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The Greenhill property at 93 Yarrabee Road has been sold after just two weeks on the market. Photo: realestate.com.au
An unfinished house in Adelaide's foothills that appears to have been abandoned mid-construction has been sold for an astonishing price.
The Green Hill property at 93 Yarrabee Road sold for $775,000, just above Adelaide's median house price of $758,000, according to the latest Prop Track data.
This was an impressive result for a property whose interior was only partially completed, as CoreLogic data shows an estimated value of $635,000.
The home has three bedrooms and two bathrooms. Photo: realestate.com.au
The property remains unfinished. Photo: realestate.com.au
Apparently it was abandoned during production. Photo: realestate.com.au
Selling agent Rachel Pavli of Fox Real Estate was unable to comment on the property as its sale is subject to the direction of the Public Trustee.
However, she said in the property listing that the property offers a “once-in-a-lifetime opportunity” as it is close to the city, Burnside Village and Stirling, and offers stunning views in a quiet rural setting.
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The house is located on a lot of 2070sqm and has stunning views over Slape Gully.
Although building permits were obtained in the 1980s, the interior of the house appears to be unfinished, and the property listing states the construction status is unknown.
The floor plan shows three bedrooms, two bathrooms, one with an en suite bathroom, and an open kitchen, living and dining area at the center.
The property was being sold pursuant to the instructions of the Public Trustee. Photo: realestate.com.au
It is set in a beautiful block surrounded by bushland. Photo: realestate.com.au
You can overlook Slape Gully. Photo: realestate.com.au
The two bedrooms and main living area open onto a balcony overlooking the beautiful Sleip Gully.
The property also has a 4.8m x 4.6m carport with panel lift door.
Property records show it had been on the market for only two weeks before being captured.
Greenhills does not have a median home price because there are too few sales in the suburb to determine an exact number.
