Serviceton, Victoria: Why this three-bedroom house is on the market for just $65,000
A home located on the state line and on two acres of land just hit the market for $65,000, but the new owners will have to put “some elbow grease into it.”
The three-bedroom house at 8-10 Penny Street in Serviceton, Victoria, offers ‘cheap country living’ a 16-minute drive from Bordertown in South Africa and three and a half hours from the nearest town.
The property features spacious rooms, a traditional wood-burning stove and a central bathroom, as well as a large shed and rainwater storage in the backyard.
Its most ‘striking feature’ is the 2,100 m2 plot of land on which it stands, which can be divided into two 1,000 m2 blocks if the new owner wishes to sell one..
However, with such a low price there is one important disadvantage: mainly that the functionality of the property’s utilities is ‘unknown’.
A three-bedroom house offering ‘cheap country living’ at 8-10 Penny Street in Serviceton, Victoria, has just hit the market for $65,000
The ‘most striking’ feature of the property is the 2,100m2 plot of land that is bundled together and potential buyers are encouraged to imagine its ‘potential’.
Buyers have been asked to imagine the ‘potential’ of the property rather than its current condition.
“PLEASE NOTE: This property needs some work, so if you’re a handyman and are willing to put some elbow grease into it, this might be for you,” the ad reads.
‘The condition of the electricity, plumbing and appliances is unknown and will remain that way during the settlement.’
At the back there is an entrance gate leading to the local children’s park, not far from the town’s schools and supermarkets.
Inside, the tiled kitchen offers ‘enough space for a double refrigerator and even a chest freezer’ and the bathroom has a spacious washbasin.
Several ceiling fans are also located throughout other carpeted rooms in the house to combat the sweltering heat of summer in the bushlands.
Several ceiling fans are located throughout the house, but the property’s listing warns that “some elbow grease” is required and that utilities such as gas and electricity are “untested.”
Ray White agent Hayden Obst said these drawbacks weren’t enough to drive buyers away, as it took just 90 minutes to get under contract
The estimated calculation for weekly home loan payments over 30 years is just $311 for first home buyers and Ray White agent Hayden Obst said buyer interest has been high from the start.
It took just 90 minutes for the house to go under contract after it was listed and Mr Obst claims he is still receiving offers in case the original contract falls through.
He told 7News that offers are coming in from buyers across the country and investment groups keen to snap it up.
The house has not been occupied for twelve months, but the real estate agent assured that it is ‘livable as it is’.