Elizabeth Downs home sells for $250,000 making it the cheapest auctioned home in Australia last week

A northern suburbs property has been auctioned for the lowest price nationwide last week. See inside and find out how much you could have purchased it for.

A derelict northern suburbs home, unsuitable for living, was the cheapest house in Australia to be sold at auction last week.

The three-bedroom property at 31 Gayland Rd, Elizabeth Downs, was sold for $250,000 by Smallcombe Sanderson at auction.

A round up of weekly auction results show it was the cheapest house that sold at auction across the country last week.

While the buyers secured a cheap price for the home, that sits on a 640sq m block, they have some work on their hands.

The listing was accompanied by a post that warned the home was uninhabitable.

“The home has seen better days, and is not in a liveable condition, however with improvements by a keen handyman could be fixed,” it read.

This three bedroom property at 31 Gayland Rd, Elizabeth Downs, was sold for $250,000 by Smallcombe Sanderson at auction. Picture: realestate.com.au

The property had holes in the wall and the windows boarded up. Picture: realestate.com.au

“Alternatively, the property offers a great land prospect to build your dream home.

“Ideally located, and surrounded by quality homes.”

The house has asbestos in the exterior cladding, holes in the walls, peeling paint and boarded windows.

The property is not suitable for living. Picture: realestate.com.au

At the other end of the spectrum, a seven-bedroom house in Auldana was the most expensive sale reported in Adelaide last week.

The property at 16 Old Norton Summit Rd sold for $2.6 million by auction.

The immaculately maintained masterpiece is nestled among the hills in the eastern suburbs, however it is just a 15 minute car ride to the CBD Adelaide only a short distance from the Magill village.

Last week, 102 properties were scheduled to be auctioned in Adelaide.

Originally published as Elizabeth Downs home sells for $250,000 making it the cheapest auctioned home in Australia last week