An iconic Hahndorf cottage, offered to the market for the first time in 180 years, has sold under the hammer to an overseas buyer who contacted the agent just hours before the auction.
The state heritage listed cottage and wooden barn at 23 Victoria St, sold following negotiations after a single bid of $650,000 that “wiped everyone out” says selling agent David Parkins, of Ray White Mount Barker.
“There were nine registered bidders and one active bidder,” he said.
“That one person wiped everyone out.
“We had plenty of people interested, but south of that price.
“If it was completely done and there was nothing to do, you could name your price.
“It would have sold to someone interstate, a retired CEO who would have thrown the kitchen sink at it.”
While Mr Parkins would not disclose the final sale price, he said the property sold under auction conditions following some negotiation and an amendment of the reserve price.
A buyer’s agent acting on behalf of an overseas purchaser was the successful bidder.
As Mr Parkins understands it, the purchaser, who first inquired about the property just four hours before the auction, intends to renovate and restore the property and live in it.
“That was the first we’d heard of the buyer,” he said.
“A buyer’s agent participated on behalf of an overseas purchaser.”
Built during early German settlement, the 1.1ha property, which features a four-bedroom stone house, a barn and other outbuildings, plus the original smokehouse, became home to the Schneemilch family in the 1840s. See our original story here.
Mr Parkins said there was plenty of interest in the property, which was in need of extensive upgrading, during its three-week auction campaign.
“Mostly families who were local to the area, not too far away, a couple of builders,” he said.
“It was a lot of people looking for their 20-year family home.
“Most people didn’t want it as a flip. There was one couple who were looking at turning it into a museum.”
Meanwhile, CoreLogic data shows there were 22 auctions held across South Australia last week with a clearance rate of 42.9 per cent.
This compares to 47 auctions at the same time last year and a clearance rate of 39.5 per cent.