An eco-friendly home has raised the bar for its city fringe suburb by almost $600,000 following its auction.
The three-bedroom Thebarton house at 26 Light Tce was snapped up for $2.235m under the hammer at the weekend.
The sale eclipses the suburb’s previous residential sale price record by $595,000.
Property records show the previous benchmark was set by the property at 1 Ross St when it sold for $1.64m in June 2024.
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26 Light Tce, Thebarton.
26 Light Tce, Thebarton.
26 Light Tce, Thebarton.
There are a couple of properties that have sold for higher prices but they included more than one title, property records show.
Ray White Adelaide City director Andrew Downing said five prospective buyers registered to bid at auction, four of which did bid, while “half of Thebarton” attended to watch it unfold.
“Besides half of Thebarton coming to have a look, the interested buyers were nearly all downsizers,” he said.
“The people who bought it were upsizers though.
“I think it was just the quality of the build that attracted people and it was a passive home as well, so a really eco-friendly property.
“Nothing had been spared on the build.”
Mr Downing said the vendor and her late husband loved the original home that stood on the block when they purchased it in 2017 but it needed a lot of work and it had several issues, including asbestos and salt damp, so decided to knock it down instead.
“They loved the original house and had every intention of restoring it but … no one really wanted to touch it,” he said.
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26 Light Tce, Thebarton.
26 Light Tce, Thebarton.
26 Light Tce, Thebarton.
26 Light Tce, Thebarton.
“It’s a completely brand new build.
“They designed this house together … and then he unfortunately passed away so he missed the completion.”
Mr Downing said the vendor went ahead with the build to honour all the hard work she and her husband had done.
While modern throughout, he said they reproduced the facade of the previous home because they loved it so much.
As the property’s sale smashed the suburb’s previous record, Mr Downing said it would give other homeowners in the area confidence.
“I think this will give people a lot of confidence to spend in Thebarton,” he said.
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