October 23, 2021

davidaddy

taste in choosing a house

quirky Panorama household snapped up less than the hammer

2 min read

It does not look like your typical suburban household – which is partly what created it so hotly contested at auction on the weekend.

The Panorama home at 12 Moriane Avenue has a quirky, curvy design and style, creating it stand out from its neighbours.

Harris Real Estate agent Marco Wenzel said coupled with its sought-immediately after location and 702sqm block sizing, the four-bedroom residence’s special model produced it preferred between househunters.

“We had a complete of 101 groups via the assets and we ultimately experienced seven registered bidders, so I’d recommend that was a honest auction,” stated Mr Wenzel, who bought the home with Sophie Minimal

“It was hotly contested with various people wanting to both rebuild or renovate.”

The residence, which has been owned by the very same household considering that it was crafted in 1958, fetched $530,000 underneath the hammer – just in excess of its $510,000 advertised value.

“The new proprietors are on the lookout to renovate,” Mr Wenzel claimed.

“They’re a younger couple upsizing into a renovation prospect.”

House documents exhibit the house was on the current market for 20 days ahead of it was snapped up.

According to realestate.com.au knowledge, final 7 days it was the most considered household home throughout South Australia heading to auction on the weekend.

Mr Wenzel reported it experienced been sitting down empty for 35 a long time, with the inside left untouched the total time.

It’s characterised by patterned wallpaper, ornate mild fixtures and splashes of colour, specifically in the kitchen.

“It’s straight out of the Jetsons, that’s the come to feel that it’s received,” Mr Wenzel reported.

“It’s a incredibly quirky assets, totally primary on the within.”

Mr Wenzel reported it was mostly househunters intrigued in the property as it could not be subdivided for enhancement.

CoreLogic preliminary auction facts displays it was one of 75 houses to go below the hammer last 7 days, recording a 77.8 per cent clearance rate.

The variety of properties auctioned is down on the figure recorded at the similar time previous 12 months (117) but the clearance price is better (54.1 per cent).

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