Stoic buyer snatches up Aussie property with 'risk of injury' for $40,000

A dilapidated property has fetched $40,000 from a stoic buyer, after a campaign that urged potential buyers to do their own “due diligence”.

The property at 31 Commercial Road in the rural town of Lillimur in Victoria had an asking price of $49,000 and requires a “mammoth amount of repair”, the listing says.

Pricefinder data shows the home was snatched up just shy of price hopes on January 10.

31 Commercial Road, Lillimur, Victoria
See photos of the listing here

SOLD - $40,000

31 Commercial Road, Lillimur VIC 3420

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Listed by Westech Real Estate, the two-bedroom, one-bathroom property was formerly the Old Lillimur Post Office and Courthouse and it is one of Australia’s cheapest houses on the market.

Agents Joanne Perkins and Sophie Pritchard have been very honest in the listing, warning potential buyers that they “accept no liability” for those who view the property on their own volition, as there is a risk of injury “if care is not taken”.

The exterior needs major work with rotting wood, termite damage and broken windows, and the interiors aren’t any better.

Walls feature copious amounts of graffiti with “offensive language” blurred out in the photos by the agents, as well as loose floorboards and lone bricks.

The property is also uninhabitable in its current state with no kitchen or bathroom. There is also no power.

However, with its long and rich history, a restoration could be on the cards.

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