Adelaide’s prized metro coastline has a brand new waterfront listing – and it’s a $1.9m knockdown.
Booth Real Estate’s Jamie Brown has just listed a deceased estate at 219 Lady Gowrie Dr, Largs Bay – on the market with an auction price guide of $1.9m – and said the property, which has been held by the same owners for the past 59 years, was an incredible offering.
“It’s been in the one family for a long time,” Mr Brown said.
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“It’s quite charming in a way, but it’s obviously a knockdown eventually because the money’s really coming through that whole section of coastline.
“It’s going to go well and everyone’s been trying to buy off them for years.”
![](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
219 Lady Gowrie Dr, Largs Bay. Supplied
The home’s original lounge room. Supplied
The untouched kitchen. Supplied
Presented in original condition, the home has three-bedrooms, one bathroom and all of the character charm of its 1962 construction.
But its real appeal, Mr Brown says, it what it sits on – a 620sqm allotment with a 14.32m frontage.
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“You could put one home on there up to a maximum of two storeys, and that’s what I would be expecting people would be looking to do here,” Mr Brown said.
“Land through there’s $3000/sqm-plus through there and Tennyson, Grange and Henley Beach is up to $5000 or even $6000/sqm.
“It’s all about your land and as you go up and down there you don’t find many shacks anymore – I call that a bit of a shack – there’s not many shacks left on our metropolitan coast.”
One of the home’s three bedrooms. Supplied
Check out the original carpet. Supplied
The spacious rear yard. Supplied
Another look at the rear yard. Supplied
The property is set to be auctioned on July 5 and Mr Brown said he expected strong interest.
“It’s early days but it’s getting very hard to secure beachfront land on these metropolitan beaches, and this is an opportunity for people who have been priced out of the beachfront at Henley, Tennyson, Grange and Somerton Park to get in on the beachfront at a very good value entry point,” Mr Brown said.
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Mr Brown said Largs was a fantastic location and offered almost a “country” lifestyle.
“Largs is fantastic because it’s right at the end of that Lefevre Peninsula,” he said.
“It’s very quiet – it’s like the dead end of the metropolitan coast really.
Largs Bay’s idyllic foreshore. Supplied
The beach at Largs Bay. Supplied
“Largs has really evolved over the last five or ten years – it’s just fantastic with the Norfolk Pines, and the beach gets wider as you go further north.
“You get a lot more sand dune as you go further north and you get more of that country feel about it.”
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