This 610sq m empty section in Fendalton attracted a lot of heat at auction last week. The sale price is all the more remarkable because when the Daresbury Lane property changed hands in 2019 it had a two-storey four-bedroom house on it. "Land values have moved so much in the last year and that's why the sale price was more without the house than with the house," he said. Photo: SuppliedThe sale price worked out to be $3000 per sqm, a definite high for the suburb, Heazlewood said. The Perry Street property, which has a rateable value of $680,000, sold for just over $1m.

Source: Otago Daily Times September 01, 2021 20:03 UTC