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RAY WHITE This property in Te Atatu has watertight issues, but was sold recently by Ray White. The buyer, who works in construction, has moved in with flatties, but has long-term plans to demolish the house and rebuild. As the median price of property escalates every month, buyers could be forgiven for thinking that buying a leaky home might be a way to get ahead on the property ladder. The price of the property would still be comparatively low, and, eventually, once the house has been reclad, you would have an “as-new” house that would benefit more from any increase in median prices.

RAY WHITE Potential buyers to the castle are not permitted to enter without the listing agent present, due to health and safety concerns. Redway says the decision to sell has not been taken lightly: “They were so passionate about their vision.” Because of the state of the building, and health and safety concerns, potential buyers must be accompanied by the listing agent when they view the property. Not that it has stopped visitors. Redway says they had 70 people turn up for the first open home last weekend. “Some people were just there to have a look, but some were serious.”