A first-home buyer fought off strong bidding at auction from investors and other home buyers to snag a no-fuss family house near Adelaide’s city centre for $920,000.
Sitting on a prized corner spot in the fast-growing suburb of Klemzig, the auction attracted a staggering 21 registered bidders and six active bidders on auction day.
The property: The three-bedroom, one-bathroom house at 17 Dianne Street, Klemzig sold at auction for $920,000 on 31 January 2026.
The solid-brick home offered dual living zones and a functional 1980s vintage kitchen, as well as ducted air conditioning and plenty of storage.
The three-bedroom house at 17 Dianne Street sits on a 418 sqm corner block. Picture: realestate.com.au/sold
Suburb snapshot: Klemzig is six kilometres from the city, moments away from the O-Bahn Busway and stitched together by Linear Park's leafy trail.
The median price for a three-bedroom house in Klemzig is $951,000, as of January 2026, according to PropTrack data.
The median house price in Klemzig has risen 12.8% in the past 12 months to $970,000, while units have jumped 10.5% to $500,500.
Damien Willis of OC Real Estate says the auction attracted spirited bidding. Picture: Supplied
Selling agent Damien Willis of OC Real Estate oversaw the campaign, and spoke to realestate.com.au about the stellar auction result.
What was the most interesting thing about this sale?
This property sits in a sweet spot. It's only about six kilometres from the city and it’s a solid brick home in need of renovation.
It’s something younger buyers could move straight into but still have scope to do work to it because it hadn't been renovated.
The home has dual living zones including a casual meals zone and lounge. Picture: realestate.com.au/sold
It opened itself up to people who were looking for a property that they could knock down and build. It also opened itself up to investors who saw its potential because the home was neat and tidy and on a corner. We also had downsizers looking at it because it had already been subdivided and was very low maintenance.
How did the auction go?
The price guide was about $750,000 and there were about 20 to 25 bids. The successful buyer opened the bidding and closed the bidding, so they were the first to bid and the last.
The functional 1980s vintage kitchen is a blast from the past. Picture: realestate.com.au/sold
The successful buyer said they had been looking for about 12 or 18 months and had missed out on other homes. They really liked this one and had visited the property on more than one occasion.
Were you surprised by the result?
Yes, when I sat down with the family to assess the property, we didn't have any expectations that it would reach that level. There didn't appear to be other properties like it that had sold in the area and got to that price, hence why the vendors set their price expectations where they did.
How long was the property on the market for?
It was a three-week campaign.
What type of buyers did you see during the campaign?
We had over 100 groups look at the property during the course of the campaign, and it was quite a mix. We had investors and downsizers, but the majority of buyers would have been investors or young first-home buyers.
The home sold under the hammer for $920,000. Picture: realestate.com.au/sold
Predictions for the area?
Klemzig is proving to be quite popular. The proximity to the city is one of the things that is a real attraction for the area. It’s only about six kilometres from the city, and it's near the O-Bahn Busway, so it’s quite popular in terms of ease of access into the city and public transport.
It has a broad undercover outdoor area, storage shed and side-road access via the rear. Picture: realestate.com.au/sold
The proximity to the River Torrens is also a key attraction that people really love. A lot of the homes in that area are solid brick and were developed in the 1960s and ‘70s, when solid brick homes were obviously the fashion. A lot of those homes still remain, however a lot of them are being bought and subdivided, with newer homes being built in the area.
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