Sale price of Coober Pedy property dubbed Australia’s cheapest home revealed

A vandalised Coober Pedy house listed for sale with an asking price of just $20,000 has sold for less than half of that, making it one of Australia’s cheapest homes.

The property at Lot 527 Van Brugge St recently sold for an undisclosed price – but now the jaw-dropping figure can be revealed.

It fetched just $7500, according to property records, four months after it failed to sell at auction.

RELATED: Property gold mine: The town offering insane rent return

The Coober Pedy property at Lot 527 Van Brugge St has sold for just $7500 after hitting the market with a $20,000 price guide.

It initially went to auction but failed to sell.

Vandals have completely destroyed the property.

That’s 90 per cent less than Coober Pedy’s median house price of $77,500, which PropTrack data shows is the fourth cheapest in the country.

Andrews Property agent Misty Mance, who sold the house under instructions of the Public Trustee, said when it went under offer in July that she could not disclose the purchase price but confirmed it had been listed for $20,000.

That made it the cheapest home on realestate.com.au at the time.

She said the buyer planned to restore the miners-style home to turn it into short-term backpacker accommodation.

It would be no easy feat though given it was in such a state of disrepair it was impossible to tell how many bedrooms it once had.

Gaping holes could be seen in most of the walls – with some even missing – its flooring had been destroyed, the kitchen sink had been torn from the wall, while empty beer boxes and other rubbish littered the tiny house.

The charred remains of a caravan were also still on the 1000sqm block.

“It is a home that I think can still be restored but he (the buyer) is definitely going to need to do some work,’’ Ms Mance said.

MORE: The one SA suburb with long Covid revealed

It was once a cherished property before it was destroyed.

The new owners hope to turn it into backpackers accommodation.

It was the cheapest property on realestate.com.au for a while there.

“He said he is going to restore it to its former glory to help with the accommodation shortage for 88-day backpackers.’’

Eighty-eight days refers to the time working holiday visa holders, except those from the UK, must spend in rural or regional areas to be eligible to extend their stay in Australia.

Ms Mance said the home was last occupied by a woman who lived there several years ago with her two young boys and had kept the property in immaculate condition.

After the mother, who had been unwell, and one of the sons died, the remaining son moved away, which was when vandals destroyed the home.

The title for Australia’s cheapest home has now been passed on to another Coober Pedy property, the residence at 536 Grund St that has a price guide of $28,000.

Ms Mance is also selling that property, which is described as “in a very rough condition, yet functional on a basic level”.

– with Lauren Ahwan and Lydia Kellner

The post Sale price of Coober Pedy property dubbed Australia’s cheapest home revealed appeared first on realestate.com.au.