Sold for $2.3 million in five hours | Innovation Tech

JUST five hours was all it took for a multimillion-dollar house in blue chip Medindie to sell at its full asking price.

The sandstone Queen Anne villa at 9 Tennyson St was under contract following its first open and met the price guide of $2.3 million, says selling agent Cheryl Wilson, of Pink Real Estate.

It was coincidently South Australia’s highest seller of last week, according to CoreLogic.

“The second person who walked through the door at the first open bought it,” Ms Wilson says.

“We had a contract on it that afternoon. The buyer walked through the house at 11am and it was a done deal at 4pm. These people just loved it, it had ‘wow’ factor.

“I had six offers on it within a few days and about 80 people come through in 10 days.”

The result shocked Ms Wilson.

“I thought it would take about six to eight weeks,” she says.

Ms Wilson says the five-bedroom home with some 550sqm of living space and set on a 1050sqm block, appealed to professional couples with children.

“It was well laid out, it was very comfortable, very big and with plenty of off-street parking,” she says.

“And it was in a prestigious location, you could walk to North Adelaide, it had a very appealing street appeal, it was like the Hamptons style.

“It was sought-after by people who wanted to be close to the city, shops, good quality schools.”

Ms Wilson says there was “absolutely” strong demand for homes of this type and price in the Adelaide market.

“People like the character homes,” she says.

“I had lots of inquires and multiple offers. There is strong demand, especially where they’re in the right school zones, that is a big thing. This one had Walkerville Primary, St Andrews and all the city schools.”

Built in 2007, the home had five bedrooms, large living areas, two bathrooms, off-street parking for eight vehicles, and a large alfresco entertainment space off the open-plan kitchen, dining and living area.

A second level built into the roof-line featured a self-contained guest suite with a lounge, a bedroom and a bathroom.



Ms Wilson says the home seamlessly blended modern conveniences with character and charm, and included 3.6m ceilings throughout, ornate cornices, ceiling roses and silk curtains.

The home also had ducted reverse-cycle airconditioning, jarrah flooring, CCTV, ducted vacuum and a 10.8kW solar system with a 9.8kW lithium-ion backup battery.

“There was nothing hidden, what you see is what you get,” Ms Wilson says.