Choose your neigh­bours - buy a street

Kapi-Mana News - - FRONT PAGE - VIR­GINIA FAL­LON

If you can’t af­ford your very own is­land, don’t de­spair, you could buy your own street.

Four of the six houses in a Porirua cul-de-sac are up for sale, mak­ing it a per­fect buy for bud­ding drum­mers or peo­ple who dis­like nosey neigh­bours.

While the Devon St sale gives buy­ers the chance to choose their neigh­bours, it marks an end­ing for Kay Hood, who once owned 80 per cent of the street.

‘‘I would have liked to have bought the sixth one, that’s the only eye­sore,’’ she said.

Over 20 years, Hood and hus­band Peter bought five houses on the street, and she wishes the last one never got away.

‘‘We bought them off Hous­ing Corp and I did ap­proach them for the last one, but we never got it.’’

She sold one home to its ten­ants a few years ago and had hoped to do the same with the oth­ers, but is now sell­ing them en masse.

‘‘We’re go­ing to go ski­ing and spend the chil­dren’s in­her­i­tance.’’

The four homes, all com­prised of two three-bed­room flats, each have an RV of $330,000.

Sales in Can­nons Creek have slowed in re­cent months. Last year the sub­urb was touted as New Zealand’s top hot-spot for in­vestors, but QV Homevalue man­ager David Corn­ford said that was no longer the case.

How­ever, al­though it had seen less value growth than other parts of Porirua, it was still an at­trac­tive op­tion due to its cheaper prices, he said.

Porirua Deputy Mayor Izzy Ford said she would like to see first-home buy­ers pick­ing up the prop­er­ties, but re­alised in­vestors were in­ter­ested in the area.

‘‘It’s prob­a­bly one of the last ar­eas in Welling­ton with af­ford­able homes for fam­i­lies start­ing out.’’

Real es­tate agent Vicky Alexan­der said it was the first time she had so many prop­er­ties to sell in one place.

‘‘The hous­ing is af­ford­able here, so the area is al­ways go­ing to be vi­brant be­cause it’s en­try level.’’

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