Water­front home sells for $2.2m

Rotorua Daily Post - - Front Page -

and a long clear line of sight tend to be valu­able ev­ery­where,” he said.

How­ever, Vaughan said there was lim­ited hous­ing stock that fit­ted that cri­te­ria, which led to higher prices.

“Ar­chi­tec­ture and de­sign is al­most sec­ondary to that, with po­si­tion more im­por­tant to the up­per end of the mar­ket than the ac­tual house.”

Vaughan said de­vel­op­ment po­ten­tial was the other fac­tor driv­ing higher prices.

“The abil­ity to put up sev­eral town­houses or an apart­ment block on a site that cur­rently houses just one home would in­crease that prop­erty’s value.”

PHO­TOS / SUP­PLIED

Aca­cia Rd Houses on Aca­cia Rd, State High­way 30 and Mokoia Rd were in the top five of the most ex­pen­sive homes sold in Ro­torua and all were water­front prop­er­ties. State High­way 30 Mokoia Rd

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