Invercargill home for sale: $3.3m

A $3.3 million Invercargill property is one of the most expensive to be publicly marketed, the listing agent says.

Agent Graeme Hegan said big new ventures like proposed data centres and a potential green hydrogen plant in Southland would bring more executives south and into houses like it. ‘‘But it’s long-term locals that are normally the main buyers for this type of property.’’

The 477m2 house is on two hectares in the suburb of Waihopai. The listing calls for inquiries over $3.3m, and went public on June 23.

There had been comparative-value Invercargill properties sold behind closed doors before, Hegan said, but this was one of the highest-price public listings.

High-end properties were selling very well at the moment, though ‘‘this is another step up again’’, he said.

CoreLogic data shows that the suburb which neighbours Waihopai, Rosedale, has Invercargill’s highest median house value at $706,100. Otatara is second-highest at $693,850.

Data from QV shows that the average house price in Invercargill decreased by 2.4% during the past three months, to $486,732. However, the average Invercargill house price is up 9.6% on 12 months ago.

Hegan said the current owners of the Waihopai property were moving on to a new project. The property had five bedrooms, 41⁄2 bathrooms, a cedar-clad four-bay shed, a tennis court, a spa and a sauna.

QV says the property’s capital value is $1.59m and the land value is $270,000.

There were reportedly nine $1m houses sold in Invercargill in March, Southland Real Estate sales manager Steve Lindsay said at the time.

Seven-figure house sales of note in recent years have included a property on Dunns Rd, Otatara which sold in 2009, and a Rosedale house which then had a rateable value of $2.4m.