Rotorua property aiming to fetch more than $3m at auction

Matt Ralm hopes to fetch more than $3m for his Lake Ōkareka home. Photo / Ben Fraser

Mathew Ralm is disappointed he has to sell his Lake Ōkareka home but the market is right.

Ralm is moving to Hamilton for work so he's selling the house and hoping to get about $3 million at auction next month.

Matt Ralm hopes to fetch more than $3m for his Lake Ōkareka home. Photo / Ben Fraser

Ralm said he had spent a lot renovating the property.

"We probably went over our budget three or four times. But we wanted to do the property to a high standard."

The changes included a new kitchen, tiles, outdoor lighting and a 250sq m deck.

The Lake Ōkareka property. Photo/Supplied

Ralm said the house was "practically new" after 18 months of renovations.

"It's done to an extremely high standard. We're really proud of work we've done on the home and it's a shame we're selling.

The Lake Ōkareka property. Photo/Supplied

"It's a phenomenal home."

Ralm wasn't surprised to hear a lot of the sales over $1m had been around Rotorua lakes.

"We're really lucky to have the lakes. It doesn't feel like you live in Rotorua out here.

"We bought because we wanted a beautiful home on the lake."

The Lake Ōkareka property. Photo/Supplied

The house is being auctioned on September 12 and Ralm said he decided on an auction to draw serious buyers in.

The Lake Ōkareka property. Photo/Supplied

Ray White agent Summah Martin is selling the property and said it spoke for itself.

"The location is just incredible."