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

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.”

“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.