Not a project for the faint hearted, a renovator’s delight in Birkenhead sold well above expectations at auction on the weekend.
Advertised with a price guide of $225,000, the deceased estate villa attracted nine registered bidders and ended up going for $290,000.
Selling agent Monica Furniss, of Harcourts Aqua, said she was surprised at the result, despite the property attracting plenty of interest during its three-week auction campaign.
It was SA’s most-viewed property set for auction last week on realetate.com.au, and Ms Furniss said she got about 20 people to each of its opens.
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“I expected it would sell in the mid $200s – it was obviously one of those things,” she said.
“It was fast bidding – it got down to $1000 increments and in the end and there were four to five active bidders.”
Mr Furness said the property was a rare find, being in near-original condition from more than 100 years ago.
“You don’t often come across a property like this – this is maybe the second one I’ve had,” she said
“It wasn’t for everybody – it really needed a lot of work.”
She understood the previous owner had purchased the property in the 1960s but not done much to it.
“Not much had happened since 1910,” Ms Furniss said
“The rear of the property had a kitchen with a little stove from about the 1950s or 60s and not much else.
“The bathroom had an original claw foot bath.
“The facade didn’t have a lick of paint on it.”
Ms Furniss said many buyers – including first home buyers – came through the home at opens but quickly decided the scale of the renovation project was beyond them.
Rebuilding on the site was also potentially difficult.
“Zoning wise it was somewhat restricted because of the cement works across the road — it could only be demolished if the property had come to the end of its working life, and this one was borderline,” she said.
Yet the home still had plenty of character and potential for those with the money and time to spend on a transformation — and it certainly seemed to have captured people’s imaginations.
Ms Furniss said some of its drawcards included pressed metal ceilings in very good condition in four of the rooms.
It also had a bullnose veranda, floorboards, fireplaces, timber mantles, large rooms, high ceilings and sash windows.
The home had been rewired and also had instant gas hot water.
The location was another major drawcard, Ms Furniss said.
“It was so close to Semaphore and Port Adelaide you could walk to either location.”
She understood the buyer planned to renovate over time.
Birkenhead sits just over 20km northwest of Adelaide’s CBD in the Port Adelaide Enfield council area. and has a median house price of $412,000, according to CoreLogic.