A Christchurch property formerly used by the Head Hunters gang was snapped up at auction yesterday for $378,000 - well below its RV of $500,000.
The house on Vickerys Road, in Wigram, was listed for sale on OneRoof earlier this month after it was forfeited to the Crown in 2022.
At the time, the news of the forfeiture came as a relief to locals, who claimed to have endured menacing looks and loud motorbikes.
The property was taken over by Head Hunters in 2016, after being previously occupied by the Epitaph Riders gang.
Start your property search
It was seized by the courts on the grounds that Christchurch-based members and associates of Head Hunters were involved in the sale of methamphetamine.
Discover more:
- Tiny town's pub saved - 'if we closed it, where would we drink?'
- Tony Alexander: Buyers are back but don't expect a frenzy
- Mansion that's too dangerous to go inside finally sells
The 900sqm corner property was sold "as is where is" at Ray White Metro's auction on Tuesday and had been pitched at "savvy investors and developers alike".
The fully fenced property is situated right across the road from Vickerys Reserve and close to Riccarton High School, with the listing on OneRoof declaring it to be a “prime prospect”.
"Interested parties are urged to act quickly to capitalise on this fantastic development opportunity."
Listing photos showed only the exterior of the large three-bedroom, one-bathroom property. The grounds were with strewn with broken bottles, appliances, rubbish and furniture. Although not shown on the listing photos, the Head Hunters gang insignia on the gates had been removed.
The corner property was sold as a development opportunity. Photo / Supplied
The grounds were strewn with rubbish. No photos of the interior of the three-bedroom house were made public. Photo / Supplied
Thirty-three bids were made on the property at the auction, with the property being declared on the market at $365,000 after some negotiations. Buyers, some of whom were in the auction room, continued to tussle, pushing the final sale up an extra $13,000.
OneRoof records show the property last changed hands in 2011 for $259,00. According to the latest OneRoof house price figures, the average property value in Wigram is $865,000.
- Click here to find more properties for sale in Christchurch
