Developers pay $5.145 million for house in Lower Hutt
A single-storey brick home has set a record sale price of $5.145 million in Lower Hutt.
The four-bedroom 1920s house on Waterloo Rd in Hutt Central sits on 2227 square metres of land.
One of last large sections that were once common In the city, it is one of many properties acquired by developers following a recent district plan change which opened the floodgates for housing intensification. It had been in the same family for nearly 100 years.
The sale eclipsed the previous record of $4.60m for a residential property set by a house in Boulcott’s Military Rd last year.
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