Only a decade ago, spray-painting a wall could have seen you fronting up at court; today it could add thousands of dollars to your property portfolio.
Case in point is this two-level, sub-penthouse at 37D/17 Eden St, Adelaide which is drawing much interest among Gen Y buyers and those young-at-heart.
It is listed for sale with City Realty Adelaide and has an asking price of $585,000 to $595,000.
Used as a part-time Air-BnB, the three-bedroom home’s drawcard is a huge, two-storey wall mural by local artist Rolo Tony.
A second mural is also found in one of the three bedrooms, and was inspired by Banksy’s ‘raining’ colour.
Selling agent Andrew Downing of City Realty Adelaide said the colourful home was inspired by the owner’s love for street art.
“He couldn’t find a converted warehouse, so this was the next best thing,” he said.
“The owner has done an industrial theme throughout. There’s open pipe work, the home has been rendered to give it a concrete look. So the graffiti plays in with that.
“That said, it’s certainly not what you’d see in a normal home. It’s something you’d find on the wall of a commercial building, but that what he was going for.”
The spacious CBD apartment sits on the fourth floor of the Windsor Apartments.
It comprises three bedrooms, a central lounge, a dining zone and a modern kitchen with wraparound bar and modern stainless steel appliances.
While the funky and modern interior might leave some to assume the property was owned by someone in his twenties, Mr Downing said the vendor was in his fifties.
“It’s definitely a very interesting property and is attracting a variety of buyers of all ages,” he said.
“There are some people who have come through just to have a look, to get an idea of what they can do with their own property, but there’s been a fair view inquiries from genuine buyers.
“It’s great property, because for this price point, it’s probably the largest apartment in the CBD with an internal living space of around 190sqm. That’s bigger than some houses.”