Man purchases home for $1.50 - but there’s a catch!
<p dir="ltr">A man struggling to enter the property market has revealed how he purchased his home for just $1.50 - but there’s a catch. </p>
<p dir="ltr">Danny McCubbin, who is originally from the Gold Coast, wanted to upend his life once more and move from busy London. </p>
<p dir="ltr">On his mind was a quiet, peaceful area where he could enjoy his life – and the small town in Mussomeli, Mussomeli, took his breath away.</p>
<p dir="ltr">“I fell in love with this town,” Danny told news.com.au.</p>
<p dir="ltr">Danny took a leap of faith and bought his home in 2019 for just $1.50 (plus a further 3000 euros for notary and inspection fees). </p>
<p dir="ltr">However, a condition of the house was that he would have to renovate it within three years of purchase or he’d have to pay a further 5000 euros (AU$7,571) to the government. </p>
<p dir="ltr">The pandemic threw a spanner in the works, making Danny’s mission to renovate his home almost impossible.</p>
<p dir="ltr">Danny then decided it would be cheaper to purchase another home and renovate that. </p>
<p dir="ltr">“I ended up buying myself a house for 8000 euros, which is less than the cost of my car. And I spent 5000 on it and renovated that,” he revealed.</p>
<p dir="ltr">“That’s where I live now. It’s a beautiful place, it’s got a view of the mountains, it’s just perfect for me.”</p>
<p dir="ltr">Danny offered his best tips to those looking to do the same: spend time in the city where you plan to buy, see as many houses as you can, bring a friend who knows a bit about engineering, and don’t fall for the view.</p>
<p dir="ltr"><em>Images: Instagram</em></p>
