A two-bedroom fibro house is on the market in Yass for $220,000 – with the agent saying it is the “bargain of the year”.
Located only a couple of hundred metres from the town centre, the rundown home at 72 Meehan Street is laying claim to the title of being the cheapest house in Yass.
While it is badly in need of renovation or rebuilding, it has the added attraction of being in a market where homes are increasing in value.
Listing agent Dominic Johns of Ray White Rural Canberra/Yass said that for all the hyped up talk of doom and gloom in the real estate market, Yass median house prices are ‘rocketing’ upwards.
He said the country town recorded a 14.7 per cent increase in median house price to $556,000 in 2018, according to the Domain House Price Report.
Mr Johns said that the penny has dropped for many of his purchasers who appreciate the quaint community and its proximity to Canberra.
“Yass has a thriving rural community, it’s fantastic to see how Yass has been going from strength to strength recently,” Mr Johns said.
“It is easy to see why more and more people are making the move out here.”
Mr Johns said that the house at 72 Meehan Street has a prime location within the Yass township and offers a great opportunity for someone who wants to renovate, knock down, rebuild or land bank.
“The home has all the basics – a large kitchen area, bathroom with shower, bath and toilet, and a living area with an open fireplace,” Mr Johns said.
“This, I reckon, will be the cheapest house in Yass with the added advantage of being able to roll the short distance down the hill to the coldest tap beer.
“While the need for a knockdown or full renovation is obvious, it’s not often you get the opportunity to purchase a property in this location, only a stone’s throw from the historic CBD of Yass.”
The house is on a 345 square-metre corner block and Mr Johns said that is was rented out until recently but it does have some water damage in the back rooms.
For more information or to arrange an inspection please contact Mr Johns on 0455 777 644 or click here.