1930’s Christchurch bungalow attracts whopping 30 offers

A modernised 1930’s bungalow has sold for NZ$472,500 after attracting a whopping 30 offers at 113 Randolph Street (above) in Woolston as the Christchurch market remained red-hot.

Ray White Ferrymead Principal/Company Auctioneer Craig Prier said over the past few weeks his office had seen unprecedented demand and interest in properties around the local area.

“The demand for property right now is so high that it feels like it’s the end of financial year sales every week – buyers are just flocking to purchase their next home,” Mr Prier said.

“30 offers for one property is astonishing. Unfortunately, only one person could be the eventual buyer, meaning 29 pre-approved buyers are back doing the open home rounds, and given the sale price, approximately NZ$12,000,000 is left on the table.