More than 200 people attend auction of West Croydon home, sells for $1.95m
A renovated 1928 five-bedroom home in Adelaide’s west has smashed its local suburb’s sale record by an eye-watering amount. See the pictures.
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A stunning five-bedroom West Croydon home has sold for close to $2 million and smashed the suburb record by more than $300,000.
After being the most viewed property in the country this week, according to REA Group’s PropTrack Property Peview Report, around 200 people made their way to 14 Blanford St on Saturday for the much-anticipated auction.
The data showed the home, originally build in 1928 but recently renovated, was viewed 12,479 times on realestate.com.au.
The interest certainly showed.
Of the 16 registered bidders, four battled it out to claim the home, Toop & Toop agent Sally Cameron said.
But what was the final sale price, you ask? A cool $1.95m.
A young family moving from Mawson Lakes were the successful bidders, Ms Cameron said.
She noted that the sale broke the current suburb record by more than $300,000, set by herself and colleague Thomas Crawford – who also managed the Blandford St home
“The previous record was set by Thomas and myself and that was $1.62m,” Ms Cameron said.
Set on a 894 sqm allotment in a quiet tree-lined street in the sought-after suburb, a well-manicured garden and a sandstone façade greet you.
According to CoreLogic data, the current median value for the suburb sits at $791,000, up by 35.1 per cent since last year.
Inside, the home boasts contemporary finishes and a new rear addition that has maximised the living space.
Solid European oak timber floors, plantation shutters, 3.3m ceilings, a 15kw solar system and ducted airconditioning are among the other highlights of the home.
Ms Cameron said the property’s interest was a testament to its “high standard” of renovations.
“It was such a good quality, the actual renovation was of a really high standard,” she said.
“There is such a demand for houses through there, so people are actually coming in to do renovations to sell.”
Rising interest rates were not a concern for Ms Cameron, who said supply cannot meet current demand.
“In Adelaide it’s supply and demand, and we have way more demand than supply, and that’s not going to change, because the migration into South Australia has never been as good as it is at the moment,” Ms Cameron said.