Pooraka property bought seven decades ago for 100 pounds fetches eye-watering sum

Lindsay Burgess got the Father’s Day present of a lifetime when the property he bought for 100 pounds more than seven decades ago sold for an eye-watering figure.

The 89 Quinlivan Rd, Pooraka property, which was auctioned by Damian Macolino, sold for $1.265m, after attracting a massive 29 registered bidders.

Bidding opened at $1m before settling at its sold price, with selling agent Vince Tropepe of Ray White Prospect saying the majority of its interest was split between two camps.

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“You can develop it in the future, so it did attract a lot of developer interest, and the other half was made up of predominantly buyers of Indian and Afghan backgrounds,” he said.

89 Quinlivan Rd, Pooraka. Supplied

The home’s kitchen. Supplied

And a light-filled living area. Supplied

“They just wanted a big house and this was a five-bedroom home that could be converted to four with a big room out the back.

“In the end it went to a local that lives down the road and I think he’s just bought it to secure a property for his kids – he’s got two boys that will probably have some say on what happens to it in the next five to ten years and they might do something with it. Who knows?”

Mr Tropepe said both the buyer and seller were over the moon.

“It’s a great outcome for both of them.”

Lindsay and Rosemary Burgess at their Pooraka home. Picture: Tim Joy

Mr Burgess, 86 paid 100 pounds for the land at age 14 in 1953, and he and his wife Rosemary, 87, built a home on it in 1964.

“When we came here it was just dirt roads, but a lot has happened since then,” Mr Burgess said.

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“There have been a lot of houses go up in recent years and a lot of really big changes.

“We love it here, the only reason we’re moving is because we’re moving into a retirement village in Walkley Heights, and that will be good because we’ll still be able to go to the same shops we always have.

An old photo of Lindsay and Rosemary Burgess’ Pooraka home. Picture: Tim Joy.

One of the home’s bedrooms. Supplied

The dining room. Supplied

And the spacious rear yard. Supplied

Mr Burgess said before the auction, if the home sells on Sunday it would be a great Father’s Day present for him, and he joked he hoped to get more than the 100 pounds he bought it for.

“Hopefully it will go really well for us.”

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