Househunters are lining up to get their hands on an uninhabitable Elizabeth East home that has been destroyed by fire.
The 1960s-built house at 114 Halsey Rd still stands but much of its interior has been reduced to ash and rubble, with most of its ceiling caved in.
Selling agent Sadeq Al-Khalidi, of Belle Property Mawson Lakes, said the property’s interstate owner decided to cut his losses and sell once it was determined it wasn’t liveable anymore.
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The Elizabeth East house at 114 Halsey Rd is attracting buyers in droves.
It was destroyed in a fire so is in poor condition.
Much of its interior has been reduced to ash and rubble.
Its burnt state isn’t deterring buyers though, with many already signing up to make an offer for it at auction next month.
If anything, Mr Al-Khalidi said it was attracting more prospective buyers because people thought they could get it at a bargain price.
“We’ve had a lot of inquiries from people who want to buy,” he said.
“It’s been appealing to buyers because of the land size and the location – it’s got a good land size so it’s a very good investment opportunity.
“So far we’ve got five or six registered bidders.
“We’re expecting a good sale price for the vendor.”
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The home has been deemed uninhabitable.
The property comes as is so the buyers will have a big job on their hands.
The property is appealing to buyers because of its large block size.
The three-bedroom house is on a 1156sqm block in an area that’s close to schools, including Elizabeth East Primary and Playford International College, Lyell McEwin Hospital, and major shopping centres at Elizabeth and Munno Para.
Mr Al-Khalidi said prospective buyers had expressed interest in bulldozing it and redeveloping the site, either for one house or multiple after subdividing, or renovating it.
According to property records, the residence last sold in September 2022 for $513,000.
It will go under the hammer at noon on July 11 without a price guide but Mr Al-Khalidi said it must be sold.
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