Buyers promised a bargain
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Save This Tauranga house is below rateable value. Photo / Supplied
Colin Downs has a home in Bethlehem, Tauranga, that was worth between $800,000 and $900,000 last Christmas.
He'll now take $750,000, $10,000 less than the rateable value for the four-bedroom home, if he can get it.
"I'm at the point now that if I sold the house for any less
I would be losing money," he says. "It's the buy of the week and it's a beautiful home!"
He says he couldn't build the house again for the same price as building materials had since gone up, so someone will get a bargain.
