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    The four-bedroom, one-bathroom home at 4 Gordon Road, Kudla is on 12.5 acres and was sold by Ray White Golden Grove principal Darren Pratt for $5,627,500 on Friday (9 January).

    Mr Pratt said a developer bought the property, which was positioned in the high-growth precinct of Kudla.

    On site there is a circa-1900s home requiring a full renovation, with the potential to restore or rebuild, or reimagine (subject to council conditions).

    The property also has a three-road frontage.

    “The area is highly sought after for its large allotments, horse-friendly zoning, and strong demand driven by ongoing residential expansion.,” Mr Pratt said.

    “With convenient access to shopping centres, schools, and recreational amenities, the location supports both lifestyle appeal and long-term capital growth.”

    Mr Pratt said there had been a lot of interest in the lead up to the auction.

    In a two to three week period, he received 87 inquiries about the property, owned by two friends from Adelaide.

    “You could see the power of an online auction today,” Mr Pratt said.

    “Bidding started slowly, we had nine registered bidders and all nine were bidding.

    “Even when we got close to the reserve price one of the bidders did $500 bids. We had one bidder do a $25,000 bid and then another would do $25,500, another did a $50,000 bid and another $100,000 bid, it was really interesting and there was a lot of engagement!

    “At one stage we had a bidder on the phone and they jumped in an elevator but they could keep bidding as they were online and in the end were the successful purchaser.”

    Mr Pratt said the owners were two friends from Adelaide who bought the property together and watched the online auction unfold, and were very happy with the outcome.

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