PHOTO: A slice of of Kiwi history for sale: 345 Te Kouma Road, in Coromandel, sits on a 5148sqm waterfront site. Photo / Supplied
According to ONEROOF Te Kouma’s famous “pink bach” is the first property to come up for sale in a coveted waterfront spot in the Coromandel in a decade.
The quintessential two-bedroom property at 345 Te Kouma Road, near Coromandel Town, is set on a large 5148sqm section and will transport the new owners back to their childhood holidays with its retro feel complete with bright chequered tiles and blue walls.
Richardson’s Real Estate salesperson Kim Radick is unsure of the property’s age because it pre-dates council’s records, but said it was an absolute classic split over two titles.
“It will make people smile. You will look at it and go, ‘oh my goodness, that’s cool’. That’s what it’s all about – that nostalgia, for want of a better term, of remembering the Kiwi baches.”
The bach has been in the same family for 62 years and is commonly known as the pink bach by locals because it has been that colour for as long as they can remember.
While the property has a quirky charm, Radick expects its “absolutely phenomenal” location – at the far end of the bay surrounded by bush and just across the road from the popular boating and safe swimming beach – will be the major drawcard.
“Location, location – that’s what it comes down to at the end of the day. That’s where the dollars are going to be.”
The bach sits about a third of the way up the section in an elevated position with stunning northerly views over the Coromandel and out to the Hauraki Gulf, Whanganui Island and the nearby Hannaford’s jetty.
The property offers potential for redevelopment, but Radick thinks the next owner may just want to use it as a family holiday home initially.
The last open market sale in Te Kouma’s tightly-held waterfront location, known as Heards Bay, was in November 2013 when a property sold for $925,000.
“Te Kouma speaks for itself. People know it. It’s very, very popular with the boating fraternity from Auckland.”
Radick said it was too early to give a price indication for the property that is being sold by deadline next month, adding it would be significantly higher than the outdated RV of $740,000.
“Most properties aren’t selling for anywhere near their lower RVs now.”
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