Deal close on $1 Invercargill house

Last updated 05:00 03/12/2013
cheap house
Rose Lodge Rest Home and Retirement Village regional manager Janine Lovett outside the $1 house on Tweed St.

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An Invercargill house with a $1 price tag has been sold subject to third party interest.

The three-bedroom house in Tweed St was advertised on Trade Me with an asking price of just $1. But it was cheap because the new owner would have to remove it from the property at their expense.

The house is owned by the Greenvale Group Ltd, which operates Rose Lodge Rest Home and Retirement Village next door.

Transit homes manager Bill McNamara, a house remover, said he had agreed to buy the Tweed St house and on-sell it.

It would cost about $30,000 to move the home, he said.

Mr McNamara said he has a contract to buy the home subject to third party interest.

He was waiting on the new buyers to sign the contract.

If the deal went ahead, he would move the home to an Invercargill street about the end of February.

The potential new owners declined to comment yesterday.

Rose Lodge regional manager Janine Lovett said the company was happy the house had potentially been sold and would discuss what to do with the empty section next year.

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- The Southland Times


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