The following article was featured on Stuff.co.nz, view the original here
Two of the most-viewed heritage properties in Wellington have been sold at tender, including the “flipped” railway cottage in Ngaio that has undergone a full renovation.
The cottage, in Ngata St, was a hot property back in April despite its very dilapidated condition. Back then, the property received ten offers at tender, eight from “flippers”, one of whom was successful. Nic Patterson of BK Patterson Builders paid $650,000 for the cottage.
And now, with a dramatic renovation, it has been sold again at tender for “a little under $1.3 million”. Offers were invited over $1.195 million.
The cottage was in hot demand back in April when it featured on Stuff. It was bought by builder Nic Patterson, who could instantly see the potential. Photo: Collective
After: Extensive renovations. Photo: Tommy’s
Listing agent Sam Newble of Tommy’s Real Estate Wellington, who listed the property with Alice O’Styke, said the buyer lives locally. “A lot of people came through the house, including many neighbours who were comparing renovations of their railway cottages. We must have met half the neighbourhood.”
At the time of listing, Patterson said he knew he was getting a “good one”. “A lot of tradies got to the site and said, ‘Holy crap, look at all the work’, but I could see something right from the start.
The house was beautifully presented for sale. The floors are hardwood. Photo: Tommy’s
There is now open-plan living and an easy flow to the outdoors. Photo: Tommy’s
“I love these properties that require absolutely everything. The redwood cladding had no paint left on it, but was in good order. It wasn’t rotten. We replaced the roof, but the piles were still sound. It wasn’t things that had failed, more a lack of maintenance.”
The renovation completely transformed the interior as well, and the whole house was re-plumbed, re-wired, re-lined and insulated throughout. Other appealing attributes included a car space, large section, and a park across the road.