Twelve Christchurch City Council-owned residential sections near the Heathcote River have been listed for sale on TradeMe at fixed prices ranging from $20,000 to $35,000.
There is a catch though. The riverside properties have been cleared of buildings and come with a covenant that prevents any new structures from being built on them.
The properties were all bought by the Council because they were eligible under its Flood Intervention Policy. Rebuilding on them is prohibited because they are in a High Flood Hazard Management Area in the District Plan.
The Council does not require the properties for flood management purposes and has no future plans for them, so it is selling them off.
It has already sold eight other riverside properties by tender, with most of them being bought by neighbouring properties owners keen to expand their gardens.
The remaining 12 are now being offered for sale at fixed prices. The properties have all been listed on TradeMe.