A house for under $200,000 in the heart of Mount Gambier is up for grabs — but it comes with a catch.
According to its listing, the two-bedroom property on 7 Krummel St offers a “unique opportunity” for an “astute purchaser”.
The home, which sits on a “highly desirable” 1080 sq m of land, is significantly rundown with both the exterior and interior needing an “enormous amount of work”.
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The property is listed at $189,000.
Photos of the derelict house show plants have begun to grow inside, creeping in from windows and coming down from ceiling vents.
For those keen to restore the property back to its former glory, there is the potential to build a third bedroom, office or formal lounge.
The “very generous” bathroom has been partially guttered, and timber floorboards run through the majority of the property.
If a renovation is not on the cards, the property also presents an “exciting redevelopment opportunity”.
“A stunning renovation or rebuild from the ground up will have you living the life you’ve always dreamed, and where ambitious designs are limited only by your architectural imagination,” the listing said.
While the home’s appearance leaves much to be desired, it’s located right in the heart of the popular tourist town near many cafés, restaurants and supermarkets.
Mount Gambier’s famous Blue Lake is also only a short four-minute walk away.
“Allotment opportunities such as this within Mount Gambier’s CBD are a rarely offered to market,” the listing said.
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