The former family home of acclaimed SA botanist and OAM recipient Darrell Kraehenbuehl is set for a major makeover after it sold well above its price guide at auction.
The renovator’s delight at 8 Ravensthorpe Ave attracted five registered bidders at its auction on Saturday and sold for $790,000 – $30,000 above its advertised price guide of $760,000.
Selling agent Joanna Manolakos of Ouwens Casserly Real Estate said the property – which had been in the Kraehenbuehl family for more than 50 years – sold to a local businessman who plans to restore the home to its former glory.
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“All of the buyers we attracted wanted to renovate it and just pour their heart and soul in to it,” she said.
“But in the end it sold to a local businessman who has big plans for it – so it’s a bit like watch this space from here on in.
“Bidding started at $750,000 and the auction was over within minutes. It was pretty fast as it was a pretty hot day.
“Everyone was really happy with the result, including the (Kraehenbuehl’s) kids who are pleased the home will be renovated.”
Set on an 828sqm block, the home featured three bedrooms, one bathroom, a kitchen, a formal living room with a fireplace, a second family room, and a rear sleep-out or study.
Outside, a separate studio could be updated to create an appealing retreat, while a large backyard offered scope for an extension.
Kraehenbuehl’s daughter Raelene Murphy, said the home held many fond memories and was sold to settle her father’s deceased estate.
Kraehenbuehl died in August last year, age 84 after spending almost a lifetime campaigning to protect native flora.
“My parents bought the home over 50 years ago. Back then, in its hay days, it was a beautiful home and dad actually had a mini golf course in the backyard,” Ms Murphy said.
“My parents are both deceased now but would have loved to see the home brought back to its original glory,” she said.
Millwood is located 4km from Adelaide’s CBD and has a median house price of $1.097 million.