$8,000 for 766m² Land, What Would You Do with It?

Maki on 20/05/2015 - 11:32

Just randomly came across this on realestate website:

http://www.realestate.com.au/property-residential%20land-sa-…

$8,000 for a 766 m² residential land. I am not going to move to Padthaway, but $8,000. Too cheap to be true…

I have been thinking if I get this block of land, what can I use it for (apart from building a house)? Any suggestions?

Home & Garden

Comments

  • stargalaxy on 20/05/2015 - 11:38

    Maybe you can sell it for $20K in 10 years time?

  • frondono on 20/05/2015 - 11:42

    Maybe buy it so you can pay fees on it every year. I can't really see any use other than a house or maybe a big shed to store trucks etc.

  • holdenmg on 20/05/2015 - 12:11

    Car Park amongst Grape Vines w/Fence.

  • PVA on 20/05/2015 - 12:57

    maybe its been dumped with chemical waste or asbestos.

  • kolorijo on 20/05/2015 - 13:02

    maybe it's the lucky number 13?

  • shadowarrior on 20/05/2015 - 13:09
    +1

    I am betting on that sale contract will have clauses.

    Like, it is $8000 and you have to build a house with only THIS specific builder, and select only one of two pre-set layouts and setup which all up including land price, costs what the usual land price plus house cost is.

    There could be a massive easement on the block which restricts you from building a proper house.

    Also, building a house isn't just land price + house build price. There's shit ton of site cost, etc which gets added.

  • Davo1111 on 20/05/2015 - 14:32
    +2

    For 8k, you gotta wonder why Lot12 didn't buy it, knock the fence down, and merge both properties. So there is something wrong/suspicious

    It's a trap.jpg

    It's probably a typo, going for 80k. If the house next door got 100k, it seems plausible

    • Annoying Source on 20/05/2015 - 14:59

      I'd go with it being a typo, I have found heaps of typos on websites like this or carssales, Shit happens I guess

  • jasong on 20/05/2015 - 14:39

    I'm betting on a typo…no way you can get it for 8K!

  • scatman00 on 20/05/2015 - 16:29

    Not a price error as it was 10k a few weeks ago. google cache

  • twinbag on 20/05/2015 - 16:32
    +1

    Dig it up and move it to Melbourne…profit!

  • theguru1 on 21/05/2015 - 07:21

    Negative capital gain. It sold in 2007 for $10k.

  • jimbo687 on 21/05/2015 - 08:20
    +1

    Watch the grass grow !!!

  • Tcm9669 on 21/05/2015 - 09:04

    This is about 1 hour away from mount gambier (a very popular holiday destination).. maybe you could leverage that somehow?

  • momov3 on 21/05/2015 - 12:41

    You could graze cows or sheep in it…..

  • ramshead on 21/05/2015 - 15:08

    Bikie clubhouse next door?

  • nikey2k27 on 21/05/2015 - 21:57

    I call up and ask why? land in some part of Aus is still cheep my parent live you buy a house for 80,000 still.

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