quirky Panorama home snapped up less than the hammer

Rick Magliano

It doesn’t look like your typical suburban house – which is partly what built it so hotly contested at auction on the weekend.

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

Harris Real Estate agent Marco Wenzel stated coupled with its sought-after site and 702sqm block dimensions, the 4-bedroom residence’s distinctive fashion produced it preferred amongst househunters.

“We experienced a full of 101 groups through the property and we ultimately had 7 registered bidders, so I’d propose that was a good auction,” claimed Mr Wenzel, who sold the home with Sophie Minimal

“It was hotly contested with numerous individuals wanting to both rebuild or renovate.”

The residence, which has been owned by the similar spouse and children given that it was developed in 1958, fetched $530,000 underneath the hammer – just around its $510,000 marketed cost.

“The new house owners are hunting to renovate,” Mr Wenzel said.

“They’re a youthful few upsizing into a renovation opportunity.”

Assets information exhibit the property was on the industry for 20 days before it was snapped up.

In accordance to realestate.com.au knowledge, last week it was the most considered household house throughout South Australia heading to auction on the weekend.

Mr Wenzel claimed it experienced been sitting empty for 35 yrs, with the inside left untouched the total time.

It is characterised by patterned wallpaper, ornate gentle fixtures and splashes of color, significantly in the kitchen area.

“It’s straight out of the Jetsons, that’s the come to feel that it is bought,” Mr Wenzel explained.

“It’s a quite quirky property, totally initial on the inside.”

Mr Wenzel said it was generally househunters fascinated in the property as it couldn’t be subdivided for improvement.

CoreLogic preliminary auction information displays it was 1 of 75 qualities to go less than the hammer previous 7 days, recording a 77.8 per cent clearance charge.

The variety of attributes auctioned is down on the determine recorded at the identical time final calendar year (117) but the clearance charge is bigger (54.1 for each cent).

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