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The Banksia Park home at 15 Coulls Rd sold at the weekend.
An empty and damaged home with a TikTok following that was offered to househunters who “aren’t afraid to roll up their sleeves” has been snapped up.
The Banksia Park property at 15 Coulls Rd sold for $730,000 at auction on Saturday, after five years of being left vacant.
It is a well-known home in the community – once for all the right reasons but now for all the wrong ones.
It was an impressive two-storey Henley Homes residence when it was built in 1998 and then became known for having one of the best gardens in Tea Tree Gully.
But decades of neglect left it in desperate need of “a lot of TLC”, according to selling agent Peter Brown, of LJ Hooker.
It was snapped up for $730,000, property records show.
The home has significant damage inside.
The home was vacant for several years before it sold.
It has termite and water damage, parts of the ceiling are missing in some rooms and general maintenance has been deferred for years.
It also has a TikTok following as an “abandoned” Adelaide home, with video footage showing people walking through its interior strewn with furniture and other belongings.
Mr Brown said six prospective buyers registered to bid for the four-bedroom property, which was secured by a family of builders.
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“They’re excited to tackle this project and bring it back to its former glory,” he said.
Prior to auction, Mr Brown said some prospective buyers had shown interest but many weren’t willing to take on all the work it needed.
“This property is certainly not for the faint-hearted,” he said.
“It’s not five years of neglect, it’s about 20 years of neglect.
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The property has gained a following on TikTok. Picture: TikTok.
Footage shows the interior of the home before it was cleaned up. Picture: TikTok.
A lot of work was done to clean it all up. Picture: TikTok.
“We’ve had a heap of interest but it’s not just a lick of paint and carpet, it’s a full renovation that’s needed.
“If this didn’t have the termite damage – and we don’t know the extent of it – I think we’d have a yard full of buyers.”
According to property records, the home last sold for $287,000 in April 2001.