The Semaphore property at 12 Hall St sold under the hammer for more than $2.5m at the weekend.
A historic beachside home that attracted more eyes than any other around the country last week has been snapped up in a multimillion-dollar deal.
The century-old Semaphore property at 12 Hall St sold for $2.525m at a highly-anticipated auction on the weekend.
Remaining untouched since it was divided into four flats under one roof in the 1940s, the dated and rundown house with several bathrooms and kitchens was popular among househunters keen to renovate.
It was the most viewed property in the country on realestate.com.au – by a long shot – in the week leading up to auction day.
It was the most viewed property in the country on realestate.com.au last week.
It was split into four flats under the one roof in the 1940s.
While dated and rundown today, it still proved popular.
Selling agent Kate Smith, of Ray White Semaphore, said its appeal was evident, with more than 100 prospective buyers inspecting the five-bedroom home throughout its two-and-a-half week campaign and 10 registering to bid on the day.
“It was one of the best auctions I’ve ever had,” Ms Smith said.
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“It needed a lot of work but it’s in a very good location – Hall St is one of the most prestigious in Semaphore.
“It had retained a majority of its original character so it allows the buyers to renovate how they want it.”
It has several kitchens, bathrooms, living areas and bedrooms.
Most of its character has been retained.
The buyers plan to renovate the property.
Ms Smith said the house can’t be bulldozed as its in a conservation area where historic properties are retained but the buyers were keen to revitalise it.
“It will make for a very impressive home when they renovate it,” she said.
On a 702sqm block and a short walk to the beach, Ms Smith said it attracted mostly mature buyers with a desire to restore it to its former glory.
“I feel that for young families who have kids, they don’t want to renovate,” she said.
“They would have looked at that and thought, ‘good spot but I don’t want to renovate’.”
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