Stupidly cheap?

Got sent this today... I have no interest, seems stupidly cheap tho?


DECEASED ESTATE AUCTION

THIS SATURDAY 10AM


BUYING RANGE

$30,000 - $40,000


This is not a misprint!

Warning! Be there or miss out!

55 George Street, Bundaberg South
Great little starter or investment. If you are wanting to get into the market this is a great starter.
This property is perfect for first home buyers and investors looking for a project with ship load of work to do. Not for the faint hearted! Situated just walking distance to the C.B.D of Bundaberg and major shopping centre sits this sizeable home on a generous 911m2 block.?
Don?t miss this golden opportunity. This could be a bargain of a lifetime! Call today to book your inspection as this property will be Auctioned on-site on Saturday 13th June at 10:00am!

Michaels Real Estate
Phone: 07 4152 1600
Email: sales@michaelsrealestate.com.au
 
At 30-40 k it's worth looking at .

How often does it flood ?

talk to pm's in bundy and ask them is it rentable and what return ?

when we were looking at rocky , flood prone properties were cheaper ,but not that cheap.

i'd be more concerned about the termites

Cliff
 
30k would make it slightly above land value. Not really worth it given the demo costs, and trying to get a new dwelling on the block that could give a decent return, surely?
 
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