Offering a stunning pool and outdoor setting, a family home in Dernancourt attracted plenty of buyers to its open inspections but failed to attract a single bid at its auction on the weekend.
Not concerned, selling agent Jacob Lanning of LJ Hooker St Peters is confident the home at 9 Tristania Tce will sell quickly as there are several buyer “waiting in the wings” who were unable to bid under the hammer.
The three-bedroom home on 705sqm was marketed in print and online platforms with a price guide of $460,000.
It was the second most-viewed property going to auction last week in all of Australia on realestate.com.au and Mr Lanning said the auction marketing campaign quickly drew-out buyers.
Realestate.com.au’s most popular auction property of last week was in Melrose Park. Read more on that one HERE.
“We had 90 groups through — that’s crazy,” he said. “It was first and second home buyers- all people upsizing.”
“I though we would get at least a couple of people (bidding) but that’s OK — there were no registered bidders on the day.”
Mr Lanning said tighter bank lending restrictions were impacting the buying market’s ability to make unconditional offers at auction.
But, regardless, the sales method was a great way to drum up strong interest in a property, with a view to selling quickly.
“It brings everyone out,” he said, adding he had already had phone calls from potential buyers wanting to make post-auction offers.
“My task for this afternoon is to try and call all those 90 people (who attended the opens), Mr Lanning said on Monday.
He conducted a strong pre-auction marketing campaign, advertising the home in print, in Messenger Community News, The Advertiser, and online, including on realetate.com.au.
Some buyers had even indicated the level of interest at the home’s opens was putting them off attending the auction, as they thought the house would go for more than it was worth, he said.
Pool aside, Mr Lanning said the 1950-home was in perfectly liveable condition but could benefit from future upgrades.
He said buyers appreciated the green garden and alfresco living area, as well as the location itself.
“The location is quite good there,” he said. “The road is tree-lined and it’s close to the Linear Park and the Obahn interchange.
“Dernancourt has been an up-and-coming suburb — it’s had strong price growth.”
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According to CoreLogic, house prices in Dernancourt rose 19.5 per cent over the past five years to $478,000 — higher than the Adelaide-wide increase of 17.3 per cent.
The property includes a front bedroom with a feature bay window, a study and multiple living areas including a rumpus, a living room and an open-plan kitchen/dining area.
It is now being advertised for sale by private treaty, with a $450,000 to $475,000 price tag.