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Dominico Zapata / THINGS
The interior of Greenslade Rd, Raglan, bach has been relatively unchanged for decades.
A Raglan property that was last sold in pre-decimal days for £ 45 has sold for more than a million dollars at auction.
And the new owners of the beachfront property say they want to restore the old fibrolite-lined bach so that new generations can enjoy its charms.
The Greenslade Rd bach sale generated a lot of interest from outside the region, but it was eventually bought by a Waikato buyer at an auction Wednesday.
Dominico Zapata / THINGS
The bach sold for $ 1.26 million at auction. The new owners plan to restore the bach and build a new home.
Respected astronomer Allan Bryce bought the property in 1943 for £ 45, roughly half the price he paid for a telescope (£ 75) the previous year.
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Bryce’s daughter, Bessie Amner, was among the family members who attended the auction.
Sue Hall, a Lodge realtor, said Amner and his family were delighted with the new owners’ plans for the property.
Dominico Zapata / Things
Greenslade Rd bach overlooks Raglan’s Lorenzen Bay.
“Buyers will keep the existing home and will also build a new property,” Hall said.
“I think it’s great that they keep the original home and bring it up to 2020 standards. They love the heritage of the building.”
The bach, which dates back to the 1940s, is one of four buildings in the 2,226-square-meter section and boasts expansive views of Lorenzen Bay.
Hall said the new owners wanted to make the property a “generational home.”
“It’s a fantastic purchase for them and it’s great that it’s going to be used by different generations, children and grandchildren.”
Dominico Zapata / THINGS
The new owners “love the heritage” of the bach from the 1940s.
Hall was not surprised by the purchase price, having predicted that the bach would sell for more than $ 1 million.
“I guess it shows how much pressure there is in the Raglan market,” he said.
The median sale price in Raglan is now $ 735,000.
RNZ
Real estate agents are accused of adding fuel to the red-hot real estate market by manipulating so-called “estimated prices” on websites.
Speaking earlier, Amner’s son Lindsay Amner said that the views from the bach deck always wowed visitors.
“Most of the trees on the property were planted by my grandfather, so you have ripe kauri, tōtara, pōhutukawa, mānuka, and pūriri.”
