Tassie house listed for bargain price of 'offers over $20,000' is snapped up within a day

September 24, 2019

It’s a classic “renovate or detonate” situation – a one-bedroom home in Queenstown, in Tasmania’s west, in pressing need of some TLC.

The listing called for potential buyers to “bring your hammer, bring your paintbrush and have a ball”, adding that the home is “not too far gone to patch up and make a buck”.

But as it was the cheapest house in town, the buyer would “have to be quick”.

And, it seems, they were. The deceased estate on a sloping block was listed at an eye-catching price of offers over $20,000 on Monday, and less than a day later, it was spoken for.

The phone has been running hot on it,” agent Kevin Briggs from Roberts Real Estate in Burnie told Domain. “It’s under contract already.”

1 Counsel Street, Queenstown

“I’ve had people from Darwin, Sydney – two offers from Sydney,” he added.

Just because it’s cheap. If it was $70,000, nobody would probably care.”

Mr Briggs said the home was “a mess inside”, with a sagging ceiling and holes in the floor, but with $50,000 spent on it, it could be worth $120,000 or more.

The former mining town has a population of 1755 and is famously home to a gravel football field, as well a more recent addition in the Unconformity Arts Festival.

The median house price for the town was $76,000 in 2018 after 99 sales during the year, with this year’s median hovering at the $73,000 mark.

 

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