Choose your neighbours - buy a street
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.’’