PHOTO: CHRIS MCKEEN – Russell Coutts owns this Whangaparoa property.
Homes.co.nz has run the numbers on properties around the country to determine how much homeowners have made in capital gains.
It found that five properties had handed their owners a wealth boost of more than $10m, based on their most recent sales price compared to an estimate of what they would sell for now.
Coutts’ property at 78 Tindalls Bay Rd in Whangaparaoa sold for $2.3m in 2012 and is now estimated at $14.5m. It is worth significantly more than its neighbours, which are valued at $2m or $3m.
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