Peter Kiritsis sells million-dollar Adelaide home as grandfather gifts it to grandkids

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An Adelaide grandfather has set a new standard for grandparent gifts by purchasing a 1960s-built home for his grandchildren at auction. The property, located at 96 Gage St, Firle, sold under the hammer for $1.275 million earlier this month, with over a dozen bidders vying for the corner-block residence, according to selling agent Peter Kiritsis of Ray White Woodville, realestate.com.au has reported.

A local buyer, a mature gentleman, purchased the home for his family, aiming to secure their future. “He was saying his kids and grandkids would benefit from this home. They are very fortunate to have someone like him,” Kiritsis added.

“It was a great auction. We had 11 registered bidders, and it was the same family that had owned the property since it was built in the 1960s,” Kiritsis said.

The home’s vibrant 1970s-era wallpaper was a highlight for many buyers during the campaign. The four-bedroom house, adorned with lively-colored wallpaper, left many in awe as soon as they entered.

Mr Kiritsis add the home would have been “state of the art” when it was decorated in the early seventies.

“So it was really interesting just getting people’s reaction when they walked in,” he said. “When little kids were coming in, they’d take two steps inside and their mouths would just drop and they were like, `where am I? What is this place?’ … so there’s no question, this was a very special home to sell.”

Source: realestate.com.au

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