A junk-filled 1900s cottage in need of a long list of repairs sold for just $65,000 in October, marking the cheapest home sale of the month.
Data from realestate.com.au has revealed the cheapest property sales across the country last month, with 'bargains' to be found in every state.
The property was sold as is with all debris in the yard. Picture: realestate.com.au/sold
From old church buildings, to highset timber homes, to ‘eyesores’ of the street, these homes were bought for a tiny fraction of the national median home price of $858,000 - but there's a reason for it. They aren't for the faint of heart.
Here's a look inside some of Australia’s cheapest properties to change hands in October.
NSW: Cash sale for Australia’s cheapest home
With a home builder as father, the young first-home buyer of 301 Patton Street, Broken Hill will need his expertise given the sorry state of this cottage.
Sold under the hammer for $65,000, the two bedroom, one bathroom double brick home has been sold a couple of times during the past decade according to sales agent Clifford Wren from Ray White Rural.
The Broken Hill property sold for $65K. Picture: realestate.com.au/sold
Up there in the “worst house” category, Mr Wren said he has previously sold it three times prior.
The vendor had purchased it sight unseen and when he finally saw it in person, he realised the repair work was too much to take on.
“The previous owner before that, he had it leased out and managed it privately, and ultimately the tenants ran it into the ground,” Mr Wren said.
“It's been vacant, sitting idle for probably a good part of maybe four or five years.”
It was the cheapest sale across Australia in October. Picture: realestate.com.au/sold
Despite three registered bidders, the first homebuyer was the sole bidder at auction, with the home selling at its reserve price.
“Obviously, with its condition, people weren't able to borrow money against it because it wouldn't come up with a building inspection - banks wouldn't touch it,” Mr Wren said.
“So it really had to be a cash buyer.”
VIC: Former church snapped up for $70K
With the rather apt listing titled, ‘Faith will guide you home,’ 4 Murphys Road, Walpeup sold for $70,000, ranking as the second cheapest home across the country in October - and the cheapest in Victoria.
The former church was sold for $70K. Picture: realestate.com.au/sold
Set on a 2150sqm landholding in a small rural town, the former Uniting Church features gothic windows, cathedral ceilings, a small kitchenette, as well as an open-plan area.
It came with a disclaimer that the building was not connected to mains water and has no septic system but there is a public toilet and shower next door.
Open plan living. Picture: realestate.com.au/sold
The listing highlighted the building had scope to be converted into a residence, or could be transformed for a business opportunity, pending planning approvals.
TAS: Eyesore with charming cottage potential
Tasmania’s cheapest house sale was a “complete shell” and a “bit of an eyesore in the street” according to its sales agent, Rodney Triffett from Harcourts West Coast.
A charming shell. Picture: realestate.com.au/sold
Selling for $80,000, 9 Brown Street, Queenstown was sold to owners who seem genuine in putting in the work to bring it back to a decent standard, Mr Triffett said.
“There was a lot of interest in the property and not having too many internal photos, most people asked for those photos,” he said.
“But as soon as they’d seen the inside, they kind of got scared off which is understandable - it’s not a property that's for the faint of heart, it's definitely a big project.”
One of the few images included in the listing. Picture: realestate.com.au/sold
The 1920s-built three bedroom cottage was set on a 818sqm block, which also included several outbuildings including a garage and shed.
NT: Cheapest home in the top end
A three bedroom, one bathroom elevated home was the Northern Territory’s cheapest sale, selling for $100,000.
Sold for $100K. Picture: realestate.com.au/sold
Advertised as in need of a “visionary touch,” 41 Millar Terrace, Pine Creek featured vinyl flooring throughout the bedrooms and a front deck set on an 832sqm block.
QLD: Timber home in high demand
Buyer interest was high in securing this two bedroom highset timber home in the rural Queensland town of Charleville.
The stilt home was sold as part of a receiver sale for $95K. Picture: realestate.com.au/sold
Part of a market receiver sale, 164 Galatea Street sold for $95,000 - $10,000 over its asking price.
Sales agent Marc McKellar from Nutrien Harcourts said the new owners plan to use it for investment purposes.
SA: Character home close to the main street
This humble 1950s character home finally sold in October for $170,000 after many previous sales contracts fell through, according to sales agent Melanie Elliott from Robin Hood Real Estate.
This home could do with a lick of paint, but is liveable now. Picture: realestate.com.au/sold
Set on a 996sqm block, 11 Fourth Street, Cleve was described as a “relatively blank canvas” featuring a new kitchen and an open plan living area.
WA: Townhouse in the Goldfields
A low maintenance townhouse in WA’s Goldfields was the state’s cheapest sale of the month at $138,000.
The townhouse is leased at $280 per week. Picture: realestate.com.au/sold
Located at 14/3 Hakes Street, Kambalda West, the property featured an updated kitchen, two bedrooms, one bathroom and a courtyard.
ACT: Luxury living in the nation’s capital
A one bedroom, one bathroom apartment with sweeping views and five star amenities was the ACT’s cheapest property to change hands in October, selling for $296,000.
With modern interiors and amenities, the unit sits in Canberra's far north. Picture: realestate.com.au/sold
Located at 310/1 Anthony Rolfe Avenue, Gungahlin, the apartment featured 51sqm of living space incorporating an open plan kitchen, dining, and lounge area.
Residents can also make use of barbeque areas, an infinity pool and a gym and fitness centre - giving the buyer a "luxurious lifestyle at an unbeatable price" according to the listing. Strata fees were listed at $1,587 per quarter.
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