The Rewards Of Holding Long Term

Bought for £100, tipped to fetch $900k

5 Jun 20, 2014

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Original toilet still there in sisters’ century-old home

Family member Ian Squire at the house owned by sisters Rehutai Gundry, 90, and Fay Gundry, 88. Photo / Dean Purcell
A tiny, almost untouched 100-year-old cottage with its original toilet and bath still under the house will likely sell for close to $1 million, despite needing a major renovation.

Sisters Rehutai Gundry, 90, and Fay Gundry, 88, lived at the two-bedroom home all their lives until recently moving into a resthome.
Their brother Ian Squire, who is selling the 80sq m property at 66 Palmerston Rd, said they are thought to have been one of the first Maori families in the Birkenhead Point area.

link:
http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11277615

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