Bar­gain block buyer’s dream

Snap up prime land for $10K

The Morning Bulletin - - NEWS - Shayla Bul­loch Shayla.Bul­loch@cap­news.com.au

FOR $10,000 you could buy a small car, a boat or snap up prime Mount Mor­gan real es­tate with this bar­gain block of land.

Sit­ting among the quiet town north of Rock­hamp­ton, the quar­ter acre block has been dropped to a stag­ger­ing price for a quick sale.

Af­ter six years of work­ing in Mount Mor­gan real es­tate, agent An­gela Dou­glas said the price for this level block of land was un­heard of.

“It’s a mas­sive op­por­tu­nity for a new home owner to get on the prop­erty lad­der,” she said.

“Buy­ing and build­ing a home on the land could cost the new own­ers as lit­tle as un­der $200,000.”

The prop­erty on Lin­dale St has been on the mar­ket since Novem­ber 19 last year and was orig­i­nally listed at $20,000.

Ms Dou­glas, agent at Dis­cover Real Es­tate Grace­mere, said the cur­rent owner was an in­vestor and

took ad­van­tage of the cheap block to po­ten­tially sell down the track.

Af­ter nearly 12 months on the mar­ket, the block had now been dras­ti­cally

re­duced for im­me­di­ate sale. It has power, water, phone and ADSL lines and is only a three-minute drive to lo­cal shops.

Ms Dou­glas said this price

was unique for such a big block close to town, as nu­mer­ous prop­er­ties half the size sold for more in pre­vi­ous years.

“The mar­ket is go­ing so well in Mount Mor­gan at the mo­ment so this prop­erty is a great way to cut the price of a home in half for young buy­ers,” she said.

Af­ter sell­ing more than seven prop­er­ties in less than six weeks, Ms Dou­glas hoped peo­ple would take ad­van­tage of this bar­gain to add to the suc­cess of the grow­ing mar­ket.

PHOTO: DIS­COVER REAL ES­TATE

BAR­GAIN BUY: This bar­gain block of land at 5 Linedale St is up for grabs to the quick­est buyer. IN­SET: Agent An­gela Dou­glas.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.