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Derelict house sells for more than $480k above reserve

  The sale marks a new price record for the street, which property records show was previously set by the house at No. 19 when it sold for $1.609 million in 2019. Bidding kicked off at $1.4 million, with 25 prospective buyers registered to vie for the house s keys. Mr Seach, who described the house as completely derelict when it hit the market, said its location in one of Adelaide s most sought-after suburbs made it particularly appealing to househunters, but the dilapidated state of it likely put a few off. Ripped up carpets, stained and cracked walls, and junk strewn across every room characterise the home s current state.

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