Derelict rural Victorian home sells for $110,000

Key points

• A rural property near Leitchville in Victoria has sold for $110,000, well below the regional median house price. The 2.32-hectare block includes a weatherboard house that is described as uninhabitable and in complete disrepair.
• Two bidders competed at auction on Friday, and the house passed in before the sale was agreed after negotiations with the highest bidder. The local buyer plans to keep cows and calves on the site and may consider building a new home later.
• Agent Tanya Harvey said the land has power connected and mature trees, sheds and water connections.