Derelict rural Victorian home sells for $110,000

The Leitchville weatherboard house on the property is in “a state of complete disrepair”, according to its online listing. A sprawling rural Victorian block that’s home to a derelict weatherboard house has changed hands for a bargain $110,000. The 2.32ha property is about a three-minute drive from the small town of Leitchville, 17km south east of Cohuna and 262km north west of Melbourne. Its sold figure is rather more affordable than regional Victoria’s $634,000 median house price, according to realestate.com.au. RELATED: Regional Victorian property market defies crash as prices surge in key towns Historic Vic Goldfields school and fire-ravaged home listed Regional Victoria: No longer an affordable escape from city rents Nutrien Harcourts’ Tanya Harvey said two bidders competed for the “calm and tranquil” address at 159 McDonalds Rd when it went under the hammer on Friday. Although the house passed in before hitting its $110,000 reserve, it sold soon afterwards following negotiations with the highest bidder. Ms Harvey said the buyer, a local, was planning to keep cows and calves on the site and potentially look at building a house in the future. Leitchville is 17km from Cohuna and ...