Good Real Estate is always in demand

102 Stafford Street

There’s no denying it. When it comes to houses for sale in Gisborne NZ, the same universal truths hold firm. The golden rule of real estate, “buy the worst house in the best street” is a common belief held by many buyers and that was evident on this occasion. That’s a bit unkind on this property, but let’s say  there was room to add more value. At yesterday’s auction at 102 Stafford Street, Gisborne a crowd of 40 people gathered on the lawn of the 1910′s villa and bid strongly for this classic villa. “Buyers saw the potential in the property and were excited with the possibilities” said agent Tracy Bristow. The four week marketing programme saw over 50 parties through the property. On the day it came down to 4 bidders showing their hand. Starting low at $200,000 auctioneer Neil Walker opened the bidding and from there it quickly went to $285,000. After a brief discussion with the highest bidder and the owner on the phone, the bid was increased to $310,000 and offered to the folk gathered, before it was sold under the hammer. The owner was please with the outcome. The new owners intend to move in, renovate and restore the property to it’s former glory.