KiwiBuild at Pegasus

A reader was curious about Kiwibuild at Pegasus in North Canterbury so went for a drive to check it out and he has shared his observations and photos with us.

It is obvious from the photos that a metre of the section down either side of the home is the only space for children to play and a pet to exercise. There is NO front yard, NO backyard, and NO BBQ’ing going on here.

They are listed on Trade Me for $499k (listing #2158028082)  

For comparison, a friends 3 bed, 2 bath, brick & tile house, opposite the school, with a large family-friendly section, has remained unsold at offers over $470k for 9 months. 

We were quite shocked at just how awful they were. If being opposite a “lake” (man-made pond) is their only up-side, but it’s far from enough imo.

What do you think readers? Are they affordable homes for the target market of first home buyers? Do you think that they represent value for money? Would you buy one?