Aldinga Beach home ravaged by fire sells within two weeks of hitting the market

The Aldinga Beach property at 30 Ratcliffe Rd was destroyed in two fires last year. Picture: realestate.com.au

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Nothing but rubble remains of an Aldinga Beach home ravaged by two suspicious house fires last year.

But the burned down property at 30 Ratcliffe Rd still managed to fire up buyers when it was listed for sale in late February, going under offer for an undisclosed sale price in less than two weeks.

According to real estate data, the property has a current site value of $235,000, while its capital value prior to the fires had been estimated at $405,000 – $242,500 less than the current suburb median house price.

The damaged didn’t deter househunters though – the property sold within two weeks of hitting the market. Picture: realestate.com.au

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The property had been listed for sale by The Professionals Aldinga and Seaford, with selling agent John McGarry describing the property as the ideal “roll up your sleeves” project.

“(It’s a) fantastic opportunity to secure this large level allotment of approximately 720sq m with a frontage of 18.2m,” the sales advertisement on realestate.com.au reads.

“Perfect for redevelopment or subdivision (and only) minutes to the waters of Aldinga Beach and close to all shopping, medical facilities, schools and public transport.

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“Some work required to clear the site of an existing fire damaged building.”

According to a media release issued by the Country Fire Service on May 31 last year, a 1986 ranch-style home on Ratcliffe Rd was destroyed after two separate house fires engulfed the property only two days apart.

Both house fires were treated as suspicious, with the CFS estimating the total loss at $300,000.

There’s quite a bit to clean up before anything is done with the property … Picture: realestate.com.au

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“Approximately 25 firefighters and five trucks were able to get the flames under control quickly, saving the shed at the back of the property,” the statement read.

Residents were not home due to previous damage when the fire broke out.

“The incident is being considered suspicious and fire cause investigators have been called to the scene.”

Aldinga Beach is a popular day trip destination less than an hour’s drive from Adelaide.

According to PropTrack, it has a median house price of $647,500, up 10.3 per cent at the same time last year.

The suburb is becoming increasingly popular with Millennial buyers (aged 30 to 39) who account for 14.6 per cent of residents, followed by Generation X (aged 40 to 49) at 13.02 per cent.

Mr McGarry and the owners were contacted for comment.