My Account
The earth was officially broken this month for what is said to be the first residential development in Paparoa since the town was settled by Abertlanders in 1863.
The Paparoa Community Charitable Trust has awarded the contract to build the Twin Streams subdivision to local firm Huband Contractors and construction work has begun.
Trust chairman Graham Taylor says the purpose of the project is to provide small parcels of land to give seniors living in Paparoa the opportunity to downsize.
He says five years ago, the trust was aiming to build a full retirement village but realised that it didn’t have the resources to build and operate it.
Instead, the trust has taken on the role of developer and is selling 14 land parcels of around 500sqm with a communal wastewater system, as well as 15 lifestyle sections.
Graham says 14 of the 29 lots have already been sold, even though the site is currently just a paddock.
He says it is a unique retirement option that provides downsizers with a title on the land instead of just a right to occupy like a conventional retirement village.
He says the trust is run as a not-for-profit organisation by volunteers who have worked for the benefit of the community.
First National Kaipara real estate agent Jill Wilson says the retirement land parcels start at $140,000 and a retiree selling their family home in Warkworth could easily be left with a substantial sum of money even after building on the lot.
She points to prefabricated homes built by Advance Build in Warkworth, which sell from $195,000 including delivery to Kaipara.
