Kāinga Ora to sell its most valuable state house
RNZ
Kāinga Ora will sell its most valuable state house, worth over $3 million.
The villa at 18 Trinity Street sits on the edge of Ponsonby and Herne Bay, two of Auckland’s richest suburbs, is on a 619 square metre section and has a ratings valuation of $3.15 million.
Kāinga Ora chief executive Matt Crockett said the sale would be used to fund maintenance and new housing.
“We can’t justify holding onto such a valuable house in one of Auckland’s most affluent suburbs when selling it allows us to build or upgrade more state homes where they’re needed most,” he said in a statement.
“Half of our state houses are more than 50 years old – they’re costly to maintain, need significant upgrades, and often no longer suit our tenants’ needs. Being a responsible asset manager means improving or replacing these ageing homes.”
The villa was 102 years old and Crockett said it required frequent repairs.
“Instead of continuing to fund its upkeep, Kāinga Ora will redirect the proceeds from its sale into new homes that are the right size, healthy, and in the right locations,” he said.
Crockett said the current tenant had already been moved to another home.
Its only needs all that work because it’s been a rental and with Kianga ora has never had tender loving care.
If you could move it to another space without some wanky council demanding you basically rebuild it, the house would make a great addition.
They will smash it up.
Plenty of great villas around like that, although not in the rich boys’ playgrounds anymore.
Will it be sold to the Iwi at a highly reduced price?
Sold? Sold! You racist. It should be gifted!
Another bargain for JTs empire
almost certainly. Ngtai whatua
Unless some elderly Maori lady who raised a family who had moved out and lives in it all by herself, it will see very quickly. Then it will probably be removed and 6 ‘houses’ will be placed on the site. If the fore mentioned Maori lady lives there, it will be off to the Waitangi tribunal who will say her rights are being denied under te triti somewhere, and grant her the house for her whanau to live in perpetuity, with government still responsible for upkeep.