CHRIS SKELTON/Stuff
No home styling was done before this Sockburn property went on the market.
The real estate agent did not mince words: “This property is about as rough as it gets.”
Unlike many houses presented to the market, the three-bedroom home in the Christchurch suburb of Sockburn was not elegantly styled for the real estate photos.
The yard was strewn with car tyres, steel drums, broken gates, bedding, scraps of carpet underlay and the burned remains from what appears to have been a garage fire.
Out front sat the twisted remains of a vinyl swimming pool. It did not look inviting.
READ MORE:
* The most-viewed property listings that are defying the housing market shift
* Downsizing but upgrading: From a 250sqm, two-storey 1880s villa to a new build half the size
* More than 500 first-home buyers may owe more than houses worth, CoreLogic says
The finishing touch was strips of tape criss-crossing the entrance bearing the words: “Danger Keep Out.”
The house was recently seized by the Crown under the Criminal Proceeds (Recovery) Act 2009 from owner Fei He, a local dairy proprietor, who was jailed in 2019 after she admitted running a $4 million drug network selling synthetic cannabis.
The Crown then put the modest three-bedroom brick and tile house up for sale.
CHRIS SKELTON/Stuff
The pool in the front yard had seen better days.
“I have to say, the property was in the worst state of disrepair of anything I’ve sold in 16 years of real estate,” Harcourts agent Foss Shanahan said.
Shanahan’s auction advertisement gave prospective buyers ample warning: “What do I say here – to be honest I’m struggling for words!”
It continued: “I certainly won’t be going on about how beautiful it is or the indoor/outdoor flow … The reality is this property is about as rough as it gets.”
Admittedly, the property has redevelopment potential.
It is also handily located near a main road, bus route, shops, schools and Riccarton Racecourse.
Its council rating valuation, set in 2019, is $450,000.
At auction last week, the seized home attracted nine bidders.
CHRIS SKELTON/Stuff
Tyres, drums, and broken gates litter the yard of the Sockburn house.
A property developer made the top bid, paying $465,000 when the hammer fell.
Shanahan said the sale would be a relief for the neighbourhood.
“The neighbours have probably been wondering for a while what was happening.”
Also seized by the Crown in the He case were properties in Ilam and Sydenham, worth $700,000 and $410,000 respectively, and a Mini Cooper car which has been sold for $18,000.
Alden Williams/Stuff
Fei He pictured outside her dairy in 2016.
‘As rough as it gets’: Drug boss’s decrepit house sold at auction & Latest News Update
‘As rough as it gets’: Drug boss’s decrepit house sold at auction & More Live News
All this news that I have made and shared for you people, you will like it very much and in it we keep bringing topics for you people like every time so that you keep getting news information like trending topics and you It is our goal to be able to get
all kinds of news without going through us so that we can reach you the latest and best news for free so that you can move ahead further by getting the information of that news together with you. Later on, we will continue
to give information about more today world news update types of latest news through posts on our website so that you always keep moving forward in that news and whatever kind of information will be there, it will definitely be conveyed to you people.
‘As rough as it gets’: Drug boss’s decrepit house sold at auction & More News Today
All this news that I have brought up to you or will be the most different and best news that you people are not going to get anywhere, along with the information Trending News, Breaking News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this made available to all of you so that you are always connected with the news, stay ahead in the matter and keep getting today news all types of news for free till today so that you can get the news by getting it. Always take two steps forward
Credit Goes To News Website – This Original Content Owner News Website . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links