• iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK News
    • US News
    • Australia
    • Ireland
    • World News
    • Weird News
    • Viral News
    • Sport
    • Technology
    • Science
    • True Crime
    • Travel
  • Entertainment
    • Celebrity
    • TV & Film
    • Netflix
    • Music
    • Gaming
    • TikTok
  • LAD Originals
    • Say Maaate to a Mate
    • Daily Ladness
    • Lad Files
    • UOKM8?
    • FreeToBe
    • Extinct
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube

LAD Entertainment

YouTube

LAD Stories

Submit Your Content
‘World’s cheapest home’ hits the market for just 78p

Home> News> US News

Published 10:12 22 Aug 2023 GMT+1

‘World’s cheapest home’ hits the market for just 78p

The home has already attracted a lot of interest from potential buyers, but there's a catch

Claire Reid

Claire Reid

A house has gone on the market in the US with a reserve price of just one dollar (or 78p). I might be able to get myself on the property ladder after all.

A listing for the two-bedroom bungalow in Pontiac, Michigan, says it could be the 'world's cheapest house' - and estate agent Christopher Hubel says its rock-bottom price has already attracted a lot of interest after it was shared online.

Speaking to Insider, he said: "As far as response goes, I've had hundreds of phone calls, hundreds of texts, hundreds of emails. My phone will not stop ringing."

The two-bedroom property has been listed for just one dollar.
Zillow

Advert

He added: "I've had a couple of listings that went viral like this in the past, with other viral marketing campaigns, so it's very similar to the kind of response that I've had with those as well.”

Hubel admits that the property is a fixer-upper, explaining to the publication that it was built in 1956 and has belonged to its current owner for almost 20 years.

After purchasing the property in 2004, its owner mainly used it as a rental and even tried to sell it back in 2011 for $10,000 (£7,818).

However, it has stood empty in recent years meaning it has fallen into disrepair, with dated fixtures in the bathroom, peeling paintwork throughout and partially broken cabinets in the kitchen.

The home requires renovations but estate agent Chris Hubel still believes it's a solid investment.
Zillow

Advert

But even taking all of that into consideration, Hubel reckons the property is still a bit of a bargain and could be a savvy investment for one lucky buyer.

"For somebody that's doing the work themselves, I would say you could probably do it for about $25,000 (£19,552)," Hubel said.

"For somebody that's hiring contractors, you're probably looking at $40,000 (£31,283) to $45,000 (£35,194)."

The deadline for bids on the property is 23 August.
Zillow

And, after forking out on those renovations, he believes the home will be worth around $120,000 (£93,850).

Advert

Now, before you go raiding your piggy bank, it’s important to remember that just because the property is listed for one dollar, it doesn’t mean that’s how much it will sell for.

Hubel explained: "I've had a lot of people who are just thinking that they're actually going to buy it for a dollar. And then any investor obviously realises that the whole idea is that we take offers on it and we go with the highest offer.”

Hubel is currently taking offers for the home until its 23 August deadline, but he thinks it will go for around $40,000 (£31,283) to $50,000 (£39,104).”

Featured Image Credit: Zillow

Topics: US News, Money, Home

Claire Reid
Claire Reid

Claire is a journalist at LADbible who, after dossing around for a few years, went to Liverpool John Moores University. She graduated with a degree in Journalism and a whole load of debt. When not writing words in exchange for money she is usually at home watching serial killer documentaries surrounded by cats. You can contact Claire at [email protected]

Advert

Advert

Advert

Choose your content:

9 hours ago
10 hours ago
11 hours ago
  • House of Commons/PA WireHouse of Commons/PA Wire
    9 hours ago

    Major concern as phone hidden in parliament to play ‘sex noises’ in prank

    Parliamentary security was not impressed by the prank

    News
  • X/@realDonaldTrumpX/@realDonaldTrump
    10 hours ago

    Politician has scathing Epstein response to Trump posting video mocking him

    Donald Trump shared a bizarre edited video of his political opponent, Adam Schiff, on X

    News
  • (Contributor/Getty Images)(Contributor/Getty Images)
    11 hours ago

    Vladimir Putin reveals condition in which western troops would become 'legitimate targets' in chilling new message

    The Russian leader is refusing to soften his stance on Ukraine

    News
  • GoFundMeGoFundMe
    11 hours ago

    Mum of student, 23, jailed for life in Dubai after 'very stupid mistake' speaks out on 'what really happened'

    Mia O'Brien has been given a life sentence in Dubai

    News
  • Man who has visited all 197 countries shows insane amount you can get for $1 in ‘cheapest country in the world’
  • Bruce Willis’ wife hits back at controversy over moving actor into home
  • World’s most expensive substance costs £49,000,000,000,000 for just one gram
  • Home Alone fans are only just realising one major detail about the £4,000,000 McCallister house