You’ll have to get on to your hands and knees to crawl around parts of this unique outback abode. But the underground renovator, which has no bathroom, kitchen or windows, may just be the investment you’ve been looking for.
On the market with a bargain price tag of $40,000 to $45,000, 679 Sherman Rd, Coober Pedy is a partially completed dugout on a large 2700sqm block – located approximately nine hours north of Adelaide.
It comes with five underground rooms – three to one side and two to the other – all of which have been dug out with machinery, but require a good clean up and both power and water connection.
Despite the home’s unfinished appearance, selling agent Trevor Lambert of Your Price Real Estate Gawler said the unique renovator was attracting strong buyer interest.
“We actually had quite a few inquiries already. People like the fact that they can mold it to their liking and the fact that the room already there are structurally sound,” he said.
“Interest so far has come from local and interstate buyers who know about Coober Pedy’s unique appeal and that people just like to come here.
“It’s also affordable at $40,0000 to $45,000 and dugouts at that price point are quite sought after – especially if considering that a fully finished dugout sells for around $150,000 to $200,000.”
The average above-ground home, meanwhile, sells for around $60,000, according to CoreLogic.
While the property does require some work, Mr Lambert said most of the heavy lifting had been done.
“They (the vendors) cut down a big V out of the block, giving access to both sides of the property,” he said.
“There are five underground rooms, so it’s basically set up like a house but does still need a kitchen and bathroom.
“The rooms are also four metres wide by seven metres long and have shafts up to the service for air supply.”
5 reasons to love underground homes
– They’re cool in the summer and warm in winter. The average temperature of a dugout sits at about 23C.
– They will slash power bills. The average quarterly power bill for a dugout is $200. By comparison, the average South Australian power bill is $475 a quarter, according to Canstar Blue electricity.
– They’re ideal for homeowners with little interest in gardening or cleaning gutters
– They’re perfect for Lord of the Rings nuts
– They will also deliver maximum privacy – super handy if hiding from invaders, pesky neighbours or travelling salespeople.