Matthew Paternoster<\/a> of Williams Real Estate.<\/p>\n![\"\"](\"data:image\/svg+xml,%3Csvg)
<\/p>\n
A kitchen reno would be high on the eventual buyer’s to-do list… Picture: realestate.com.au\/buy<\/p>\n
In fact, the chance to buy an untouched property that\u2019s ready for a fresh start is part of the appeal, he said.<\/p>\n
\u201cWe’ve had pretty strong enquiry since it was launched online,\u201d he said.<\/p>\n
\u201cA lot of buyers have been attracted by the price guide and the opportunity to make it something really quite special.\u201d<\/p>\n
<\/p>\n
…closely followed by a bathroom makeover. Picture: realestate.com.au\/buy<\/p>\n
Mr Paternoster said the sale was on behalf of the South Australian public trustee, which was overseeing the estate of the owner.<\/p>\n
\u201cIt was occupied until recently,\u201d he said. \u201cIt had an incredible collection of antiques, a trove of treasures, a library worth of books in what was the bedroom.\u201d<\/p>\n
Most of the enquiry had been from \u201cseasoned professionals\u201d looking to rejuvenate the old property, Mr Paternoster said.<\/p>\n
<\/p>\n
A custom library setup in the bedroom once housed the owner’s set of antique books. Picture: realestate.com.au\/buy<\/p>\n
\u201cWe\u2019ve also had people looking to do a quick renovation to hold for the short term before a bigger renovation later,\u201d he said.<\/p>\n
\u201cThis really is a blank canvas to make it what they want.\u201d<\/p>\n
A big part of the property\u2019s appeal was in its location in the southeast corner of the Adelaide CBD, Mr Paternoster said.<\/p>\n
<\/p>\n
The back garden could do with a trim. Picture: realestate.com.au\/buy<\/p>\n
\u201cWe call it the \u2018Paris\u2019 end of the city, being nice and close to Victoria Park,\u201d he said. \u201cFinding an opportunity like this in the Paris end is quite rare.\u201d<\/p>\n
Mr Paternoster said a full renovation could turn the rundown property into a fantastic city pad.<\/p>\n
\u201cI’ve sold a lot like this that have been renovated and had the love given to them,\u201d he said.\u00a0<\/p>\n
\u201cI can certainly see the vision of what this property can be transformed into.\u201d<\/p>\n
<\/p>\n
There’s a house in there somewhere. Picture: realestate.com.au\/buy<\/p>\n
Despite high interest rates and construction costs, Mr Paternoster said there was still a healthy appetite for well-located renovation projects in Adelaide.<\/p>\n
\u201cThere’s definitely still confidence from renovators, flippers and developers at the moment,\u201d he said.<\/p>\n
The property goes to auction on Friday 3 July.<\/p>\n","protected":false},"excerpt":{"rendered":"It only has one bedroom and has seen better days, but that hasn\u2019t deterred bargain hunters from trying…\n","protected":false},"author":2,"featured_media":749338,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":["post-749337","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/749337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=749337"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/749337\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/749338"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=749337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=749337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=749337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}