The villa is a century old.
Photo: RNZ / Marika Khabazi
Kāinga Ora will sell its most valuable state house, worth over $3 million.
The villa at 18 Trinity Street sits on the edge of Ponsonby and Herne Bay, two of Auckland’s richest suburbs, is on a 619 square metre section and has a ratings valuation of $3.15 million.
Kāinga Ora chief executive Matt Crockett said the sale would be used to fund maintenance and new housing.
“We can’t justify holding onto such a valuable house in one of Auckland’s most affluent suburbs when selling it allows us to build or upgrade more state homes where they’re needed most,” he said in a statement.
“Half of our state houses are more than 50 years old – they’re costly to maintain, need significant upgrades, and often no longer suit our tenants’ needs. Being a responsible asset manager means improving or replacing these ageing homes.”
File photo. Kāinga Ora CEO Matt Crockett (right, with Housing Minister Chris Bishop) said the sale would be used to fund maintenance and new housing.
Photo: RNZ/ Marika Khabazi
The villa was 102 years old and Crockett said it required frequent repairs.
“Instead of continuing to fund its upkeep, Kāinga Ora will redirect the proceeds from its sale into new homes that are the right size, healthy, and in the right locations,” he said.
Crockett said the current tenant had already been moved to another home.
Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday