.15 - 11.45am 7 Magnolia Drive 7 Orchard Grove This spacious quality built 4 bedroom This lovely home is ready for you. Located 4 4 home sits on an easy care 690 m2 section in a popular culdesac in Braebrook, this in the Braebrook subdivision. Featuring a property has 4 bedrooms, master with 3 large entertainers kitchen large ensuite and walk-in robe, large living area 2 2 living/dining plus second formal lounge and substantial kitchen. both open to patio and sunny outdoor Double internal access garaging.

1 area.

2 2 VIEW Saturday 31 May 12.00 - 12.30pm

OPEN HOME

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ROOM TO MOVE

STRONG BONES

OPEN HOME

OPEN HOME

OFFERS OVER $290,000 WEB ID AU37243 OFFERS OVER $269,000 WEB ID AU36581 WESTSIDE TINWALD 175 Harrison Street 11 Graham Street This three bedroom family home is hidden Built for all day sun, this home has great 3 3 away on a large private rear section family sized living areas and three double (1189sqm). A tidy brick home which is bedrooms. One bathroom, separate toilet open plan in design and is well positioned and laundry. Single garage plus carport.

1 1 for the sun. Good sheds including double Fully fenced and very private. Close to garage plus plenty of off street parking.

Tinwald amenities and schools.

VIEW Saturday 31 May 12.00 - 12.30pm

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VIEW Saturday 31 May 12.00 - 12.30pm

www.propertybrokers.co.nz

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VIEW Saturday 31 May 11.30 - 12.00pm

Licensed under the Real Estate Agents Act 2008

NEAR NEW

EASY LIVING AT LAKE HOOD

MAKE ME YOUR OWN

HIDDEN GEM

OPEN HOME

OPEN HOME

OPEN HOME

OPEN HOME

OFFERS OVER $410,000 WEB ID AU37251 $579,000 WEB ID AU37015 $210,000 WEB ID AU37126 OFFERS OVER $355,000 WEB ID AU34107 WESTSIDE ASHBURTON EASTSIDE EASTSIDE 3 Somerset Grove 30 Torbay Avenue 91 Cox Street 78 Oxford Street A lovely near new home located in a well Open the door and be impressed with the A lovely three bedroom home that boosts A lovely and sunny character home 3 4 3 3 established street. Surrounded by other welcoming entranceway and view of the potential. This property offers character positioned on a private setting with quality new homes. Spacious open living canal with bi-folds opening from the and an opportunity to further enhance and established, large and impressive grounds. and two toilets provides for a well lounge. The home is positioned to catch all add value. An upgraded bathroom and 1 2 1 1 designed home at an affordable price. Easy day sun with doors opening from dining large kitchen provide plenty of appeal.

A spacious three bedroom plus office care section with minimal landscaping. and living areas to the glass fenced section. family home with plenty to offer including VIEW Saturday 31 May 2.15 - 2.45pm excellent garaging, accommodating 5-6 2 2 6 VIEW Saturday 31 May 12.45 - 1.15pm VIEW Saturday 31 May 1.00 - 1.30pm cars.

VIEW Saturday 31 May 3.00 - 3.30pm

TRANQUIL & AFFORDABLE

COMMERCIAL FOR SALE

SMART, SUNNY & SUITABLE

MODERN, LOW MAINTENANCE

OPEN HOME OFFERS OVER $190,000 WEB ID AU37044 TENDER WEB ID AC37035 EASTSIDE ASHBURTON 57 Hakatere Drive 7-11 Allens Road Sit back and enjoy the lifestyle Upper A great opportunity to secure your own business 2 Hakatere Huts has to offer. Fully furnished, premise. This property incorporates offices, factory two bedrooms plus sunroom, spacious and standalone warehouse on separate title. Good site lounge with log fire. Large kitchen, access and car parking. Offered for sale as separate 1 bathroom/laundry facilities and separate warehouse, factory or purchase the entire 3,222m2 toilet. New carpet. Sunny deck or sea site. A 12 month lease in place with an established views. market rental of $60,00p.a. plus GST. VIEW Sunday 1 Jun 11.00 - 12.00pm

View By Appointment TENDER closes Thursday 12th June 2014 at 4.00pm

SUNNY & LIGHT, FRONT UNIT

"PAVILION STYLE" GRANDEUR

$265,000 WEB ID AU37237 $495,000 WEB ID AU37075 EASTSIDE WESTSIDE 3/257 Cameron Street 19 Falcon Drive Freshly updated and redecorated two Attractive four bedroom home in Allenton 2 4 bedroom townhouse with modernised cul-de-sac. Sunny and warm with two kitchen/dining and lounge area opening to living areas opening onto private deck. lovely private garden. Single garage. Close Convenient location with shopping and 1 2 in central area, walking distance to all schooling close by. Excellent double garage amenities. with room for the boat and trailer.

View By Appointment

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CANAL SIDE LIVING

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JUST A CRACKER

View By Appointment

2

SUPER SUNNY

2

SOMETHING DIFFERENT

$238,000 WEB ID AU37045 $629,500 WEB ID AU36975 $168,000 WEB ID AU36963 WESTSIDE WESTSIDE ASHBURTON 21a Walshs Road 14 Catherwood Avenue 8 Trent Place Situated very close to Creek Road shopping Modern and sunfilled "pavilion style" Don't look past this prime canal side section. Limited 2 3 centre, this attractive unit is the front one home on 1080m2 superb landscaped opportunities for canal side living within stage 5. of three. Sun streams in all day (when it's stream frontage section. Two separate Own your own 817m2 canal access section positioned out). Ranch sliders open to private easy living areas plus separate kitchen/diningto capture all day sun and great views. An affordable 1 2 care patio and garden. The entire unit has attractive courtyard with lap pool. Formal option for a sought after Lake Hood lifestyle. brand new carpets. style entry opening into formal living.

View By Appointment View By Appointment

View By Appointment

SUPER LOCATION

OFFERS OVER $399,000 WEB ID AU36919 EASTSIDE 3/168 Walnut Avenue This quality three bedroom townhouse is 3 generous in size with a large floor area of 218 m2. Well designed with elevated living which enhances outlook and provides a 1 sunny aspect. A central location and easy care grounds makes this property ideal.

View By Appointment

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CANAL & MOUNTAIN VIEWS

NEG OVER $288,000 WEB ID AU36909 OFFERS OVER $325,000 WEB ID AU36872 $300,000 WEB ID AU36812 $200,000 WEB ID AU36734 TINWALD WESTSIDE EASTSIDE ASHBURTON 181 Harland Street 169B Middle Road 51b Peter Street 24 Torbay Avenue Come and have a look at this three Immaculately presented, sunny two Your chance to secure this lovely sunny Situated in an established cul-de-sac, this 978sqm 3 2 2 bedroom Summerhill stone home in a very bedroom townhouse with pretty private, townhouse with easily accessible garage section is the perfect size to build your dream home. quiet cul-de-sac. Very sunny home, open easy care gardens. The updated kitchen (with internal access) and located just a North west facing, ideal for outdoor living and plan kitchen dining with lounge off dining and open plan roomy dining living basks in short stroll from the town centre. Vendor positioned on the canal making Lake Hood on your 1 1 1 area. HRV system, aluminium windows, all day sun. Walking distance to Allenton has moved out and is prepared to consider door step. Don't delay - be in your home for summer! gas fire for heating. shops and Argyle Park. Be quick for this! all reasonable offers.

View By Appointment View By Appointment

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View By Appointment

www.propertybrokers.co.nz

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View By Appointment

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217 West Street ASHBURTON ashburton@propertybrokers.co.nz 03 307 9176

Hastings McLeod Ltd Licensed under the Real Estate Agents Act 2008

GREENSTREET LIFESTYLE

LAURISTON DAIRIES- 377 HA

DEADLINE PRIVATE TREATY WEB ID AL37152 GREENSTREET 56 Rawles Crossing Road This is a great home built to all day sun with two separate patio areas, 3 double bedrooms master with ensuite, two living areas and large double garage. Then on top of this you have just under 10HA of top quality soils with irrigation.

A chance not to let go by.

VIEW Saturday 31 May 11.00 11.30am DEADLINE PRIVATE TREATY (unless sold prior) Wednesday 25th June 2014 at 3.00pm

LIFESTYLE PLUS 3 HA

DEADLINE PRIVATE TREATY WEB ID AL37157 ASHBURTON 43 Winslow Road This lifestyle property located only minutes out of town has heaps to offer its new owners. Total area deer fenced, very tidy three bedroom home with renovated bathroom and kitchen. Log burner and two living areas. Large separate hobbies room and six car garaging. This really is not to be missed. Serious vendors.

VIEW Saturday 31 May 10.00 10.30am DEADLINE PRIVATE TREATY (unless sold prior) Tuesday 24th June 2014 at 4.00pm

WEB ID AR36907 LAURISTON 1375 Line Road View By Appointment "LAURISTON DAIRIES" DEADLINE PRIVATE TREATY (unless sold prior) Thursday One of the top dairy farms in the renowned 12th June 2014 at 4.00pm Mid-Canterbury Dairy Farming area. 377 HA of fertile Lismore soils that are well suited for dairy farming.

Irrigated by Centre Pivot and Lateral irrigators. 1500 cows milked in a 80 bail Rotary shed. Excellent stock race access and extensive calf rearing facilities, 6 houses. Located adjacent to the township of Lauriston and within easy commuting distance to Methven and Ashburton.

DEADLINE PRIVATE TREATY

MT ALFORD STATION

SIMPLY STUNNING-28.8HA

PRICE ON APPLICATION WEB ID AR35505 ASHBURTON 51 Alford Forest Settlement Road Mt Alford station comprises a total of approx. 1580 ha in two blocks separated by the North branch of the Ashburton River. Approx 380 ha flats suitable for fattening, grazing or dairy support. Balance is easy hill but with some steeper parts. Excellent store and prime lamb producing property complimented by beef cattle and dairy grazing sales.

NEGOTIATION WEB ID AR36309 METHVEN 409 Line Road Situated 4km from the thriving town of Methven, this property will appeal to the discerning buyer.

A superb 4 year old home with 4 bedrooms, 2 living areas. A dairy support block in recent times, currently mostly in kale. Access to BCI water. A stabling complex is an added bonus. This is a rare opportunity in a highly sought after district.

View By Appointment

View By Appointment

11 HA - HOME + SLEEPOUT

$1,100,000 + GST WEB ID AL36508 ASHBURTON 82 Gartartan Road Modern four bedroom home nestled in a peaceful private established expansive garden setting. Sheltered and positioned for the sun. Large open plan living and kitchen areas opening to the gardens. Ensuite and spa bath. Excellent modern two bedroom flat fully self contained. A special for granny or guests.

View By Appointment

DEADLINE PRIVATE TREATY 16HA-2 TITLES

153 HECTARES- LAURISTON

WEB ID AR37273 METHVEN 1324 Methven Chertsey Road This property located in the heart of Lauriston is looking for someone to take it the next step or make use of the simple irrigation system to look after their dairy support or arable needs.

Special features include top quality soils, pivot irrigator covering 137 hectares of the 153 hectares with approx.

5 mm/hectare/day.

Almost 50% of the property drilled in new grass.

This is a great opportunity to extend your existing unit.

View By Appointment DEADLINE PRIVATE TREATY (unless sold prior) Thursday 26th June 2014 at 4.00pm

NEG OVER $1,750,000 WEB ID AR36241 ASHBURTON 779 Winchmore-Dromore Road Well located rural lifestyle with a stylish home of contemporary elegance. Looking for something a little bit special? Classic lines, functional spaces and quality furnishings throughout. The heart of the home is the open plan kitchen/informal dining/everyday living that connects to a sheltered outdoor courtyard. Large formal dining and lounge.

View By Appointment

www.propertybrokers.co.nz

DAIRY GRAZING

$7,500,000 PLUS GST WEB ID AR37107 ASHBURTON Arundel Rakaia Gorge Road Pudding Hill located 35 kms from Ashburton and 11kms to Methven. Approx 214 HA flat land suitable for fattening and dairy grazing plus approx. 50ha of accretion land. The balance is clean hill country. Well subdivided. Improvements include large shed, 6x40T silos, one bedroom cottage, hayshed, older woolshed, sheep and cattle yards.

View By Appointment

HERE’S AN OPPORTUNITY

Eiffelton

TILSONS ROAD

Hinds

205 Dawsons Road

For Sale $685,000 View by appointment

A rare opportunity to purchase a 129ha bare land block just 9.6 kilometers from the Hinds township and all its amenities.

The property has an irrigation consent of 78 litres per second from two wells and at present is irrigated via roto rainers.

The property is sub divided into 26 paddocks with troughed stock water to each paddock.

Quality pasture and excellent soil make this a worthy addition to any farming enterprise.

Deadline Sale

This beautiful home set on 2.67 hectares has everything a family or downsizing lover of the land requires. Warm and inviting it boasts five bedrooms, two living areas, chefs kitchen with breakfast bar and walk-in pantry, two bathrooms and a generous office or media room.

This tranquil lifestyle is yours to enjoy.

www.bayleys.co.nz/517883

Mike Preston

M 027 430 7041 B 03 307 7377 mike.preston@bayleys.co.nz

WHALAN AND PARTNERS LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008.

All offers on or before 4pm, Thurs 19 June 2014 www.bayleys.co.nz/517991

Jon McAuliffe

M 027 432 7769 B 03 307 7377 jon.mcauliffe@bayleys.co.nz

WHALAN AND PARTNERS LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008.

GOLDEN YEAR’S

Tinwald

16 Johnstone Street

For Sale $410,000 www.bayleys.co.nz/517680

We have the perfect situation for your golden year´s right here in this package. Full sized (160m²) house consisting of three bedrooms, one bathroom, kitchen/dining and separate living with hide away office plus a double garage. All of this on a level street front section of 462m².Close to full shopping centre in Tinwald, Ashburton.

Mick Hydes

M 027 437 9696 B 03 307 7377 mick.hydes@bayleys.co.nz

Debbie Boon

M 027 448 4006 B 03 307 7377 debbie.boon@bayleys.co.nz

WHALAN AND PARTNERS LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008.

LARGE LEASEHOLD OPPORTUNITY

Tinwald

15-35 Bryant Street

For Sale Deadline Sale 4pm, Thurs 19 Jun 2014 (unless sold prior) View phone for viewing times www.bayleys.co.nz/517908

Total land area 9.895m² 198m² warehouse and 1,210m² of sheds 225m² office and amenities Great access to State Highway 1 This property offers an owner/occupier or an astute investor to buy leasehold interest of a significant block of industrial land.

Opportunity to obtain quality industrial land

D

D

D

D

Nick O’Styke

M 027 696 9801 nick.ostyke@bayleys.co.nz

Mick Hydes

M 027 437 9696 mick.hydes@bayleys.co.nz

SEIZE THE OPPORTUNITY

Hampstead

13A Wellington Street

Price by Negotiation

Looking to add to your rental portfolio? With a good tenant in place this two storied townhouse is extremely tidy. Two bedrooms, open plan kitchen/ dining/living with gas fire and internal access garaging. A stones throw from town.

WHALAN AND PARTNERS LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008.

The Vendor invites offers in the vicinity of $239,000 www.bayleys.co.nz/517802

Debbie Boon

M 027 448 4006 B 03 307 7377

Mick Hydes

M 027 437 9696 B 03 307 7377

WHALAN AND PARTNERS LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008.

www.bayleys.co.nz

How To Step By Step

ONE UP

Allenton

70 Alford Forest Road

Price by Negotiation

This property will suit the growing family. It comprises one bedroom and a large games room on the first floor and three bedrooms, a living, kitchen/dining plus bathroom and garage on ground floor. The interior has just been painted and exterior timber areas painted about a year ago.

WHALAN AND PARTNERS LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008.

HOLIDAY AT HOME 15 Ludlow Drive Situated at popular Lake Hood this three bedroom property is unlike any other. Interconnecting living spaces they flow seamlessly to the outdoor entertaining area. Upstairs is the master bedroom, walk in wardrobe and ensuite. Attached double garage which is drive through to house your boat or trailer.

Mick Hydes

M 027 437 9696 B 03 307 7377

Debbie Boon

M 027 448 4006 B 03 307 7377

Lake Hood For Sale $560,000 View Sat 10-10.30am

www.bayleys.co.nz/517813

Mick Hydes

M 027 437 9696 B 03 307 7377 mick.hydes@bayleys.co.nz

QUARTER ACRE WITHIN THE AVENUES

Ashburton

291 Cameron Street

Deadline Sale

Be the first to inspect this three bedroom bungalow within the Avenues. Modernised kitchen, bathroom and most windows double glazed for warm and easy family living.

BBQ and patio area for outdoor entertaining. All on a sunny quarter acre section.

WHALAN AND PARTNERS LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008.

The Vendors invite offers in the vicinity of $365,000 on or before 2pm, Tues 10 June 2014 View Sat 10.45-11.15am www.bayleys.co.nz/518008

Debbie Boon

M 027 448 4006 B 03 307 7377

Mick Hydes

Debbie Boon

M 027 437 9696

M 027 448 4006 B 03 307 7377 debbie.boon@bayleys.co.nz

NE W

LI ST IN G

WHALAN AND PARTNERS LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008.

The Vendor invites offers in the vicinity of $338,000 View Sat 10-10.30am www.bayleys.co.nz/517590

WHAT A NEAT PACKAGE!

Ashburton

298 Moore Street

Price by Negotiation

Welcome home to this perfectly positioned three bedroom home. Situated for the sun it boasts large open plan living, galley kitchen, attached garaging and extra 3mx4.5m garage/workshop.

Walking distances to the CBD it is a must see.

The Vendor invites offers in the vicinity of $389,000 View Sat 11.30am-12.00pm www.bayleys.co.nz/517799

Mick Hydes

M 027 437 9696 B 03 307 7377

WHALAN AND PARTNERS LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008.

Debbie Boon

DONT MISS OUT

Allenton

8 Pages Road Fantastic opportunity here for first home buyers or investors alike.

Generous open plan dining and kitchen. Situated in popular Westside of Ashburton on a tidy 724sqm flat section. Current tenants are keen to stay on if purchased by an investor. Add a garage and add value to this very tidy property WHALAN AND PARTNERS LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008.

M 027 448 4006 B 03 307 7377

For Sale

The vendor invites offers in the vicinity of $319,000 www.bayleys.co.nz/517848

Mick Hydes

M 027 437 9696 B 03 307 7377 mick hydes@bayleys.co.nz

Debbie Boon

M 027 448 4006 debbie.boon@bayleys.co.nz

UNCOMPROMISING QUALITY

Ashburton

83 Oak Grove

Tenders Close 4pm, Tues 24 June 2014 (unless sold prior) Offers to be submitted to Bayleys Ashburton, Somerset House, 161 Burnett Street, Ashburton www.bayleys.co.nz/517994

Welcoming and built for the sun, this property has been carefully maintained. Downstairs the kitchen, dining and family room overlook the tennis court. The informal living is a relaxed and cosy room. Downstairs also features two other separate living areas, a bathroom and a fabulous study/ office with outdoor access. Upstairs boasts four generous bedrooms, master has a W.I.R and ensuite and there is another separate bathroom. The section is a whopping 2150m² with garaging for two cars, and a carport.

Debbie Boon

M 027 448 4006 B 03 307 7377

Mick Hydes

M 027 437 9696 B 03 307 7377

WHALAN AND PARTNERS LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008.

www.bayleys.co.nz

Industry Comment

New York experience Rachel and I have just returned from two weeks in New York and during our visit we took a passing interest in the local real estate economy.

Mark Allred Methven Professionals

Methven Real Estate Ltd MREINZ Licensed Real Estate Agents REAA2008

in a geographically confined market is putting real pressure on supply. Since 2006, NYC like the rest of America has been in recovery mode and there is huge migration into the cities.

We had the opportunity to base ourselves in the heart of Manhattan at Times Square, not the quietest relaxing place on earth but certainly a real experience and well worth the 20+ hours of flying to get there.

Renting in the city is not easy and low income families are assisted into housing by the local councils by offering apartments at a 1/3 of their income. Typically if you wish to rent a house in New York then you have to prove to the letting agent that you can afford the rent.

New York City itself has a population of over 8 million and this is growing at over 60,000 a year. This growth

An average one bedroom unit is currently renting for approx. $2,000USD a month and the letting agent will

want proof that you are earning at least 40x this or $80,000USD a year before they will rent this to you. Even in the Harlem area you can pay $3,800 per month for a three bedroom unit and thus will need to be earning in excess of $152,000 per year to have room for a family.

During our visit we partook in a food tour into the Harlem area of NYC. Historically know as a very poor area with high crime rates, it has transformed itself over the last 15 years to now be a very desirable location.

We talked to one gentleman who purchased a bar and a couple of flats

Methven Real Estate Ltd MREINZ Licensed Real Estate Agents REAA2008 SECRET GARDEN - This hidden gem offers a peaceful retreat from the hustle and bustle.

A low maintenance two bedroom home with double glazed windows, free standing wood burner, heat pump, dishwasher, single attached garage.

15 Pattons Road, Mt Somers Open Home: Sat, May 31: 10:00am to 11:00am 1 ACRE DREAM - Country cottage set on 1 acre in rural township. Three bedroom home with good heating.

Two bedrooms and an office. Large workshop 70m2 used as a cattery. Buy as a home with workshop/ sheds OR home and continue the cattery business.

Price guide $345,000.

Don’t delay it’s worth checking out today!

$315,000 IMPRESSIVE FOREST LODGE, BAR & RESTAURANT - This hidden gem offers a peaceful retreat from the hustle and bustle.

A low maintenance two bedroom home with double glazed windows, free standing wood burner, heat pump, dishwasher, single attached garage.

A GREAT OPPORTUNITY HERE - This hidden gem offers a peaceful retreat from the hustle and bustle. A low maintenance two bedroom home with double glazed windows, free standing wood burner, heat pump, dishwasher, single attached garage.

ER

DE

FF RO

UN

$419,000

RURAL OUTLOOK MAYFIELD - This is your opportunity to get a great quality country home.

Located on the outskirts of the Mayfield township with rural outlook. 3 bedroom home on ¾ acre (3364m2).

OLD

S

UNDER OFFER – Properties needed in Mayfield for unsatisfied buyers.

Enquiry over $1,350,000

LODGE/BUSINESS/ FREEHOLD AND HOME Pinedale Lodge and self contained two bedroom apartment with well maintained villa. Lodge has up to 24 beds across five bedrooms. Large lounge split into two areas.

Extensive chattels. 851m2 section with good parking.

A well run tourism business with relaxing sauna and extensive sheds with ski tuning area.

www.professionals.co.nz | 127 Main Street, Methven | (03) 303 3093

Selwyn Allred Principal 0274-388-493

Mark & Rachel Allred Property Consultants 0274-909-991 Mark 0272-429-799 Rachel

OJ – Martin Dodson

Urban / Rural Property Consultant 021-743-394

Annie Dwyer

Property Manager 027-886-0179

Amanda Pannett

Office Administrator 303-3093

Industry Comment

Mortgage rates

5.89

%

6.60

around thirty years ago for just over $15,000 and today it is worth in excess of 6,000,000 USD. The resurgence in the economy was driven by the local government not accepting the status quo and forcing change to bring back businesses and families by lowering the crime rate.

6.19

%

P.A.

2 years

6.19

%

P.A.

2 years

*At the time of printing

86%

money?

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A small bit of development in the new subdivision but really it hasn’t moved forward significantly. If you look a bit deeper there is been significant planning on several large projects that could change the Methven market considerably and now may be the time to start investing if these projects do come to fruition.

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It made me think of where the Methven township has gone in the last 10 years and from the outside it’s pretty much the same now as it was then.

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Renovations

Upgrades and improvements Many homeowners decide to make upgrades with the idea that the bigger kitchen or finished basement will make their home more enjoyable. But those looking to sell should know that not all home improvement projects will boost the value of a home.

Here are six tips when considering investing in home improvement projects:

tenance costs or safety risks for small children.

Pools can make your home harder to sell and often mean you will not recover your expenses.

It's not going to contribute a full measure of its cost of installation because its utility is so limited.

2. Don't "over improve"

1. consider all buyers

The classic example here is installing a swimming pool.

A pool could make your home harder to sell and it's unlikely you will recover your expenses.

It may be a deal-killer for buyers who might not want to take on main-

Some home improvements can help lift a home's resale value, especially updates to features such as cabinets and appliances that are clearly dated.

The key is to select finishes and appliances that don't go well beyond what a buyer might find in similarly priced homes in the area. The term

appraisers have for that is "over improvement".

In a neighbourhood of modest homes, it might be unwise to install pricy quartz or marble counters. You are unlikely to recoup the cost when appraisers look at recent sales of comparable homes that may not have such lavishly appointed kitchens.

This applies to everything from lighting to flooring and bathroom fixtures.

3. consider risks of expanding footprints

One of the home improvement projects that's least likely to produce a return on the investment is a room addition that expands the size of a home beyond its original floor plan.

Projects that require tearing down an exterior wall often involve moving doors, windows and other features, which can drive the costs higher than, say, converting an attic into a bedroom, which uses existing space in the home.

The more expensive the project, the harder it can be to recover one's costs.

Also, making major changes to the original structure, even when permitted by the city, runs other risks.

Aesthetic upgrades often make a home easier to sell.

When you become the oddball, the only home in the neighbourhood with four bedrooms, probably the fourth bedroom is not going to be that desirable.

4. consider cost-to-value

One way to gauge whether a home improvement project is worthwhile is to estimate how much of what you spend will be recovered at resale.

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Renovations

For example, if you spend $1000 and it only adds $500 to the resale value of your home, that upgrade is giving you a 50 per cent return on your investment.

That said, when home prices are rising fast enough, like a housing boom, it's easier to recover costs spent on home improvements, regardless of the upgrade. The alternative scenario also holds true.

5. prioritise repairs and curb appeal

Making the master bedroom bigger or converting a downstairs closet into a half-bath might seem like good investments, but not if you need to upgrade your roof or fix window seals.

Those fixes may not be aesthetic upgrades, but often make a home easier to sell.

Select finishes and appliances that don't go beyond what a buyer might find in similarly priced homes in the area.

6. consult an expert

Before moving forward on a home improvement project, consult with a real estate agent or an appraiser who knows your market.

They should be able to gauge how the upgrade could affect the sales price of your home. That can help you determine how much of your investment you're likely to recoup.

Almost all appraisers are independent and set their own fees. Real estate agents might be willing to offer their assessment for free, perhaps with the understanding that they might earn your business when it comes time to sell.

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Lighting

Illuminated

By Terry lobb

Over the years, there have been so many changes to the way we light our homes.

As a family, we grew up in farm houses where there was only one light in each room, which was usually centred.

If the ceiling was high, it was suspended; if the ceiling was low, the light fitting was usually fixed to it.

One of our houses had light fittings with pulls rather than switches and mum and dad tied a long string to the pull so we didn’t have to walk into a dark bedroom to put the light on.

We used to run, pull the light on and jump on the bed so the bogeyman didn’t grab our feet. Fun times.

We often used standard lamps as task lighting or ambient lighting. I remember grandma knitting away under the standard lamp, with the main light in the lounge on as well.

Lighting was simple and not always effective but that was how it was.

Nowadays, for homes to be lit effectively we need a variety of lighting solutions, and the general rule of thumb is that you have five different lighting types.

General lighting

This lights the area and makes it safe to move around your home.

The old single lightbulb in the room was our general lighting. task lighting

This is lighting used to complete a task. It may be the lighting over a kitchen bench that illuminates the work surface, lighting for reading or craft work. In some respects this is where the old standard lamp came in. decorative lighting

This sometimes falls into the category of general lighting but the primary objective is to look great. That visual effect when you walk into an entrance of a home and get the wow factor or lighting over a dining table or maybe a lamp. Decorative light-

ing can be anything from a simple lampshade to a stunning chandelier.

It can be dramatic or sensual. This is my favourite. accent lighting

Lighting that illuminates a feature; art piece that creates a little bit of drama perhaps. kinetic lighting

Moving light, the little lights that wink at you at night as you walk through the house when all other lights are off, or firelight and candles to create a little bit of ambience.

And within all these different types of lighting come uplights, downlights, wall washers, pendants, ceiling buttons, energy efficient, incandescent, warm whites and cool whites and so on.

My favourite is decorative lighting and, under that umbrella, you can have general lighting, task and accent, depending on how much light is released for each task.

Chandeliers, for instance, in an entrance can illuminate the whole area making it safe to move around, enter and exit the room, but they are primarily decorative.

A leadlight standard lamp falls under decorative because of its detail but it can also be task and accent lighting. The same goes for a task lamp that has a flexible stem. With a decorative ‘‘shade’’, it falls under that category, but next to a desk it becomes task lighting, behind a vase of flowers and to illuminated up the wall it becomes accent lighting, hidden but bringing attention to the vase and flowers.

Lamps are so much fun to use big and small, decorative or simple.

I love low-level lighting in the evening so the room disappears

promptly! having

Lighting

around you and you have pools of warm light in different areas creating atmosphere.

I have lamps that illuminate art from an occasional table, shooting up the wall or others behind a bowl of flowers. Hidden light behind a crystal vase filled with fresh water adds a whole new dimension to stems of flowers or foliage.

play with it and not to knock lamps over. It was only me that broke a lampshade so I had no one else to blame.

Think about the whole picture with lights at even intervals across your newly gibbed ceiling for those who are building. The older you get, the more lighting you require for everything, unfortunately.

The light just needs to be subtle to be effective — it is great reflected in a mirror and I love candlelight in a mirror as it doubles the light.

Clockwise from bottom, far left, this cute light shade would be fun in any little girl’s bedroom; right, this theatre ceiling fixture is covered in flowers and native birds; and below, this dining table light is mainly a decorative addition.

The humble lamp often gets forgotten as it is an add-on or, with small children in the house, it might just be considered a hazard and get knocked over.

Terry Lobb is an interior/kitchen designer and personal colour and style consultant who takes a holistic approach to living with colour, texture and style — email: terry@terrylobb.com; website: http:// terrylobb.com

My kids grew up with lamps and candles and they soon learned to respect a naked flame and not to

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Auctions

Selling by auction Selling your house at auction can be a scary thought for a real estate newbie, but there is little to fear from this fast-paced selling method.

However there is one important factor which has the power to make or break your sale, and this is the skill of the auctioneer.

With auction popularity on the rise there are many things to consider when deciding whether an auction is the right decision for you as a seller.

Given the competitive nature of buyers on the day, many believe that an auction is the best way to secure top dollar for your property, as buyers no longer have the power to negotiate. If they want it, they must pay the price as dictated by the other bidders.

Considering you can set your reserve price, there’s little to lose if your house doesn’t successfully sell under the hammer, other than the possibility of the costs associated with another auction.

The auctioneer will play a key role in the success of your sale, particularly in a scenario where only one or two bidders turn up on the day.

A good auctioneer will create a sense of urgency, to give buyers the impression that there is a definite end date for the sale of this home, and if they want it, they must act fast.

A good auctioneer will also play on the competitive nature of the bidders to push the bidding higher, as no-one wants to look like the lesser person in front of a crowd.

A good auctioneer will create a sense of urgency, to give buyers the impression that there is a definite sale for this home.

Considering the important part your auctioneer will play on the big day, it’s important for you to choose wisely. Firstly, it’s essential to ensure your chosen agent is competent and

qualified. Ensure you see several auctioneers in action before deciding on whom to go with. Try to select an agent with multiple successful auctions under their belt and don’t be afraid to ask them exactly what their track record is like. Ask them about their agency’s strategies to maximise the best price for your property, and choose an auctioneer with a proven track record in auctions and an excellent knowledge of the local area.

When interviewing potential auctioneers, don’t be afraid to ask them for a breakdown of how they intend to advertise your house and their personal preferences regarding the auction process.

Above all, make sure you visit an auction to see them in action. Sure their track record may indicate a high success rate for first auctions, but were the reserves set low? Did the auctioneer fight for every dollar and encourage competitive bidding?

Your auctioneer must be a master salesman with the ability to think fast on their feet, to encourage the bidding war to persist as long as

possible. A lacklustre attitude to the sale will only eventuate in a dull result for the seller.

Don’t assume that the one who charges the highest fees is going to be the best, any more than the one who charges the lowest is automatically the worst.

Don't assume that the auctioneer who charges the highest fees will be the best.

An auctioneer who receives a percentage of the sale as commission will have more of a reason to fight for a high sale price for you.

Whatever decision you make, try to enjoy the ride. It’s a process that you will likely only go through once, or a few times in your life, so learn what you can and enjoy the thrill of the sale.

Email: emmily@goodtastephotography.co.nz Find me on facebook www.facebook.com/GOOD-TASTE-Photography

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