A renovated character home is set to prove itself a hotly contested proposition for buyers when it heads to auction later this month.

Located in Adelaide’s tightly-held inner-west which has seen price growth of almost 45 per cent over the past five years, the three-bedroom residence at 1 Ross St, is expected to sell upwards of $1.4 when it goes under the hammer, likely setting a new residential sales record for the suburb.

MORE NEWS

Iconic Barossa Hill House BnB looking for its next custodian

Inside Martin Hamilton-Smith’s restored Hills mansion

Multiple buyers line up to snare future returns on Lewiston home

1 Ross St, Thebarton. Pic: realestate.com.au

---

1 Ross St, Thebarton. Pic: realestate.com.au

---

1 Ross St, Thebarton. Pic: realestate.com.au

---

1 Ross St, Thebarton. Pic: realestate.com.au

---

Owned and treasured by the same family for close to 20 years, selling agent Thanasi Mantopoulos of LJ Hooker Mile End/Woodville said buyer interest in the property was diverse with around 40 groups attending the first open on the weekend.

“Properties like this one come up maybe once a year, so when they do, they are very popular with buyers and that’s what’s driving up prices,” he said.

“In that time, prices will move up five to 10 per cent, so people are paying $50,000 to $100,000 more than they would have the year prior.

“So buyers know that the sooner they can get their hands on a property in Thebarton or the inner-west, the better for them in terms of price, which is why we see such a demand when properties like this one do come to the market.

“As a result, we had interest from buyers looking to upsize, investors but also from people that are interstate.”

1 Ross St, Thebarton. Pic: realestate.com.au

---

1 Ross St, Thebarton. Pic: realestate.com.au

---

1 Ross St, Thebarton. Pic: realestate.com.au

---

1 Ross St, Thebarton. Pic: realestate.com.au

---

Situated on a landscaped 613sq m block, Mantopoulos said the home underwent an extensive renovation in 2017, with its Nordic, Japanese and mid-century inspired interior seeing the home featured in the Architectural Digest, Dezeen, Dwell, and The Local Project.

“It comes with very nicely manicured gardens and everything is completely custom throughout, which you don’t see very often.” he said.

“It’s definitely been renovated for people to live in and enjoy, rather than being renovated to sell and I think that makes this home extra special.”

Painted in light, modern tones throughout, the home centres around an open-plan living, dining and kitchen space that opens out to an all-weather pergola and carefully crafted gardens.

Meanwhile, the master bedroom, located at the front of the home, is defined by its retro ensuite, while bedrooms two and three sit adjacent to a second lounge area that could also double as a study.

Outside, a second paved outdoor entertaining area will delight, as will three raised, galvanised veggie beds, a chicken coop and a garden gym, yoga or hobby room.

Thebarton has a median house price of $870,000, according to PropTrack.The property will head to auction on May 11 at 10am.