Once owned by the Holden family, the 1855-built home named “Warinilla”, which sits on 1915 sqm of prime land at 92 Osmond Tce, has been listed for sale with Fox Real Estate. It is being marketed without a price tag, for a hopeful sale before Christmas — expressions of interest close on December 12. If stuck for ideas, the new owners might like to make use of plans already drawn up by Flightpath Architects and approved by Norwood Payneham and St Peters Council to add a second level and an in-ground swimming pool. The owners of Warinilla House are calling for renovators to restore the iconic property to its former glory.Source:Supplied But be warned, the renovations would likely come with an additional million dollar-plus price tag, on top of the sales price. Listing agent Mark Conway said he was confident the property would sell by Tuesday next week with interest coming in strong and fast. “We’ve been getting really good inquiry and some of these people are serious players with the track record and means to bring Warinilla back to its former glory,” he said. “They are buyers who know that you need to have a realistic budget of about $1.5 million to do so and know this could be an incredible home with the right address.” Warinilla House sits on a spacious 1915 sqm block.Source:Supplied Mr Conway said the home was heritage listed, meaning it could not be pulled down. As such it was not of interest to developers, resulting in reduced land value that could work in a renovator’s favour. “Interestingly, if this property could have been sold as a development site, buyers would have to pay double because of the land value,” he said. The site has previously been touted as a potential location for a childcare centre redevelopment but Norwood Payneham and St Peters Council knocked back plans this project in September. Warinilla House oozes potential.Source:Supplied “My feeling is that it will go to a residential buyer,” Mr Conway said. Warinilla House has been vacant since SA Health last year sold the original 5500 sqm block and moved drug and alcohol rehabilitation services to Stepney. It was purchased by businessman Matthew Cooper and private developer Norwood